https://www.dailymail.co.uk/yourmoney/article-13567647/Americas-oldest-companies-slashes-jobs-Midwest-shifts-work-Mexico.html
15 replies (most recent on top)
I won’t buy a John Deere from Juan Deere. Or a Juan Ford either. If I want a foreign car or tractor I’ll go full monte and buy Korean…..
The real problem, and the thing that must be ended, is the fed/central bank system.
Time to return to the constitution and sound money.
"Greedy bankers, greedy boards, conflicts of interest in Congress with the policies they pass. Addressing those issues I think would help us all."
Bingo.
Except I would add the word corrupt.
All of them are very wealthy, but they don't appear to have very useful skill sets like
that of a doctor, engineer or farmer.
So the question that comes to my mind is how did they get that wealthy especially when they are not that important to soceity.
Why ain't us engineers unionized?!?!
The politicians I vote for tell me unions is bad news. But I read in a history book that unions is the only reason we have weekends!
Maybe the politicians I voting for have more to gain by eliminating unions? And they using me to fight that fight for them?
lol - had to go through a lot to get higher pay, huh? Like what - having someone negotiate your wages for you. Sounds tough. As you smear folks on here that went to school for at least 4 years for possibly an expensive engineering degree you ought to be careful because they could have an influence on automating your job too. And it’s likely coming.
Point is rather than bickering amongst and against each other which seems to be what the politicians want, why don’t we go after the folks that are trying to fu-k us all over? Greedy bankers, greedy boards, conflicts of interest in Congress with the policies they pass. Addressing those issues I think would help us all. But in the mean time we seem to be in a race to the bottom with wages with current policies to appease shareholders. Don’t assume the UAW can protect you from this. When push comes to shove the leaders throw their members under the bus
Well, 33% of Americans believe Joe Biden is awake…
No one ever mentions that the cost of living in Mexico and India is far less than in the U.S. That’s why those people getting the jobs there can accept the lower pay. For their pay, you’d have to accept government financial assistance to live in the U.S. You wouldn’t be able to afford a home. Your family would suffer. It’s a much deeper problem than a simple statement of “U.S. workers make too much”.
There isn’t an even playing field among countries. Governments actively suppress wages and rig exchange rates. Then they buy off or blackmail U.S. politicians to look the other way.
Ford is s trying to take advantage of corrupt governments, corrupt politicians, and exploited people. It always bites them in the asset.
Our US corporations are allowed to find the best costs to be as successful as possible.
You office workers have priced yourselves out of your jobs.
You all need to be learning skilled trades. Become welders and plumbers. Yes, you will break your bodies for 20 years and be unable to work after your 50s. Yes, you will earn between 35k and 70k in most states.
But the elite will always need the help. The help get to keep their scrounging jobs and paychecks.
Your office jobs are going to foreign countries faster and faster. All that will be left are assembly plants throughout the US and top brass in Dearborn. Or maybe the Detroit Train Station.
You office workers need to make far less money. Or maybe have most of your ranks laid off and the few that are left absorb the work.
Also to the plant workers, you make all of this money. You buy 3 or 4 maybe more Ford vehicles, that you can pay for, then you go strike and call Ford Customer Service and cry and whine needing an extension on all of those nice vehicles because you are too lazy and demand more and more. This is why your jobs have also gone over seas.
To the U. S. Plant folk. KMA
Sleeping? I don't know how you can make this claim. Shifting work to an overseas country for lower labor costs has been going on since forever with the 90's being the pivotal point after NAFTA was passed. It just accelerated since around 2010 (IMHO) and companies are no longer hiding their abominable actions. The switch to keeping shareholders happy to prop up a company's stock rather than keeping employees content will be their downfall. (Just read the comments at this site.) Eventually, most of these companies with have nothing but non-USA employees with no one in America able to afford their products; in Ford's case, vehicles. What will these companies do when that happens? Probably fall by the wayside like dominoes. Loyalty from corporations has changed from their employees to their stock price/money - short term gains - which is not sustainable for the long term. I have not sleeping and have been watching this unfold for longer than I care to admit. And it disgusts me.
Us plant folk are makin 80 grand or more per year. But we had to go through heck to get there.
Y'all office folk are gonna have to think about making less money. Cause them boys in low cost countries would flip for a chance to make 30 grand per year.
Ford can get four of them for the price of one of y'all!
Corporate greed but I also blame it on monetary policy. Before the early 1980’s companies and the public could commonly invest their money in bonds and earn interest but since then interest rates have been on a steady decline to essentially zero in the last decade or so. Today if you were in bonds they’d barely keep up with inflation.
Imo the very low to almost zero interest rates have made stocks practically the only investment with growth. Problem is Wall Street is always hunting for the company with the best ROI (can’t fault them). And this pattern has been going on for so long that companies keep looking for more and more cost cuts to appease shareholders over time and find further growth. Unfortunately one of the low hanging fruits is labor costs.
I don't pay attention to any news from UK. it's all tabloid.