Let's fill'er up folks...
Posted on 02/12/2016 11:41:38 AM PST by xzins
Edited on 02/12/2016 3:19:04 PM PST by Jim Robinson. [history]
Excerpt:
In a move guaranteeing that 2,100 workers will be out of a job, two Indiana plants have plans to move operations to Mexico.
The companies, who make products for heating, ventilating and air conditioning (HVAC), will begin layoffs within the next two years.
Carrier Corp. said it would shutter its Indianapolis plant employing 1,400 workers and move its manufacturing to Mexico. The plant's workers would be laid off over three years starting in 2017.
United Technologies Electronic Controls (UTEC) also announced Wednesday that it will move its Huntington manufacturing operations to a new plant in Mexico, costing the northeastern Indiana city 700 jobs by 2018. Those workers make microprocessor-based controls for the HVAC and refrigeration industries.
Pretty soon Mexico is going to have to put up a wall to keep Americans from going there to take their jobs back.
The Michigan Economic Development Corporation announced on Wednesday that the Michigan Strategic Fund has approved the funding of three business expansions and three community developments in Michigan. Combined, the projects are expected to generate more than $13.6 million in investment and will create 335 jobs throughout the state.
http://upnorthlive.com/news/local/largest-particleboard-mill-to-be-built-in-northern-michigan
Largest particleboard mill to be built in northern Michigan
“Today 40% of all businesses labor costs here in the US is due to regulatory compliance”
Wow. I knew it was high but I didn’t realize it was that high. Even with a lot of natural advantages we still have over competing nations, such as infrastructure, etc. that’s still a huge handicap to have to overcome.
The execs at Carrier were asked to name specific regulations that were causing them to move off shore and they couldn’t name any.
That is the beauty of trade tariffs. That cut the crap instantly.
Bottom line...We get the SHAFTA.
Patriotism ends at the wallets edge.
Rush pushed for NAFTA like crazy.
Thanks for the info. I’m not specifically defending Carrier in this instance. I don’t know enough about the specific circumstances, but just in general wanted to point out that the company is not always to blame in such cases. Sometimes they have little choice.
Free Trade™ recommended by Marxist everywhere.
I replaced a micro wave oven that I inherited that was built in the USA in the 1980s. It finally died two years ago. Since then I have had to replace my Japan built(Chinese parts) micro wave twice.
LOL, I thought that I was the only one that could not find a decent 2 slice toaster.
This is misleading propaganda. Manufacturing labor costs are a small part of the overall retail price of any manufactured good. It averages between 6-8% of the retail unit price. So 40% of 8% is 3% of the retail price. 3 cents on the dollar. You cannot trust a thing any corporate exec tells you. They are paid to lie.
In a just world the executive that delivered that speech to the gathered employees would have left in an ambulance.
I agree, and they're trying for more of the same, if not worse with the TPP and other pending agreements.
You said you were young during the NAFTA debate. The public opposed NAFTA by around 65% or more, and its supporters could not get it through the House until several congressmen were bought off with special consideration for business and ag interests in their districts.
Here is a fairly short article from 11/18/1993 about the NAFTA passage and some of what it took to get it passed.
House Approves U.S.-Canada-Mexico Trade Pact on 234 to 200 Vote, Giving Clinton Big Victory
Nothing brings out the Uniparty forces like one of the big globalist trade or immigration deals. I can recall back to the late 1950s and recall no legislation that brought out the full court press like the NAFTA debate.
3% of the retail price doesn’t tell the whole story. 3% of the retail price may still represent 40% of the manufacturer’s costs. The markup once it’s sold is a separate issue and out of their hands. Just to reiterate, I’m not defending Carrier in this instance. They may be leaving for all the wrong reasons. Just pointing out not to loose sight of the fact that companies sometimes have legitimate reasons to move if they want to survive. That reality also needs to be dealt with by our government.
Ballsy move considering Trump is going to win. Pretty in your face if you ask me. I hope Trump slaps a hug tariff on all imports.
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