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.
------------------ 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
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.
That would mean more people joining the list of unemployed and collecting unemployment benefits. Our economy is really at its worst.
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.
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.
eventually the wage will be same and no point in outsourcing it china and india currency undervalued.