Re: Re: Re: Re: Re: Farmall is Back

Posted by Kelly C on February 27, 2003 at 11:59:33 from (63.171.43.140):

In Reply to: Re: Re: Re: Re: Farmall is Back posted by rustyfarmall on February 27, 2003 at 09:57:52:

Thats not exactly true. Cases can be made that company big wigs make to much. Even if true that does not change the fate of the workers.

A company no matter what the execs get paid is only going to pay the minimum that has to be paid to get a job done. That is by definition their job.

The Textile industry found this out a few years ago. Textiles are now almost excusivly made in underdeveloped countries at a cost many times less than can be goten here.
Is that good or bad?
I dont know. I suppose it is bad for those who were in textiles. It was great for consumers.
Now you could get a pair of blue jeans for $9 instead of $35. Now if you are buying 10 pairs of blue jeans a year. You just saved enough to be able to offord a new computer or what ever.
By adding more money into the economy for other uses. The whole economy grows and expands.

The jobs lost in the textiles are replaced. That is not to say the original worker ended up better.
Maybe he was making $19 a hr and ended up taking a new job paying $10.
But some one else where opertunity was not previosly avalible is now making $25 a hr.

It is fair to say that in the American economy.
The low skill high pay jobs are going away.
Heck even engineers are feeling the pinch now.
Cad engineers used to be some of the highest paid
people in the country. Now that work is shipped out to India over the internet for $10 a hr.
Before the Cad guys I bet it was the Model makers that were making the big bucks. I bet the model makers were pissed the cad guys were taking their jobs.

This prosses is the same as it has been for 100's of years. The guys making buggy whips had to find something new when we quit buying buggy whips.
The main diffence is that the changes happen very rapidly now. A decade of change now is equal to about 20 or 30 or more years of change before.

That knowledge is not comfortable. If all you wanted was a good job that you could work at for 25 years and feel secure. Good luck! That 25 year window is now compressed to 5 to 10.

So to survive in the new world. You need to be educated and above all flexable.

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