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Old 09-02-2013, 05:07 PM
 
3,071 posts, read 7,824,138 times
Reputation: 2068

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I will admit, my title borders on hyperbole. Some might even say it's crossed the border and settled in Colorado, or more apt, NC. This was a legitimate thought in my head this evening while watching World News on ABC. They did a feel good story on the fact eh CEO of Lenovo was sharing his bonus with employees, many from Raleigh NC included. The significance being that ABC previously trumpeted Lenovo bringing manufacturing jobs to Raleigh for their "Made in America" series.

What struck me was why would they do so , and why NC, unless it was more economical to employ said workers here than anywhere in the US, which made me think of the frequent complaints of NC low wages. Despite low wages there is a glut of skilled tech workers in the Triangle/Triad. Which brings me back to the title. Is as if NC is the spot to bring your business if you want a bunch of workers, skilled or otherwise, who will work for relative peanuts.

Reference:
CEO of Lenovo Gives $3 Million in Bonuses to Employees


Lenovo marks first US manufacturing plant in NC - WJBF-TV ABC 6 Augusta-Aiken News, Weather, Sports


note: ABC won't post the article from World News until after it's aired on the west coast, which is why that link is not included






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Old 09-02-2013, 05:11 PM
 
Location: Middle Tennessee
187,012 posts, read 76,925,708 times
Reputation: 130279
No one is exempt from the principals of supply and demand. Labor is part of the supply and you build where it is the kind you need at a cost effective amount. That is the basic fact. SC is not a third world type country. They have the resources Lenovo needed. Start a business, any business and pay more for labor than the market will bear and you won't be in business long.
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Old 09-10-2013, 06:42 AM
 
Location: North of Hell, South of Heaven.
310 posts, read 592,166 times
Reputation: 495
Quote:
Originally Posted by Nomadicus View Post
No one is exempt from the principals of supply and demand. Labor is part of the supply and you build where it is the kind you need at a cost effective amount. That is the basic fact. SC is not a third world type country. They have the resources Lenovo needed. Start a business, any business and pay more for labor than the market will bear and you won't be in business long.
Ah, but what is one to do when a combination of never-ending Fed-printed funny money, a Government bought and paid for by multi-nationals that no longer protects us from said multi-nationals, and an utter lack of any semblance of a true Free Market artificially holds wages down and the problem that the US has always had of wages not keeping pace with inflation continues unabated?

Oh, right. I forgot. People are just "unskilled", right? Time to pull that magic fiat paper out of our bums that we don't have to go back to school again, right? Just take out another loan, right?
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