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Thread: Profits soar amid mass layoffs

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    Re: Profits soar amid mass layoffs

    Or perhaps there is more going on here, however to consider that means no witty bumper sticker logic.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: Profits soar amid mass layoffs

    Quote Originally Posted by winston53660 View Post
    Or perhaps a consumer driven economy isn't all its cracked up to be?
    that as well. But we have allowed our manufacturing base to crumble, so what are our choices.

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    Re: Profits soar amid mass layoffs

    Quote Originally Posted by washunut View Post
    that as well. But we have allowed our manufacturing base to crumble, so what are our choices.

    Right now we are pretty much tied with China as far as manufacturing goes.


    And if I were to make prediction of the future I do not think manufacturing will be the force it had once been back in the hey day of say like GM.

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    Re: Profits soar amid mass layoffs

    Quote Originally Posted by winston53660 View Post
    Right now we are pretty much tied with China as far as manufacturing goes.


    And if I were to make prediction of the future I do not think manufacturing will be the force it had once been back in the hey day of say like GM.
    So if you believe that then you have to also believe our "middle class" will continue to shrink.

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    Re: Profits soar amid mass layoffs

    Quote Originally Posted by washunut View Post
    So if you believe that then you have to also believe our "middle class" will continue to shrink.

    If trickle downs remains yeah. But not because of a business model changing.

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    Re: Profits soar amid mass layoffs

    Quote Originally Posted by winston53660 View Post
    If trickle downs remains yeah. But not because of a business model changing.
    not sure what you mean by the first part of your answer. As to the business model changing, it changed about 20 years ago when we started moving our factories first to Mexico and then Asia.

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    Re: Profits soar amid mass layoffs

    Quote Originally Posted by washunut View Post
    not sure what you mean by the first part of your answer. As to the business model changing, it changed about 20 years ago when we started moving our factories first to Mexico and then Asia.

    I think trickle down taxation is destructive to the middle class more so than any other factor.

    And as far as the business model changing I'm talking about things like Facebook. A company valued at 100 billion with minimal capital investment employing 2.5k people.

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    Re: Profits soar amid mass layoffs

    Quote Originally Posted by winston53660 View Post
    I think trickle down taxation is destructive to the middle class more so than any other factor.

    And as far as the business model changing I'm talking about things like Facebook. A company valued at 100 billion with minimal capital investment employing 2.5k people.
    The last part is a key reason for wealth disparity. Read Tom friedman's The World is Flat. The average American factory worker has to compete with factory workers all over the world. The capital to build the factories which employ these factory workers will go wherever it can make the greatest return. That is just the way things work. If we want more of a middle class you have to lure capital here.

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    Re: Profits soar amid mass layoffs

    Quote Originally Posted by MrVicchio View Post
    I say rock on for the companies. They are doing what is smart for the business. They don't exist to provide jobs.
    And how long can YOU exist in a land where there is shrinking employment for large numbers of people who can vote

    How long can you pretend that this is not a disturbing trend in which millions and millions of people are simply superfluous and no longer necessary to feed the corporate machine?

    How long can you pretend that companies can embrace technology instead of workers and there is no real future for tens of millions of Americans?

    How long can you pretend that America is not sliding downhill towards becoming a two level society with the rich getting richer and everybody else struggling to just not fall off the damn cliff?

    From the attitude expressed my many right wingers here - I would say one hell of a long time. Too bad this country is going to hell on a roller coaster and the right wingers onsessed with themselves over all others in society are doing their best to grease the skids so the car crashes all the sooner.
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    Re: Profits soar amid mass layoffs

    Quote Originally Posted by haymarket View Post
    From the attitude expressed my many right wingers here - I would say one hell of a long time. Too bad this country is going to hell on a roller coaster and the right wingers onsessed with themselves over all others in society are doing their best to grease the skids so the car crashes all the sooner.
    If only it was that simple. I don't have a real bone to pick with your post except that it is only one sided. On the one side is the arguement that it is cheaper to use overseas labor. That might be true in the short term pic but it's killer in the long term picture. Some of this will fix itself but the idea that success is based only on this years financial statement is destructive. With that, I imagine you would agree.

    To compete though, the middle class (or otherwise known as employee's) are going to have to accept changes that are long term benificial. They do have to accept cuts in many situations so that the manufacturer can better compete with overseas labor. To do that doesn't take the wages they pay in China either. But fighting tooth and nails against any concessions has to stop also.

    When everyone else is accepting cuts it means the government must also. No, simply accepting less in profits will not solve this alone.

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