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Tool Talk Discussion Board

Re: OT: Why our jobs are going elsewhere


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Posted by 730d se on November 03, 2009 at 13:15:13 from (75.138.98.81):

In Reply to: Re: OT: Why our jobs are going elsewhere posted by Spook on November 03, 2009 at 11:08:01:

Labor has always been cheaper in other countries, especially the backward ones that are years behind us in education.
However, that is not the direct cause of job loss.
It still goes back to greedy executives that can only see the future for themselves. They have little or no regard to the long term health of the company nor their emplyees like they once did.
Recall back in the early 1970s when Japan began to ship cars over here? While our cars needed some improvements, the Japanese cars were horrible. They did not sell well.
Two things happened. Japan learned from it's mistakes and took action to continually improve their products.
What did US car makers do? They were so focused on large bonuses and the short term, that they allowed a bad product to get even worse.
We did it to ourselves.
Today, foreign cars are, on the whole, built better, last longer, give less trouble, etc.
That to me is a dispicable and embarrassing fact.
The US could have basically shut the foreign car market down back then, but a few fat cats chose their own checking accounts over the betterment of the companies.
Today, what do the fat cats get for running large auto makers in the ground? They get a darned bail out.
Sad thing is, many of the execs that destroyed GM are still in place.


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