Michael,
You make some excellent points. My view was from one of
frustration.
Getting caught in the decline of the middle class in this country is
unnerving, and
is an insult to all that came before us.
I do understand that the stockholders own a company. Help me understand how
Enron, Worldcom, Arthur Anderson etc can happen? The problem is that
executive contracts
are written so that there is no incentive to make a company profitable.
Even if a company
tanks, the executives walk away with millions. Executive compensation must
be tied
firmly to performance, and that still isn't happening at a majority of
companies.
And, you're right on job transition. We'd better start doing soon, or there
will be no
customers here. Move too many jobs offshore, and as unemployment rises,
sales here
will go down.
Jon
At 09:44 AM 7/23/2003 -0400, you wrote:
>I understand you frustration but you simply do not understand
>economies. You have conflicting references in you statements. You
>stated that the corps want only to s**** the "stockholders" and then
>later you state that they should be terminated if the stock goes below a
>stated value.
>
>What you fail to understand is that the stockholders "own" the company
>and if they do not make a good return on their investment they will
>'bail' and the price of the stock will fall and if it falls enough they
>will not be able to secure loans to meet day to day expenses. That
>would simply result in default on notes and eventual bankruptcy and the
>elimination of many jobs. Now,, in order to keep their stock prices
>attractively high, they need to make a profit and that is the catch22.
>In order to make a profit in a competitive society they need to buy low
>and sell high ( in simple terms) and a large part of that price is the
>cost of labor. If others in the community are using lower priced labor
>then they will loose a competitive edge on prices if they do not follow
>the same procedure for lowering prices (ie offshore labor).
> What is happening internationally is that all economies are seeking new
>levels in their standard of living based on current and future economic
>realities. As the rest of the world raises their standard of living for
>their workforce, the wages will also raise. At the same time our
>workforce is going through a downward trend in terms of wages. These
>two will meet, and establish equilibrium and jobs then will be more
>equally distributed. This will not be fast, just the opposite.
>
>Sorry to say it but we in for a lifetime of difficulties as far a jobs
>and wages are concerned. My suggestion for those of you who are
>approaching total frustration is to find a career that is immune to
>offshore piracy. Look to those things that are done locally that cannot
>be done offshore. Nurses, teachers, all the building trades, or look
>at starting your own business. The service industry is still growing.
>We need people who work with their hands. Oops bad word. Work with
>your hands.
>
>How many "white" guys do you see in the fields picking crops? None.
>They are all south of the border workers and if it was not for them we
>would go hungry and the grocery stores would be empty of produce. My
>hat goes off to our south of the border workforce. I have seen them toil
>for days making wages that we would never settle for. We would not be
>caught dead picking tomatoes... Or would we? I doubt it. Actually to
>eat, I would pick tomatoes. Would you?
>
>I am afraid we have gotten ourselves into the mindset of only wanting
>the cleanest and best paying 'jobs'. And they are disappearing. This
>is a new world folks, get used to it.
>
>
>Time to end this diatribe on economies,,
>
>Michael C. Rock
>Systems Analyst
>Registered Linux User # 287973
>
>"The time has come the walrus said to speak of many things,,"
>"Christians give up what they cannot keep to gain what they cannot lose"
>
>
>-----Original Message-----
>From: slug@nks.net [mailto:slug@nks.net] On Behalf Of Jon Maguire
>Sent: Wednesday, July 23, 2003 8:50 AM
>To: slug@nks.net
>Subject: Re: [SLUG] I.B.M. Explores Shift of White-Collar Jobs Overseas
>(lengthy)
>
>Declare CEOs and other executives "economic terrorists". Since there
>avowed
>goal
>is nothing but self enrichment (s***w the employees, stockholders,
>customers), they
>need to be "eliminated", before they finish their destruction of the
>economy. CEOs should not be allowed to make more that 10 times the
>highest
>wage. And, they should have in their contracts that they should be
>terminated *without* further compensation if the stock goes goes down by
>
>x%. No more golden parachutes. Too bad this won't happen in our
>lifetimes.
>
>Jon
>At 07:03 PM 7/22/2003 -0400, you wrote:
> >"During the call, I.B.M's top employee relations executives said that
> >three million service jobs were expected to shift to foreign workers
> >by 2015 and that I.B.M. should move some of its jobs now done in the
> >United States, including software design jobs, to India and other
> >countries."
> >
> >Enough already of this crap! This is pouring money into the toilet!
> >
> >We have over 8 million unemployed right now this will not end till
>someone
> >with a voice loud enough can say stop it!
> >Which will never happen people have to take a stand.
> >
> >B.P.
>
>Jon Maguire
>w1mnk@tampabay.rr.com
Jon Maguire
w1mnk@tampabay.rr.com
This archive was generated by hypermail 2.1.3 : Fri Aug 01 2014 - 19:44:08 EDT