Thread regarding Ford layoffs

Limited long term thinking and spend

This goes beyond Ford. R&D spending by companies is growing quickly, but it is weighted towards development rather than research... So R&D money is spent on the marginal innovations related to the commercialization of old research than the longer-term pursuit of new discoveries... The federal spending on basic research has also dropped... So... While we can make short to medium term profit on research $$$ we spent long time ago, we'll be unable to do so 10 or 20 years from now as we really do not spend that much on 'true research'...

Meanwhile in China, things are different, the f---ers are looking at things with a 100 year horizon in front of them...

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| 781 views | | 2 replies (last May 24, 2019) | Reply
Post ID: @OP+ZcihKk6

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"Get out now" where am I supposed to go? Canada?

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Post ID: @1wfs+ZcihKk6

Mods deleted the other post about R&D here, so be careful:

"American economy in general is stagnating and decaying due to lack of innovation. Tax cuts that should have gone to R&D went to share buybacks because companies have no good ideas, so return excess capital to shareholders, who are all running from place to place looking for good investments in dumb IPOs and tech moneysinks that will never be profitable.

Large auto OEMs will continue to lay off to reduce costs and pump up share price because revenue will stay stagnant and self driving cars are years away (and won't be a huge market either as most consumers will use car-as-a-service instead of owning their own depreciating assets). Younger americans no longer buying new cars because they don't have the disposable income. Once the older generation is done retiring/looting/dying these companies either Private Equity or non-US will come in, take over, and further slash and burn expensive american workers while using the old trusted american brands to produce cheaper and more generic products. Get out now."

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Post ID: @yrj+ZcihKk6

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