AM64
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- Feb 11, 2016
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I witnessed the decline of my company from a long term member of the DOW to being split and decimated into a shadow of itself. They used to value employees, now they just want to hire cheap and bring back seasoned employees when times get hard. They stopped investing money into the business at the expense of long term survival. They solely exist today because people before me and my generation were taught to make stuff like an anvil. Now they buy cheap junk and pay for it 5 years down the road. Until someone realizes what China is doing like Trump did, our economy is doomed.
Sounds like you are describing GE, but there are plenty of other companies just like it.
One of our biggest failings was keeping unions in check. Had they been broken up and made to follow the same antitrust rules as corporations, we perhaps could have managed to keep US wages lower. When you have the world's highest wages and supposedly standard of living and then open the free trade gates, all hell is going to break loose in the workforce - and not in a good way. Corporate leaders get a share of the blame and unions, too; but it all goes back to government mismanagement - favoring unions for votes, unreasonably taxing corporations, redistributing incomes, and the perpetual increasing minimum wage BS.
