To: sarcasm
Much of the work will be transferred to an existing plant in Iowa and a plant to be built in Reynosa, Mexico, which will employ 500 people. The average worker at Galesburg makes $15.14 an hour, while workers at Reynosa plants make as little as 58 cents an hour.America is on a downward spiral of standard of living. It is inevitable. More unemployed American workers chasing fewer jobs and competing against slave wages worldwide mean we are going to descend to wage levels of third-world countries.
It won't matter how cheaply we can buy a house, car or household goods. We simply won't earn enough to make the payments. That is exactly the fate of the 58-cent-an-hour Mexican worker. We will share that fate.
Competing against the labor costs in countries where people pee in the streets, live in cardboard boxes and have no government regulation of labor or safety means WE are probably headed toward similar poverty.
To: NoControllingLegalAuthority
That loss of purchasing power is going to be a major factor that contributes to deflation just as in the Great Depression. The economists in their narrow field of vision focus on the prices of goods. They seem to forget the innate desire to purchase a product for the lowest price. When you go from making a middle class salary to something much less you do without or buy the cheapest that you can find.
The corporate execs are embracing a short term strategy that will bite them in the ass down the road. Of course by that time, they've moved on or retired.
53 posted on
05/18/2003 8:17:50 AM PDT by
meatloaf
To: NoControllingLegalAuthority
"Competing against the labor costs in countries where people pee in the streets, live in cardboard boxes and have no government regulation of labor or safety means WE are probably headed toward similar poverty."
Watch out, you will now be pounced on by a horde who will inform you that we are much better off by sending all our manufacturing plants to other countries.
60 posted on
05/18/2003 10:10:11 AM PDT by
RipSawyer
(Mercy on a pore boy lemme have a dollar bill!)
To: NoControllingLegalAuthority
It won't matter how cheaply we can buy a house, car or household goods. We simply won't earn enough to make the payments. That is exactly the fate of the 58-cent-an-hour Mexican worker. We will share that fate.In Mexico they can buy used wooden pallets and some other scraps and use those for their homes. They have squatters rights also so that helps the cost of living quite a lot. How can the American worker possibly compete with someone who can get by nicely on $50 a week? Even if you tried they'd condemn the house that would get you and take your kids away.
61 posted on
05/18/2003 10:31:02 AM PDT by
FITZ
To: NoControllingLegalAuthority
I've got the solution. Why don't we just annex Mexico? It has a shorter southeastern border to control than our southern border. And we're already annexing the Mexican people anyway. This'll be complicated. But it'll work, I'm sure. Then we can annex non-Francophone Canada and turn the Francophone parts of Quebec into a massive bombing range.
69 posted on
05/18/2003 10:56:07 AM PDT by
dufekin
(Peace HAS COME AT LONG LAST to the tortured people of Iraq!)
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