Ports full of boats both coasts being denied entry...
(twitter.com)
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Damn good lesson. Except even domestic products are even more expensive lol.
Ask yourself this question: why are domestic products more expensive? Would they be more expensive if businesses acted ethically, and not acting the way the big mega-corporations are today?
If you didn't have multi-millionaire and billionaire owners and corporate heads, goods would probably be a lot cheaper.
Sounds an awful lot like a Bernie Bro talking point.
Tons of small and medium businesses act ethically and barely break even, yet still have a higher production cost than China.
Try looking at government regulations that overreach and a ridiculous tax structure that nickel and dimes every step of trying to run a business.
My point is, profits should not end up in the pockets of only the top management. The guy on the line works just as hard, if not harder than the guy at the top. He should also reap the rewards when his company does well. Likewise, if you've got that much money left over, perhaps you're overcharging your customers, as well.
I worked for a company for many years. We always got the same "merit" raise. It didn't matter whether we had a stellar year, or barely made a profit, we always got the same paltry percentage. Only the company's excuse changed. "Oh, we can't give you more because we had a bad year." "Oh, we can't give you more just because we had a good year, because we might have a bad year next year."
This sort of thing has got to stop. It took everyone to make the company what it is, so profits should have a more even distribution. Likewise, if the company does poorly, everyone should share in that, as well. Too often the bigwigs still get a hefty salary, even when the company does poorly. However, it's only the guys at the bottom that suffer.
Something needs to change to make this more equitable. If the people at the top keep making millions and billions of dollars, while everyone else is suffering, then something is drastically wrong. Perhaps, if you're making that much money, you're overcharging your customers for your product and shortchanging your workers.
We can't have a society that is comprised of only the filthy rich and the struggling poor, as we'll be no better off than we are today. We must find a fair solution for all.
Solutions for this: start your own business or work for a better company. It's not the government's job to make things equitable.
One of the biggest shifts in world view was realizing that Marx diagnosis regarding class struggle is very real. His prescription (Socialism/Communism) is garbage though. We need to have a Capitalist system but we have to make I more equitable in some.
Keeping it in context of the OP, which publicly traded large companies with multimillion dollar executive salaries make their consumer products in the US?
I can wait, it's gonna be a short list.
Now if you're referring to multinationals that offshore everything to take advantage of lower labor costs, energy, and favorable laws as shitbags, I'm very much with you.
But if you think the reason why they don't produce in the US is because the company is spending too much on executive comp, you'd be very naive. Executives there keep their jobs at the leisure of the board, who are tasked to deliver "shareholder value"... i.e. profits, at any cost.
Wanna fix it? Wake up. We've let Wall Street Banksters lull us into a false sense of peace with our pissant 5% returns on 401k's and index funds, while they use that capital as collateral to increase their wealth 20-fold.
Start by doing what we're doing in politics. Grassroots effort. Educate yourself and be your own advocate. Buy shares or demand them as part of your compensation. Vote down executive comp packages at the annual meeting. Get referendums on the slate to be voted on, penalizing the executives for offshoring or pursuing woke shit. Name and shame them.
If you're a big dog, take up a short position and tell them why. Become an activist investor.
Oh, I agree. I strictly buy American