Posted on 06/29/2024 9:49:57 AM PDT by DFG
John Deere is sparking outrage by laying off American workers and moving more of its agricultural equipment manufacturing to Mexico.
Since October 2023, more than 1,000 John Deere workers have either been laid off or pushed into an early retirement across several plants in Iowa and Illinois.
In many instances, production that these US workers were responsible for has been shifted to new locations in Mexico. The company was founded 187 years ago.
More layoffs are expected later this year - despite John Deere raking in over $10 billion in profit in 2023 while also paying CEO John May $26.7 million in total compensation.
A longtime John Deere worker at the Harvester Works plant in East Moline, Illinois, told The Guardian it comes down to one thing: Greed.
'We get wind of more layoffs daily, it seems, and it's causing uncertainty all over,' said the worker, who stayed anonymous for fear of retaliation.
'The only reason for Deere to do this is greed.'
(Excerpt) Read more at dailymail.co.uk ...
Maybe, but Maxism/Communism is a horrid death sentence. Or do you disagree?
Capitalism + nationalism = prosperity OTH Capitalism + globalism = becoming a 3rd world nation
Ignore my last post. We clearly are on the same page. Just a slight misunderstanding.
I hope you're kidding.
Regulating the marketplace or the economy is not a power the Constitution delegated to the feds despite the utter wresting of the Commerce Clause by the Left.
The greatest economy the world has known is the Free Market Economy which after its 100-year run made America in the early 1900's the greatest, most powerful, and wealthiest nation in the world, the average individual being better off than the average individual anywhere else in the world.
Free Market, but to the benefit of the nation as a whole, not to the Foreign Multinationals.
Oh, to add: over taxation and over regulation of the US is INTENDED to serve the interests of globalism IMHO.
PS Sorry for the repeat in my last response. Using an iPhone and sometimes goof it up a bit.
Rush Limbaugh was controlled opposition.
What’s funny is that a lot of Freepers hate unions because the members are “overpaid”. The fact of the matter is that union wages have kept up with the ACTUAL and REAL rate of inflation. Non union wages have not. That’s why union members can still afford things that the typical American used to be able to afford, like a new car, owning a home, sending their kids to college, traveling, etc. Non-union workers have to compete with 3rd world peons and H1B cheap labor, so their pay also declines to 3rd world standards.
Before globalism, all Americans were “overpaid”. That’s why we had the highest standard of living in the world. Limbaugh convinced his army of useful idiots (ditto-heads) that this was a bad thing. That for some reason, American workers need to compete with 3rd world peons and communist Chinese slaves. The end result is that America has been reduced to a 3rd world sh*t hole and we ended up funding the industry and military of our #1 enemy.
The greatest economy the world has known is the Free Market Economy which after its 100-year run made America in the early 1900’s the greatest, most powerful, and wealthiest nation in the world, the average individual being better off than the average individual anywhere else in the world.
When American companies were still “American”. That ship has sailed.
Yeah, and Iowa is a right to work state.
T would opine that the EPA played a big role in the decision.
The greatest economy the world has known is the Free Market Economy which after its 100-year run made America in the early 1900’s the greatest, most powerful, and wealthiest nation in the world, the average individual being better off than the average individual anywhere else in the world.
Another reason for that were those little things called WWI and WWII.
It wasnt broke so you fixed nothing. But making your point is more important than being correct about my company.
Like I said, not a dime’s worth of difference between Clinton and Mr. “Read My Lips”.
Actually Article I, § 10, clause 2 basically means the US can control imports/exports and also use tariffs. That's a lot of power that can be used in the US's interest. Trump actually did some of this. Biden of course undid all of Trump's actions.
Also, imagine if we had decided in the early 1920s to offshore our steel production to Japan, when we were still technically allies.
It’s also a matter of national security.
BUMP! Nothing runs to Mexico like a Deere.
The laws of economics like the physical laws of gravity don’t “sail” away. They remain whether one regards them or not.
Because most nations are run by some version of a command and control economy, most nations break the laws of economics and their citizens are relatively poor and dependent.
Until recently, America was the exception. Contrary to the widespread confusing of politics with economics, the Free Market Economy is apolitical because by definition it is the voluntary cooperation between buyer and seller in their own self interests without government interference.
Everybody except maybe politicians win with the free market economy. It is as Adam Smith wrote about 250 years ago, “The Wealth of Nations” essentially prophesying what was about to happen in America.
Perfect! I think that may become an Internet meme...
You can keep foreign companies out while still preserving all the advantages of a free market economy.
You assume that multi-national companies doing well, means the country does well. Look around, and see that is clearly not the case.
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