Posted on 09/21/2023 8:20:26 PM PDT by Rattlesnake_Snook
Once the initial investment in China had been made I can see why CEOs might opt to save money by using Chinese contract manufacturing. But what drove the initial investment? If it wasn’t labor costs, then what does that leave. Environmental regs? Was it mainly enviro regs and energy costs that drove it?
Being color blind is racist, y’know ... at least according to the Democrat/Communist Party, the party of historical and modern day racism.
They look real upset about it.
On the video it looked like the driver was white!! I’m actually relieved my race wasn’t involved!!
And since the bicyclist was white, it Should also be a hate crime!!
Prisoners always like it when young bitches arrive now they get to know what hard time means.
IF they get sent to prison in ELY, Nevada, they might not live long
Use a .44—a .45 or a .50 caliber
Yep you are right. I guess my eyes played tricks on me and my gut feelings. ( Or some funny business was going on with the video lol.)
The truth is, nobody wants to be labeled a racist, so most normal people will avoid making a declarative statement about these kinds of things. I often do.
But the nature of certain crimes is nowadays almost the sole province of either hispanics or blacks. Violent carjacking is one of them.
As are things like this.
Now a days, and for a long while in the past, according to some sages, everything and anything is racists [whatever that is] The rocks are racists, pencils are racists, pens are racists, cars are racists, trucks are racists, the grass is racists. It is just the White man holding the Black man down.
Absolutely, the “charge of racism” is a Leftist tool, and they utilize it as such.
They fully understand the power that has over normal, decent people, and use it effectively to stifle discourse and free speech.
From reading I take the consensus as being most criminals who commit murders do not reflect upon their potential punishment if caught. They stereotypically assume that they are special and will never be caught or will get off if they do. I realize this agrees with the anti death penalty crowd. I support the death penalty only much faster paced. And I rest my case that if that particular criminal is executed then that particular criminal won’t re offend.
“But what drove the initial investment?”
Financial engineering. CEO pay in the 1950’s and 1960’s was primarily cash compensation - a base salary and a performance bonus. CEO’s made about 7 times the annual compensation of an hourly employee.
By the 1990’s CEO compensation was exploding, driven by stock option grants. Increase the stock price and the impact on stock option value is incredible. Give an executive a grant for 100,000 shares at today’s price. If the price of the stock is $10.00 per share higher a year from now, the prior year option grant is worth $1 million if exercised. The CEO receives new grants every year. For example Alec Bourla, the CEO of Pfizer has an annual compensation package of $1.75 million in salary plus $23 million in short and long term equity awards (stock options and restricted stock).
How does a CEO increase the stock price. He focuses on increasing earnings per share (EPS) because the stock price is a market assigned multiple of earnings per share. How to increase EPS? Increase earnings and/or reduce the number of shares. Outsourcing allows the corporation to increase earnings by reducing production costs (replace old inefficient plants with new contract factories with lower labor costs). Contracting production frees up capital (i.e. cash) through the selling of domestic factories, machinery and real estate. That freed up capital (cash) was often used by management to buy back the company’s stock on the open market. Stock buybacks reduce the number of shares of stock outstanding which in turn raises earnings per share. Combine the two and management can produced several consecutive years of accelerating EPS and therefore significant increases in the market price for the stock.
The average corporate CEO in the US has a term of about 3 1/2 years. Pop the stock price for 3-4 years by outsourcing and buying back stock and a CEO can increase his or her net worth by tens of millions of dollars in that period.
Investment banks also win big. They participate in asset sales by making loans to buyers of discarded assets. They receive commissions on purchases of stock by companies.
No doubt, but when this was happening, we could have sent them a message by choosing the companies that worked here over the companies that outsourced. We could have saved the blue collar middle class by choosing them over Chicom slave labor. After all, it's simple economics that sending manufacturing out of the country doesn't increase profits. It reduces the cost in making those products, but the profits don't come until the products are sold. If we had chosen our own workers instead of Chicom slave labor, the companies that outsourced wouldn't have made any profits, while the companies that made stuff here would have.
But we were equally shortsighted, choosing to save a few pennies over buying made in the US. We accuse the company executives of being greedy, but we made the exact same choice for the exact same reason when we chose products made by Chicom slave labor over those made by our own middle class.
Now that so much has been outsourced, the greedy company executives can raise their prices to maximize their profits without fear of driving buyers back to what little is still made in the US.
Okay, got it — thanks for elaborating on that.
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