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 ...
What truth? Jesus said, “I am the truth, the way and the life. That truth?
Jesus?
Never mind. See the tagline.
That exploitation and unjust profits are marxist canards? I think that's what I was saying. I heard their gripes a lot -- a lot -- in school. Ugh. Very tiresome. And then they would mix it up with the black underclass, and since Marcuse ... Anyhow, a man can't agree or disagree with mute fish.
Right, you have no clue. No surprise here.
And who do you think will end up paying for that big, fat, import tariff? Every US, independent, farmer who is trying to remain competitive with corporate farming. They will try to pass those increased costs onto US consumers via higher prices. Think it though.
Tariffs are not the answer.
I’m sorry, but you have an incredibly charitable view of human nature to assume private individuals (or private companies) are not susceptible to the vice of avarice.
An immoderate excess of “self-intrest” is destructive, be it public or private.
Wow. Farmers sell their product to other Americans. The tariff doesn't apply to them. I think at heart most Free Traitors™ such as yourself, are made stupid by blind greed uber alles.
The bean counters of John Deere will kill the company. The ceo and board directors and other higher ups will make millions doing this while the company falls apart.
I believe this guy below is right about the union costs.
My first job was at a place that had the Teamsters and you could not do any other job without layers of union reps and plant reps approving.
Tom (Yahoo article on this)
maybe those Union work rules were a bit much. they are not eliminating the jobs. they are moving them to where a machine operator on the line cannot change a light bulb, the line must stop until a junior electrician comes to verify the lightbulb needs to be changed retrieves one from the storeroom and waits for a senior electrician make it to the location to install the new lightbulb then production can begin again. The process usually takes forty-five minutes, while the entire plant is at a standstill. Union, YES!
The only winner in the deal is the gov't which collects the tariffs but provides nothing in return.
I never said that. I said that the most greedy (using your definition above) entity in existence is government and its bureaucracies with their voracious appetite for legal larceny of your money and your freedom. Unconstitutional governmental interference in the marketplace is like putting wolves in charge of the henhouse. The answer in the marketplace to fallen man's greed is not the worse choice of gov't, but the open competition of free enterprise.
The Left has sold you a bill of lies that legitimate and healthy self -interest is the same as overblown "greed" that lies at the feet of financially successful business and businessmen. Although greed is often present, self interest and greed are simply not the same thing.
What makes the world go 'round is legitimate God-given self interest. What keeps you reaching for rat poison for dinner? Self interest. What causes you to work hard to support yourself and your family? Self interest. Even doing things for others is guided by the good feeling you get from doing so. Again, self interest.
Government's greed is forced upon you. In the marketplace free from gov't interference, no one's forcing you to do anything. You are free to reject the greedier players and are free to chose from whom you want to do business. And in the open competition of free enterprise, over time, the greedier players tend to lose to the players with lower prices and better quality. The consumer wins in the free market which is freedom in action.
As I said, freedom isn't perfect, but it's way ahead of whatever's in second place.
Good. Consumption taxes that promote domestic industry and raise revenue that can offset income tax rate reductions IS A GOOD THING!!! YES!!! MORE AND HIGHER TARIFFS PLEASE!!!! I WANT TO PAY. TARIFFS CANNOT GO TOO HIGH.
Unlike your income tax tariffs are easy to avoid, don't buy, dont pay. Instead save up your money and buy a quality Made in the USA product instead.
PS Global boi, I am not a consuming insect with no brains and the sophistication of gnat. I am a patriot. I've seen the damage you economic traitors have done to the USA. Basically the anti tariff Free Traitor™ crowd are defacto supporting taxing the sweat of our brow and making US workers compete with turd worlders for wages.
I predict it will get very hot for you one day. You will have a lot of company. Free Traitors™ are the scum of the earth...
I guess the ancient Egyptians had the real deal. Or maybe the Chinese--are they economic nationalists?
If "turd" world countries can sell cocoa in the US for half what it would cost the US to produce it and the cocoa workers in the US constitute 10,000 employees, which is better for the US: 330 million chocolate users buying products at $5/lb or having them pay $10/lb to benefit only 10,000 employees? That works out to a subsidy of $166,500 per worker that you've just shoved onto the shoulders of the consumer. You have no understanding of Comparative Advantage.
Talking to you is like trying to educate a rock. No more time wasted talking to rocks...you're not worth it.
Who said self-interest can’t be “legitimate and healthy”?
Not you. Why do you ask?
Your initial post to me.
The stock price of John Deere is $383. That means each share holder got $8.00 for his investment. 23 Billion sounds like a lot but is divided between a lot of people.
Does it then follow that if JD’s market cap doubles the shareholder will also double their unjust greedy gains to $16?
We can make evrything we need in the USA. IF forced to, the regulations will be removed.
Cocoa, really? I am talking about hard core durable goods not beans....
Fury as one of America’s oldest companies slashes jobs in the Midwest as it shifts work to Mexico: ‘It’s greed’
6/30/2024, 2:34:03 PM · 238 of 239
aspasia to JAKraig
Does it then follow that if JD’s market cap doubles the shareholder will also double their unjust greedy gains to $16?
____________________________________________________________
I don’t think I would invest $400 to get a return of $16.
I don’t consider myself greedy but would never consider 2% return a worthwhile investment. Yes there is also rising value of the stock but that just helps to keep up with inflation.
Banks are paying up to 5% for CD’s right now, would you consider that greedy. Inflation, as stated by government entities is about 8% but in reality is closer to 20% so at 5% I lose money on a CD because it doesn’t increase in value. I have put some money in rental real estate. An example would be a single family house. Current value about $200000.00 rents for $1200 per month or 14400 per year. First glance would say it is much better than CD because return is about 12%. That is however not realistic since the local government charges me about $1500 per year taxes and Insurance is about the same. Most years there are some expenses for upkeep but we’ll ignore them for now, so about $11,000 a year or about 5-1/2 percent but the value of the house appreciates so it is actually much better than a CD, still way more than John Deere stock.
John Deere is not in business to help farmers grow their crops or to help people in their factories live the good life. Because they make a profit though they can do those things. If John Deere starts making less profit, then their stock value will go down. Sure the employees at the top make good money but if they let the dividends fall much lower than they are now they will get fired. If they can make enough profit to keep the stock owners ahead of inflation then they deserve every penny they get.
I don’t blame them for trying to get a better return on their money.
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