Posted by WellWorn on May 28, 2017 at 09:02:07 from (64.66.127.214):
In Reply to: China Junk posted by John in La on May 27, 2017 at 18:41:59:
Henry Ford had an idea: pay his employees enough that they could afford to buy his cars. George Eastman had an idea: pay his employees enough that they wouldn't need to unionize to demand "fair pay". There are a bunch of more recent examples where an employer pays their workers quire well, and their business does well because the employees actually care about being part of the company and it's success.
I've also known well paid workers who feel they 'deserve' their pay, just for showing up. Unions haven't helped in that regard.
The base problem is that there is far too much money in the hands of too few, and because those few want to further improve their financial well being, they invest it in stocks. The CEO's of corporations are beholden to their stockholders to make a profit. If making a profit means finding a cheaper way and place to make a product (especially when an ever greater number of consumers can no longer afford a 'premium' product), it's good for their bottom line.
That works at least until nearly all the wealth is in the hand of the very few, and no one else can 'afford' to buy even cheap products, not even the employees who made them for a few cents apiece.
Eventually, when abject poverty becomes the norm for most 'developed countries'; when people are willing to work for 'nothing' because it's better than starving to death, then the jobs will return because there will be no advantage to the corporate overlords to have to pay shipping when slave labor is readily available everywhere.
I'll stick with my old, made in USA tractors, even if the replacement parts are now made in India, or China, or other third world places where keeping old stuff running has been a way of life for ages because they can't afford new. I suppose we as a nation need to get used to it too.
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