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It's globalization folks. US wages come down while third world wages go up. We meet somewhere in the middle.
These are union jobs and the new union wages. It's either work for less money or the work will go to another country.
We did this to ourselves folks and it didn't happen overnight.
It was decades in the making and you'd be foolish to think we can go back to what we once had.
http://www.nytimes.com/2011/12/30/bu...%2Findex.jsonp
Manufacturers are hiring again in America, softening a long slide in factory employment. But for a new generation of blue-collar workers, even those protected by unions, the price of employment is likely to be lower wages stretching to retirement.
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The wages for the new hires, however, are $10 to $15 an hour less than the pay scale for hourly employees already on staff — with the additional concession that the newcomers will not catch up for the foreseeable future. Such union-endorsed contracts are also showing up in the auto industry, at steel and tire companies, and at manufacturers of farm implements and other heavy equipment, according to Gordon Pavy, president of the Labor and Employment Relations Association and, until recently, the A.F.L.-C.I.O.’s director of collective bargaining.
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Mayor Fischer said, arguing that while the city is actively subsidizing G.E.’s expansion here, mainly through tax rebates, that is not enough. “You must have a globally competitive wage to create jobs,” the mayor insisted.
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Quote:
Originally Posted by HappyTexan
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Mayor Fischer said, arguing that while the city is actively subsidizing G.E.’s expansion here, mainly through tax rebates, that is not enough. “You must have a globally competitive wage to create jobs,” the mayor insisted.
Wonder if we'll ever see upper management compensation approach global levels?
Wonder if we'll ever see upper management compensation approach global levels?
It's happening to lower and middle mgmt now. Why keep a US manager when more than 1/2 your people are working in another country and they can hire a manager there for a fraction of the cost.
I don't think you'll see HQ folks being offshored but I think anyone below that is just biding time.
This is good news for employment and the economy and our country needs production. Good move by the unions they can just about hire 2 people for the price of 1.It is just reality to compete in a global economy wages have to come down,the days of a person making 30 bucks a hour to run a air wrench are coming to a end. This along with Catapiller building a new plant in Iowa is news I like to hear I mean who could be against real job creation.
This is good news for employment and the economy and our country needs production. Good move by the unions they can just about hire 2 people for the price of 1.It is just reality to compete in a global economy wages have to come down,the days of a person making 30 bucks a hour to run a air wrench are coming to a end. This along with Catapiller building a new plant in Iowa is news I like to hear I mean who could be against real job creation.
They shouldn't. But with lower salaries come lower expectations.
How does that drive a consumer based economy ?
Maybe, in the long run, all prices will eventually fall to be within the range of lowered salaries.
We did it to ourselves. had these jobs remained here, and employment remained high, there would be a struggle to attract and keep quality workers, pay would be higher, as would benefits.
With unemployment at such high levels, well, it's open season.
People need to get off their high horse and start taking jobs even at min wage, and work their way up. Our grandparents knew and understood that a min wage job was a stepping stone to better things.
We need to step up, and realize, we don't need a car for ever member of the household, we CAN stack kids 2 to a room, (I remember sleeping on a bunk bed, made for great pillow fights, and arguments who got top bunk, the better attack position), we don't need a tv the size of the entire wall, and we don't need a tv for every room in the home. We don't all need smartphones, and can actually get a plan that with small flip phones, rival the cost of a home phone system, and with minimal use, it's doesn't require an arm and a leg, your first born, and a pint of blood every month.
We don't need 100$ tennis shoes, and in fact many sneakers can be found at a cost of 20$ or less that wear well. We don't need 70$ jeans, expensive everything.
It's called living within your means, and WORKING to improve yourself.
I started out as an 18 year old kid, kicked out of the home soon after turning 18. I had been accepted to 2 great colleges that I couldn't afford, and ended up working at General tire, changing tires on cars making minimum wage, and living at the YMCA on Morehead st in Charlotte NC. Let's face it, no silver spoon here. So I know what it's like, I know about hard work, and I also know that through hard work, you can better yourself.
Quit whining, start at the bottom and work your way up.
They shouldn't. But with lower salaries come lower expectations.
How does that drive a consumer based economy ?
Maybe, in the long run, all prices will eventually fall to be within the range of lowered salaries.
My veiw is there is too much imbalance between consuming and producing and for the economy in the future to get better the gap needs to be narrowed.
I do not agree with the lower salaries comes lower expectations I think they stay the same. The worker can do the job up too companies expectations or he will be replaced, with the massive amount of people unemployed the companies are in the drivers seat. They will not tolerate anyone hurting their profit margins.
My veiw is there is too much imbalance between consuming and producing and for the economy in the future to get better the gap needs to be narrowed.
I do not agree with the lower salaries comes lower expectations I think they stay the same. The worker can do the job up too companies expectations or he will be replaced, with the massive amount of people unemployed the companies are in the drivers seat. They will not tolerate anyone hurting their profit margins.
I didn't mean worker expectations but consumer expectations from the point of having more money to buy stuff.
Less money = less stuff
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