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irishpat
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High prices for gas guzzling vehicles getting the same mileage cars got 20 years ago.Arrogant sales people and warranties that don't cover squat and now they are hurting. As usual they will blame labor for all this even though the top heavy management is grossly overcompensated.I was raised a G.M. man but would not buy one now because of poor quality and low fuel mileage .They brought this on themselves and they know it.
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jeffro
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Well it is more complicated than that irishpat. The US. just buried the world with progress. Now as other countries emerge from the stone age, they work for less and we can't compete. Our standard of living is just too high to compete globally to make anything. We are non-competitive. China is now the worlds ship building capital, steel making capital and manufacturing capital, just as we were at one time. They have the capacity to supply everything the world needs three times over. American corporations saw a global market emerging and seized it. The US. is under 5% of the worlds population, China and India are 50%, who would you want to sell to? So you go where the emerging markets are. We have been abandoned by American corporations, the government has been doing all it can to keep Americans employed by putting their salaries and creating contracts to provide jobs on their credit card. We are now coming to a new world order and when this implodes we will have to find out where we will be in the order. The world doesn't need us anymore. China will supply everything the world needs. We were just consumers that bought stuff on credit. It will be interesting to see what we will do. I have no idea, take away government spending and we have no economy at all. The government now owes more than it can ever re-pay so I don't think they can employ the nation much longer.
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irishpat
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jeffro wrote: Well it is more complicated than that irishpat. The US. just buried the world with progress. Now as other countries emerge from the stone age, they work for less and we can't compete. Our standard of living is just too high to compete globally to make anything. We are non-competitive. China is now the worlds ship building capital, steel making capital and manufacturing capital, just as we were at one time. They have the capacity to supply everything the world needs three times over. American corporations saw a global market emerging and seized it. The US. is under 5% of the worlds population, China and India are 50%, who would you want to sell to? So you go where the emerging markets are. We have been abandoned by American corporations, the government has been doing all it can to keep Americans employed by putting their salaries and creating contracts to provide jobs on their credit card. We are now coming to a new world order and when this implodes we will have to find out where we will be in the order. The world doesn't need us anymore. China will supply everything the world needs. We were just consumers that bought stuff on credit. It will be interesting to see what we will do. I have no idea, take away government spending and we have no economy at all. The government now owes more than it can ever re-pay so I don't think they can employ the nation much longer. Please Jeffro; that was a nice sermon but we were talking about G.M.and their stock price.They have for years blamed all their problems on labor but in the mean time Honda, Toyota and several foreign companies manage a nice profit building cars of quality here in the U.S. I certainly don'y dispute your other points but in fact the big three have problems that were in existance long before we saw the emergence of a global economy.American workers were blamed for years for all problems encountered by the manufacturing companies and we can't compete anymore with cheap overseas labor.However the problem was made worse by our auto industry and shipbuilders among others who wanted to take advantage of cheap labor and steel.On top of that they started cutting corners with quality and now find the American public no longer has any loyalty to them.This in addition too the problems you pinted out make for a bleak future indeed.
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jeffro
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Well you obviously have no knowledge of the American labor industry. The American Auto industry can't compete and must cut corners because our industries have too many workers retired and not enough working. Japanese companies do not have to pay out anywhere near the compensation American companies do and this enables them to build better cars and open up factories in the US. This is why the companies have switched to the labor unions taking care of retirement. If I have 20 retired painters I have to take care of each week and ten working and you have eighteen working and two retired I can't compete with you unless maybe I water down the paint and skip a few things. This is called non equalibrium in the competing sectors. The foreign markets are way behind in evolution and that is why they will always have an edge and we can no longer compete globally. They have no retirees, they are new industries to their countries.
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Steve
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"We can no longer compete globally" - What a said view on competition. I would respectfully suggest you spend a minute or two reading Porter's views on nations, I am not sure you would feel so defeated. "No Longer" is a very strong sentiment. Adjustments must be made...yes...no longer compete...that is a very said perspective.
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irishpat
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I have worked in the labor sector for 38 years.Unions are taking care of the administrative end of retirement and medical care, not all the funding. You are a typical "know it all" who feels he has all the answers. The problems facing G.M. are not the same ones facing every other industry.American workers have made concessions for years but I have never known a CEO to do likewise. We see executives runnng businesses into the ground and getting a golden parachute.Labor depends on sound decisions from people who are worried about their own portfolio and not the continued ability to produce a world class product or company.I'm afraid your views are too typical of Americans who sit behind desks and have never produced a thing but hot air.
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