Quote:
Originally posted by marichiko
Perfect example of what I'm talking about. Take away US jobs and you take away the US market. It doesn't take a rocket scientist to figure out that someone with no job or one in the low paying service industry can no longer consume the products corporate America needs us to buy so their profit margins will continue to look good.
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History does not agree with you. When jobs disappear, then we run up debt to keep buying those things. However you completely miss the villian's identity.
Honda Accord and Civic were the two best selling cars in America. Where did the Honda CVCC engine come from? Ford Motor company where the technology (stratefied charge engine) was stifled for almost 20 years by Henry Ford - a man who did not even know how to drive a car. Where did the Sony Trinitron come from? Philadelphia. Top management saw big bonuses if they sold the technology to Sony. Where was the VCR developed. Top and greedy Ampex management (as a result of their MBA training) realized big bonuses by selling the technology to Japan rather then empower American innovators.
How long do your wiper blades last? If less than one year, then you are probably buying them from companies such as Trico who sell only on costs. Wiper blades every three months - because you keep telling the enemies of American industry to make things cheaper rather than better. A smart Trico executive would have used the long lasting rubber that comes standard on most new cars.
Jobs going overseas is only a symptom - of bad domestic management who cannot even take a risk - innovate. Why is AT&T now nothing more than a circuit switch provider? Why did they abandon virtually every new or innovative part of the communicaton industry? Top mangement was so MBA trained as to only see short term profits. This is the mentality that causes jobs going overseas. Top management that does not come from where the work gets done. Top management who gets there by purchasing politicians (First Energy) rather than innnovate better and new products. The only source of American jobs - innovation. Innovation means top management must come from where the work gets done rather than legally grease the palms of greedy politicians.