GM prepares to shut Indianapolis plant after workers reject concessions

[wartrace]

Quote from poyayan:

Wait till gold hit 2600, then $28 per hour will become $14 per hour automatically..

Uh, but wouldn't 14 dollars an hour then become 7?

 

[Scataphagos]

Quote from wartrace:

Uh, but wouldn't 14 dollars an hour then become 7?

Most (dullards) seem to accept, "prices double, so wages double"... no problem. Not usually true.. not only do wages not keep pace with high inflation, neither do the increase in "asset values".... INFLATION = DESTROYER OF WORLDS!!

"DEFLATION"... Healer of politico wrong doings.

 

[nickdes]

Quote from DHOHHI:

They were actually offered $15.50/hour, got to retain their seniority and also could get up to $35,000 as compensation for reduced package.

$15.50 and hour is $620/week, a lot more than $390 and with OT these guys can rake in even more. The days of line workers making over $100K are gone for good. And years ago when I worked in the auto industry I was aware of production workers making as much as $120K/year with OT.

I also saw UAW guys sleeping on the production line with no consequence. And for those who are unaware, last week Chrysler fired 13 line workers for drinking and smoking pot on their breaks. This kind of stuff happened years ago with no impact on the guilty parties.

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You know here on the net, one can say anything, and be anything. If you say you worked at a plant , then of course you did, you also worked at an ER room too, you also were a Detroit city council person too ...... : ) You did everything I am sure of that! LOL

Have a great day,
-Nick

 

[JoePaterno]

Quote from CaptainObvious:

I know what they call it. I'm saying it's not sustainable. Those that run the corporations no longer have any skin in the game. The company goes belly up, so what. They've stolen enough money from their workers to stay comfortable regardless of general economic conditions.
I don't think people realize just how dangerous of a situation we have here. The fact is, the entire country could go down, and I mean down in flames, literally, and the few people that run the show will still be very, very comfortable. That's an economic condition which can't last, and it absolutely determines the decisions these coporate leaders make. They simply don't care!

All the rants against corporate leaders have no meaning. Competition is relentless. If people wish to continue making buggy whips and barrels when cars and corrugated boxes replace them, then that is their problem.

Corner stores were replaced with markets. Markets were replaced with supermarkets. Costcos, WalMarts/Targets and others blew by KMart and malls when they stopped competing effectively.

Dollar stores and online shopping are examples of further refinements. Cable TV and cellphone companies may get replaced with online and other, cheaper services.

Companies don't exist to make good-paying jobs. They exist to generate a profit for owners. If hiring staff can help an owner do that, then there is job creation.

There is no corporate greed or this other nonsense that is being ranted about here. There is constant pressure to keep costs low enough from overwhelming technological advances, lower cost producers, and many other things.

If you ever owned a business, you would realize this all too quickly. I did. Having employees, who stole, slacked off, complained, demanded higher wages & benefits and many other things is one of the nightmares of ownership. Unions are just a highly polished version of employee greed. They almost bankrupted the auto industry and they are threatening to bring down many state and local governments with the huge pension shortfall.

 

[olias]

Quote from JoePaterno:

All the rants against corporate leaders have no meaning. Competition is relentless. If people wish to continue making buggy whips and barrels when cars and corrugated boxes replace them, then that is their problem.

Corner stores were replaced with markets. Markets were replaced with supermarkets. Costcos, WalMarts/Targets and others blew by KMart and malls when they stopped competing effectively.

Dollar stores and online shopping are examples of further refinements. Cable TV and cellphone companies may get replaced with online and other, cheaper services.

Companies don't exist to make good-paying jobs. They exist to generate a profit for owners. If hiring staff can help an owner do that, then there is job creation.

There is no corporate greed or this other nonsense that is being ranted about here. There is constant pressure to keep costs low enough from overwhelming technological advances, lower cost producers, and many other things.

If you ever owned a business, you would realize this all too quickly. I did. Having employees, who stole, slacked off, complained, demanded higher wages & benefits and many other things is one of the nightmares of ownership. Unions are just a highly polished version of employee greed. They almost bankrupted the auto industry and they are threatening to bring down many state and local governments with the huge pension shortfall.

That's pretty much how I see it too. Here is the bottom line: "Companies don't exist to make good-paying jobs. They exist to generate a profit for owners." This is the nature of the game. Makes no sense to complain about it.

 

[TraderTactics]

That would mean more people joining the list of unemployed and collecting unemployment benefits. Our economy is really at its worst.

 

[Vinny1]

If most jobs end up being outsourced and most of the people here are broke, who will buy what corporations have to sell? Won't their sales and stock prices suffer?

 

[JoePaterno]

Quote from Vinny1:

If most jobs end up being outsourced and most of the people here are broke, who will buy what corporations have to sell? Won't their sales and stock prices suffer?

Companies and corporations are not government agencies. They profit their stockholders and owners FIRST, by servicing their customers. Workers ONLY exist to help the company produce goods and services. If someone else can do it better, cheaper, faster (without stealing the company's informational assets), then it will be outsourced, contracted out, automated, etc. That is this thing called "life."

Workers and unions keep having this mistaken idea that industry is a massive entitlement program.

People have been worrying that all jobs would disappear, starting with Japan in the 70s. Didn't happen.

 

[Mayhem]

Quote from Vinny1:

If most jobs end up being outsourced and most of the people here are broke, who will buy what corporations have to sell?

The new Chinese and Indian (and Brazilian, Russian, Turkish, etc.) middle classes who got the outsourced jobs.

Not to worry, there will always be "community organizer" jobs here in the US, so there will always be budding, well-funded Obamas eager to buy whatever crap is made in China and serviced out of India.

 

[businessstaxes]

eventually the wage will be same and no point in outsourcing it

china and india currency undervalued.

Quote from Mayhem:

The new Chinese and Indian (and Brazilian, Russian, Turkish, etc.) middle classes who got the outsourced jobs.

Not to worry, there will always be "community organizer" jobs here in the US, so there will always be budding, well-funded Obamas eager to buy whatever crap is made in China and serviced out of India.