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well, you can't compare domestic airlines troubles to auto manufactorers troubles due to the fact domestic airlines have NO foriegn competiton inside the US.
as far as the argument that the money goes to another country when buying foriegn, thats true, i don't care how many different americans might own stock in toyota or whatever, the overall success goes back to japan. one only has to look at other countries for this example, my wife's country of kyrgyzstan has canadian gold mine comapnies in it and such, but no one from that country is getting paid worth a damn to work there, profits go ack to canada. also look at the BP oil pipeline through turkey and such other projects or shell's nigerian oil, local populations depressed wage and profits go back to the coorporate headquarters. will this be the direction america is heading?
something will have to give, and my guess its going to e the unions, no money, no deal, one can't argue against that fact.
lets hope this is a slump and they will pull out and americans will wake up and see what buying these japanese cars are truly doing to their own welfare, directly or indirectly.
Big difference between Ford and GM though. Bills family fortune in Ford as they own something like 40% of the company. If Ford goes BK the family is screwed.
well, you can't compare domestic airlines troubles to auto manufactorers troubles due to the fact domestic airlines have NO foriegn competiton inside the US...
The valid comparison is that the old legacy carriers are stuck with union contracts and lots of retired workers collecting the benefits they earned under those contracts. New carriers, like JetBlue or Airtran arent saddled with legacy costs. In this way, American is to GM as JetBlue is to Hyudai (US operations).
Granted, manufacturing and services are very different types of businesses.
Well we have the Unions to blame for that. Greedy whiny groubing little money hungry. Well you see my point.
i totally disagree with that. unions have their good points and bad. there are serveral times i wish i was in s union because of an employer pushing me around and doing things that are not fair to me or others. unions stick up for your rights as a employee and protect you. the big downfall of a union is they sometimes might protect someone who is not worth it like a drug addict or alcoholic. i think that there should be unions and they are a good thing but they just need some revamping to make them more appealing to people. but the whole problem to the american auto market is the forgin cars and our good old president george bush. i got some good slogans for you that might make people think twice. "TOYOTA" from those nice people that brought us peral harbor!!! also dont feed me this so called "global economy" if its so global and so good then why dont it help out the US???? why are all the jobs leaving this country???? and give me a good answer not this well forgin stuff is made better crap. because its not any better than what we make anymore.
i totally disagree with that. unions have their good points and bad. there are serveral times i wish i was in s union because of an employer pushing me around and doing things that are not fair to me or others. unions stick up for your rights as a employee and protect you. the big downfall of a union is they sometimes might protect someone who is not worth it like a drug addict or alcoholic. i think that there should be unions and they are a good thing but they just need some revamping to make them more appealing to people. but the whole problem to the american auto market is the forgin cars and our good old president george bush. i got some good slogans for you that might make people think twice. "TOYOTA" from those nice people that brought us peral harbor!!! also dont feed me this so called "global economy" if its so global and so good then why dont it help out the US???? why are all the jobs leaving this country???? and give me a good answer not this well forgin stuff is made better crap. because its not any better than what we make anymore.
The Unions is what killed the US car industry. With more and higher wages and benefits.
Now if it was not for those greedy Unions we would still have a thriving industry. And these jobs would not be outsourced to other countries.
wow, interesting discussion, would make a good economic's class paper.
well, not to sound rude or anything, but if someone was to look at the whole picture, its not the unions, companies, or anything else.
the probs started way back ago when the GOV and everyone else that follows decided to float the dollar and the economy on credit, the belief that as many poeple as possible should be middle class and companies should take up a welfare role.
now that is coming full circle and biting everyone in the rear.
it is correct, its not a global economy, its a global labor force. but if you owned a company, are you going to pay $10 an hour, insurance and social security and retirment fund to someone to make ashtrays that sell for 3 dollars? of course not, especially when 2 other competing companies are.
its adjustment time, then the industry will pick back up but do it right this time, no retirement plans, shed overburdening costs, semi-skilled workers making how much? should they? something for industrial america to look at before it goes the way of the dodo.
One thing is for certain, the USA, just like the rest of the world is stuck with this global economy. Some companies are hurting because of competition from overseas and other companies are thriving. In the end, richer first-world countries can't expect to compete for labour jobs against countries with lower wages.
Sad to say but industries like manufacturing and farming may not be sustainable on any large scale in places like the US.
In business you adapt to conditions or you perish. The golden days when we were the world's manufacturer are over and the adjustment will be painful for many. The days when a worker could earn a good living working from the head down is ending and our future requires a skilled labor force to meet the requirements of a global marketplace. In 1970 only about 10% of the workforce had bachelor's degrees and about half had high school diplomas. Today more than 25% of those over 25 have bachelor's degrees and 84% finished high school. We will need the creations of innovative scientists and engineers and the skills of an educated workforce to compete in the global economy. The median income today for those with bachelor's degrees is $42,494 and for high school grads $25,360. The future will not be kind to those that do not prepare for it. To all the young people ...... stay in school.
Dono
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