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So you want lower U.S. wages but do not want those wages to be in competition with lower wages from other countries?
Basically you want protectionism against foreign competitors but wage stagnation from domestic companies.
Man. That economic model sucks.
We need not match other nations wages, since shipping from Asia costs a fortune. Corps must maintain landed cost parity-landed is a key word. Even w/o tariffs, a 40' shipping container will cost over 10k to get to America. Add in duties (which exist independent of tariffs), off-shoring, trucking from port to your corp, and its little wonder we are seeing a fair amount of US insourcing.
And we are doing it w/o the outlandish, union excesses of the past, including feather-bedding.
Nothing to do with corporate greed. Nah...that played no part. Paying people good wages that boosted the tax base of an entire region is what ruined EVERYTHING. SMH
I personally think unfair trade deals where America was always the weaker partner is the biggest reason, and I fault companies for moving jobs overseas. However you must at least admit that unions also played a role as a "push factor" in the outsourcing of American manufacturing. Unions have a place in some private industries but when they get too powerful they can make unreasonable demands and further increase the cost of doing business in some of these states.
The area in the US with the most manufacturing today is now the South which is also the center of the automobile industry now, with many plants owned by foreign companies . I would prefer that they be owned by Americans but at least Nissan, Toyota and Honda and VW are providing jobs in many Southern states but these are non-union jobs and states here tend to have less overregulation.
I think Baton Rouge and Lake Charles are probably what the Rust Belt used to be like, with a lot of high paying industrial jobs for men without a college degree. People talk of Pittsburgh as a success story but its only a survival story. Pittsburgh now has half the population it used to. The new jobs in IT, health care etc are only open to the new college educated yuppies not the regular blue collar folks who are left with nothing. I've come across more and more people from the Rust Belt working here in Louisiana in our industries.
Nothing to do with corporate greed. Nah...that played no part. Paying people good wages that boosted the tax base of an entire region is what ruined EVERYTHING. SMH
The coal companies used to do this in West Virginia and Kentucky before Obama launched the war on coal. The oil, gas and petrochemical industries still do this in Louisiana and East Texas. I have several friends who work in the plants around Baton Rouge making $35 an hour or more.......they make more money than many college educated people whose fields pay less than that, and these are the folks with useful majors, not even getting into all those college grads with useless degrees in sociology, communications, philosophy, etc etc working at Starbucks.
We need not match other nations wages, since shipping from Asia costs a fortune. Corps must maintain landed cost parity-landed is a key word. Even w/o tariffs, a 40' shipping container will cost over 10k to get to America. Add in duties (which exist independent of tariffs), off-shoring, trucking from port to your corp, and its little wonder we are seeing a fair amount of US insourcing.
And we are doing it w/o the outlandish, union excesses of the past, including feather-bedding.
The 21st century model is sustainable.
Oh B.S. Unions were the ONLY thing that drove middle class wages up. You can say they went too far but you then would also need to say U.S. companies did not go far enough with fair wages.
The midwest is not in ruins. It's come back. Some are doing better than others, but that's true anywhere. Id much rather be here than pretty much any major city because the COL is more reasonable.
Some areas are doing okay but unfortunately I don't think states like Michigan, Ohio, and Pennsylvania will ever be what they used to be in the old days when the factories were humming. NOt that other parts of the country haven't been affected by unfair trade agreements like the decline of the textile industry in the South (almost all clothing is imported now) but the Rust Belt was especially hard hit. The Midwest still has a lot of agriculture though unlike southern West Virginia which isn't suitable for that because of the rocky soils.
Oh B.S. Unions were the ONLY thing that drove middle class wages up. You can say they went too far but you then would also need to say U.S. companies did not go far enough with fair wages.
Wrong. Middle lass wages soared post WWII. Europe in ruins. Japan in ruins. We were the sole industrial power intact and we milked the world for all it was worth.
Unions did not want to admit that was the game-changer. Pre end WWII, union contracts while decent were not offering overwhelming wage gains. They did not become smarter in 1945-lack of competition allowed the whole USA to get complacent with cost control. We paid dearly for that when Japan and Europe recovered.
The 1st world in ruins for years starting in WWII changed the equation.
Some areas are doing okay but unfortunately I don't think states like Michigan, Ohio, and Pennsylvania will ever be what they used to be in the old days when the factories were humming. NOt that other parts of the country haven't been affected by unfair trade agreements like the decline of the textile industry in the South (almost all clothing is imported now) but the Rust Belt was especially hard hit. The Midwest still has a lot of agriculture though unlike southern West Virginia which isn't suitable for that because of the rocky soils.
The midwestern economy is more diverse now. Michigan is still more dependent on auto than it probably should be, but it is far more diversified than in the past.
Wrong. Middle lass wages soared post WWII. Europe in ruins. Japan in ruins. We were the sole industrial power intact and we milked the world for all it was worth.
Unions did not want to admit that was the game-changer. Pre end WWII, union contracts while decent were not offering overwhelming wage gains. They did not become smarter in 1945-lack of competition allowed the whole USA to get complacent with cost control. We paid dearly for that when Japan and Europe recovered.
The 1st world in ruins for years starting in WWII changed the equation.
And CEOs took a pay cut? Look at executive salaries compared to 20 years ago. Its a joke. CEOS are now rewarded to lower wages for the rest of the company.
And CEOs took a pay cut? Look at executive salaries compared to 20 years ago. Its a joke. CEOS are now rewarded to lower wages for the rest of the company.
CEOs mostly make incentive compensation based on maximizing shareholder value. Their base pay is far smaller than the incentives, which are tied to contractual goals.
CEOs mostly make incentive compensation based on maximizing shareholder value. Their base pay is far smaller than the incentives, which are tied to contractual goals.
Bwaahaa That is rich.
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