What happened when factory jobs moved from Warren, Ohio, to Juarez, Mexico

[nikcers]

Btw, the US still has the best universities in the world, no other place even country even close.

You would think so, but most people I have ever met think they are wasting their degrees, they think they have some magical golden ticket and they aren't getting what they deserve. I think they aren't wasting their degrees, I think they paid a tremendous amount of money for something that they don't need. If stories like this weren't a dime a dozen I would agree with you, our universities are amazing, but for the trillions of dollars we spend on education its a shame.

 

[tod evans]

You would think so, but most people I have ever met think they are wasting their degrees, they think they have some magical golden ticket and they aren't getting what they deserve. I think they aren't wasting their degrees, I think they paid a tremendous amount of money for something that they don't need. If stories like this weren't a dime a dozen I would agree with you, our universities are amazing, but for the trillions of dollars we spend on education its a shame.

All the "education" in the world won't imbue common sense..

 

[nikcers]

All the "education" in the world won't imbue common sense..

If you give someone information, and give him all the information they want but don't teach them how to think then they will never have any.

 

[Brian4Liberty]

So we have a company that basically had a 30 to 1 savings in labor costs. Was that savings passed on to their customer?

The next year — amid an accounting fraud scandal in which the SEC fined several top executives — Delphi filed for bankruptcy.

The company was split off, and within several years, it declared bankruptcy amid an accounting scandal. Sounds like an example of vulture capitalism. Did any of the executives come from the brokerage that did the split? Lot of money to be made on splits and M&A, and a couple of years of bleeding the new company.

 

[Madison320]

I dunno about industries getting worse but some of the policies of the democrats and teacher unions have kept the such industries like teaching alive. Think of what would happen if one allowed the power of the free market and current technology to work its magic on teaching. It would be devastating to the profession. Most teaching would be gone and replaced with by audio lectures. The top 1% of teacher would record their best lectures on every topic imaginable and sell their tapes for huge bucks. The rest of the teachers would be forced to use these tape to lecture their pupil or students would just buy the tapes off the market and skip the schools.

The workers left in the classrooms would be nothing more than babysitters who are there to make sure the students follow through with the audio lectures. This would destroy what is left of teachers but it would also drastically reduce the cost of getting an education. Technology will finally come for those jobs cos the teachers union and the dems can only fight the free market forces for so long.

Some of the old nurses at the hospital tell me how many of the prep. courses used to study for the nursing boards used to be in live classrooms with teachers teaching students but now they come mainly in audio and online classes. The study guide I used was an 14 hr audio tape taken(read stolen) from the internet, saving me and countless others time, gas money and effort in the process. This is what the free market brings

I'm confused. Are you saying that less teachers is a bad thing?

This whole thread is confusing to me. Are you guys saying businesses only locate where there's low wages? That capitalism will lower wages?

 

[timosman]

Btw, the US still has the best universities in the world, no other place even country even close.

maybe at the post-graduate level and I am trying to be gratuitous.

 

[juleswin]

maybe at the post-graduate level and I am trying to be gratuitous.

Why do you think this academic excellency starts at post grad? You do know that undergrad portion have access to most of instructors and equipment used for post grad education. I think people malign American colleges because students are sometimes made to take gender and religious studies.

 

[juleswin]

I'm confused. Are you saying that less teachers is a bad thing?

This whole thread is confusing to me. Are you guys saying businesses only locate where there's low wages? That capitalism will lower wages?

Never said that. The OP is what happens when you take a one sided view of free trade while pretending you covered all sides of the debate.

 

[timosman]

Why do you think this academic excellency starts at post grad? You do know that undergrad portion have access to most of instructors and equipment used for post grad education. I think people malign American colleges because students are sometimes made to take gender and religious studies.

You sound like somebody who never attended an institution of higher learning in this country.

 

[Dr.3D]

And of course, it's easy to forget about the EPA and how it causes job loss in the United States. For many industries, the EPA has made it necessary to buy equipment to scrub the air of volatile organic compounds. These machines are very expensive and add to the final cost of the product.

Of course, it's not necessary to buy those machines where the EPA hasn't made it mandatory. So of course the jobs move out of the country.

 

[LibForestPaul]

No more burger flippers are needed. Most of those jobs are already taken by illegal aliens.



It's not just factory workers who have been outsourced. You aren't keeping up. Equilibrium will be reached when U.S. citizens are living in lean-tos.

You seem to not be reading and watching what is and has been said by the elitists. They say it straight out. The goal is to normalize the economic state of the cannon fodder across the globe.

The elites of every nation state has as their goals the normalization of the economic state of the cannon fodder across the globe.

This. And this is why I think those who voted for trump will be unhappily surprised.

The future of America's middle class is already known, in Brazil, in China, and in Russia.

 

[Krugminator2]

So we have a company that basically had a 30 to 1 savings in labor costs. Was that savings passed on to their customer?



The company was split off, and within several years, it declared bankruptcy amid an accounting scandal. Sounds like an example of vulture capitalism. Did any of the executives come from the brokerage that did the split? Lot of money to be made on splits and M&A, and a couple of years of bleeding the new company.

That's interesting how many of those auto suppliers have had scandals. Visteon went bankrupt which was Ford's supplier. Delphi and American Axle for GM.

And actually David Stockman was a private equity guy who became CEO of an auto parts suppler his firm bought and ran it into the ground. http://www.crainsdetroit.com/articl...o-david-stockman-to-pay-7-2-million-to-settle

 

[Madison320]

And of course, it's easy to forget about the EPA and how it causes job loss in the United States. For many industries, the EPA has made it necessary to buy equipment to scrub the air of volatile organic compounds. These machines are very expensive and add to the final cost of the product.

Of course, it's not necessary to buy those machines where the EPA hasn't made it mandatory. So of course the jobs move out of the country.

That's right. High wages aren't the reason corporations don't want to invest in any particular country. It's usually the high cost of government.