Quote:
Originally posted by Moneyguy1
if one examines why we, in the US are at a disadvantage in manufacturing, one only has to look at the emphasis on dividends to shareholders in lieu of technological improvements and plant renovation. Tell me....where is the steel industry located now?
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This has to be in the top ten of "most insightful statements" made in OT.
Toyota, arguably one of the biggest success stories in the automotive industry, focuses on reinvesting in itself and product developement rather than catering to share holders. While maybe not the most popular business ethic for those who want to get in low and out high, it has proven a solid formula for long term success. If only the big three would do the same and think about top end instead of bottom line.
FWIW-my comments on the union are directed at the union management in general and not at the union membership. I do not believe that tradesmen are overpaid, more that the union is too far into the tradesmens' wallets. I also believe that here in America, supply and demand should dictate wages, not a picket line or strong arm union intimidation.