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To: oldirtybastard who wrote (276423)2/5/2004 2:00:06 PM
From: who cares?  Read Replies (1) | Respond to of 436258
 
Ties in with this one

11:50 *BERNANKE SAYS COMPANIES HAVE `REMARKABLE' PRODUCTIVITY RECORD

Yes isn't it amazing how companies can make even more money by firing 10k people here and hiring 15k people somewhere else for 1/8th the cost ao productive with their capital. Of course there are risks to this strategy. For instance companies won't be able to blame a rocky quarter on pension issues or rising health care costs, since they won't be paying that stuff to all those ferners.

Personal note, I know a guy that knows a guy that's worked at a factory in the south since it was built around 1970. It was built because labor was cheaper than the northern factories and there wasn't as much EPA red tape. For 25 years this factory didn't outsource. Send it some cold rolled steal, paint, wire and some switches, and out would come air conditioners and heaters. The factory also had a pond out back that would turn the most exotic shades of blue and green from time to time. The factory now gets at least one of it's parts from Mexico that it used to make itself, because to make this part required the use of some nasty solvents, and a few of it's workers that did the job for a decade or so just happened to develope cancer, and got a big payout(which they probably put in the market). The EPA finally cracked down on the disposal of this stuff, so it got to be cost prohibitive. Now they get that part from Mexico, and let them have the pretty water and cancerous workers. Eventually they will move the factory, though the workers don't think so. "That's just a line the company uses during salary negotiations." Yeah it is, until it isn't.



To: oldirtybastard who wrote (276423)2/5/2004 2:02:47 PM
From: Dr. Voodoo  Respond to of 436258
 
I thought "luxury to be patient" topped that one easily.

Now somebody has to write a memo and pin it to Greenie's chest telling him not to leave out the word "luxury" the next time he gives goes out in public.