WEW51L110 wrote:I don't like the jobs going off shore either. It's a complicated situation that evolved over a long period of time involving what workers now get paid and the gov't. passing laws and making agreements with other countries that have delivered us into the current situation. Execs have been forced to send mfg. off shore to be able to make merchandise affordable for the American worker to buy (if he is still working). Tax laws and free loaders have contributed to that too. Whether we like it or not, the global economy has come to fruition and American jobs are the big losers. The whole system needs to be over-hauled to get jobs back on-shore. Being the most prosperous nation, in some respects, we have priced ourselves out of work. We need to insure American ownership keeps America working.
I would dis agree somewhat. If you look at US executive compensation as it relates to the wages of the people they employ, in this country, we have the largest, by far disparity of any country. Too often, workers wages are sited as the reason to go off shore, but no one asks why exec's compansation is so high? Anyone can get a 25% return on a stock for a short while by gutting the company, but for long term health there need to be less taken off at the top.
At the turn of the last century (1890-1920's) the big industrialest were looking to biuld an empire that would outlast them and their kids, and in doing so provided meaningful work for many (not always in good conditions or wages) for the forseeable future, today 5 years is a long time.
The boards that control these companys sit in "rareifide air" where they are all thinking "I don't want to rein in these costs (and my own compansation) as I want the same as these guys are getting. Ownership of a company implys responsibilty to that company, above what you get. If you are makeing the company profitable, then you should get a portion of that profit, but too often today, bonus's are paid even if the company is put in worse shape. Gutting a company can make it profitable for short term, but kills it long term.
I guess I'm **** tired of hearing that workers wages are the problem from people pulling 7-8 or more figure income out of the same company.