Caterpillar's Tough Stance with their union (corporations, profit, poor, wage)

[bobtn]

http://www.nytimes.com/2012/07/23/bu...gewanted=print

[Billy_J]

So give the workers all they want, then see those jobs move to China too?

Where have all our jobs gone and why?

[andywire]

Originally Posted by Billy_J

So give the workers all they want, then see those jobs move to China too?

Where have all our jobs gone and why?

Or in the case of CAT, kick those overpaid Canadians to the unemployment line and go hire some slave wage Americans Did anyone else notice they were demanding the Canadian workers to take a 55% wage cut, and now they are demanding a 6 year wage freeze for this American plant? Think before you speak folks... How would you feel?

And labor rates are a funny thing... I can get a worker to work for $14/hr, which is perhaps the labor rate for said profession... Doesn't mean he's gonna do the quality job that a company like CAT is going to demand, or require. CAT is making record profits... I think they are on the road to degrading their good name in the selfish search for MORE profit. I believe it will have the opposite effect in the end. And these are earth movers that CAT manufacturers... Not holiday trinkets. I think they will hold the Chinese at bay with their expensive products and high labor rates...

[bumpus7]

Originally Posted by Billy_J

Where have all our jobs gone and why?

American Companies can not keep up with
the competitive prices of other countries,
because our prices are much much higher ! ! !

Jobs are going to poor countries where wage are very low
compared to wages in the USA, and they can live on their
low wages and no benefits because their cost of living is lower.

Companies make more profit this way ! ! !
.

[andywire]

Originally Posted by bumpus7

American Companies can not keep up with
the competitive prices of other countries,
because our prices are much much higher ! ! !

Jobs are going to poor countries where wage are very low
compared to wages in the USA, and they can live on their
low wages and no benefits because their cost of living is lower.

Companies make more profit this way ! ! !
.

Unfortunately, our government does everything imaginable to prop up our artificially high COL. This is the real kick in the teeth for the average working class American.

[bumpus7]

.
Caterpillar also was one of the large companies who received money
( an un-deserved bail out ) from the US government which robbed the
American tax payers during the bail outs of banks and large corporations,
and the 1% ers ... etc.
.

[pzrOrange]

the government actually benefited from bailouts, because it made tons of money -- you know that, right?

[bumpus7]

Originally Posted by pzrOrange

the government actually benefited from bailouts, because it made tons of money -- you know that, right?

The ones who got the government bailouts,
will use a lot of that money to buy there next president ! ! !
.

[Goodnight]

Story in todays WSJ, (sorry no link) compensation for CEO Douglass Oberhelman rose 60% last year to $16.9M, the 5 top executives got a raise of 7%, these are the people telling the workers making $26/hr to take a 6 year wage freeze? That's what I like leadership by example.

Additionally they had record profits, this is exactly what is happening in many companies, huge disparity.

[Goodnight]

Originally Posted by Billy_J

So give the workers all they want, then see those jobs move to China too?

Where have all our jobs gone and why?

Yes let's make China the standard, no environmental laws, no workplace rules, low wages, lower standard of living, race to the bottom.