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The Water Cooler
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Minimum Wage - the fallout!
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<blockquote data-quote="TedKennedy" data-source="post: 2846530" data-attributes="member: 25419"><p>I'm sure you already know this, if you don't - there's plenty of documentation of the widening gap between corp pay vs worker pay. When the corp can ship manufacturing overseas, bring goods back to U.S., sell them at skyrocket profits, more money goes straight to the bottom line - very little has to be re-invested or spent on wages/benefits. That's why you see "golden parachute deals for execs who orchestrate such deals - the owners are more than happy to pour a good chunk of money into a handful of execs who will make them tons of cash, rather than spend it on wages of a large American-based shop. Frankly, the "golden parachutes" are a fortune to an individual, but spread over an entire production operation, it wouldn't amount to much. </p><p> Most Americans are not bright enough to realize we're sinking our own ship, and think the Chinamart goods are a great bargain....the cost is starting to show now, and it's going to get worse if we don't change. I still like the "blame the unions" mantra, though, it makes it easier to identify the real deep thinkers. I'm still trying to figure out why the execs that signed those evil union contracts aren't being blamed.....</p></blockquote><p></p>
[QUOTE="TedKennedy, post: 2846530, member: 25419"] I'm sure you already know this, if you don't - there's plenty of documentation of the widening gap between corp pay vs worker pay. When the corp can ship manufacturing overseas, bring goods back to U.S., sell them at skyrocket profits, more money goes straight to the bottom line - very little has to be re-invested or spent on wages/benefits. That's why you see "golden parachute deals for execs who orchestrate such deals - the owners are more than happy to pour a good chunk of money into a handful of execs who will make them tons of cash, rather than spend it on wages of a large American-based shop. Frankly, the "golden parachutes" are a fortune to an individual, but spread over an entire production operation, it wouldn't amount to much. Most Americans are not bright enough to realize we're sinking our own ship, and think the Chinamart goods are a great bargain....the cost is starting to show now, and it's going to get worse if we don't change. I still like the "blame the unions" mantra, though, it makes it easier to identify the real deep thinkers. I'm still trying to figure out why the execs that signed those evil union contracts aren't being blamed..... [/QUOTE]
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