Most publicly traded manufacturing-based companies in the US will eventually do one or more of the following:
1. Be bought by or merge with another publicly traded US company. CEO's and boards of directors of successful companies see strength in numbers/bigger is better, $$$$$, and an extremely unstable and uncertain future and try to cash out. Take the money and run. Sometimes millions or much, much more is spent to simply buy a successful brand name.
2. Move most or all production overseas. Easier to pay employees less than $1/hour and not have to deal with OSHA, EPA, pay for healthcare, etc.. Easier for US companies to hide revenues from US taxation when mfg. is being done elsewhere, too.
3. File bankrupcy, restructure, screwing over and financially stressing their creditors, or fail totally.
4. Be bought by a company in a foreign nation or a foreign nation disguised as a company. Same "cashing out" "bigger is better/strength in numbers", and "brand name" statements as #1 above.
4b. See #2 above.
There's little or no future for manufacturing most products in the US and little or no reason for US ownership of these companies continuing on this path we're on. Wages and other production costs are too high for most of the world market and constant pressure (and fines) from "regulatory agencies" cause companies large and small to pack up and go elsewhere or throw in the towel totally. Few US manufacturing companies can compete and market their products worldwide. When it comes to the majority of the goods we depend on for everyday life, we are soon destined to be slaves to the world.
Cargo ship captain might be a good job to transition into.
AG
This post was edited by AG in IN at 06:28:41 06/13/13 4 times.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - A Lifetime of Farm Machinery - by Joe Michaels. I am a mechanical engineer by profession, specializing in powerplant work. I worked as a machinist and engine erector, with time spent overseas. I have always had a love for machinery, and an appreciation for farming and farm machinery. I was born and raised in Brooklyn, New York. Not a place one would associate with farms or farm machinery. I credit my parents for instilling a lot of good values, a respect for learning, a knowledge of various skills and a little knowledge of farming in me, amo
... [Read Article]
Latest Ad:
1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
