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| Caterpillar Strikes Deal to Build Georgia Plant | |
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| Tweet Topic Started: Feb 18 2012, 08:31 PM (1,545 Views) | |
| jackd | Feb 18 2012, 11:14 PM Post #11 |
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Carterpillar bought the Canadian company in 2010..... Carterpillar pockets Canadian and/or provincial subsidies 2 years later, Carterpillar walks away. They could not even plan 2 years ahead.???? It look like Carterpillar only wanted to illiminate a competitor in Canada. |
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| Deleted User | Feb 18 2012, 11:17 PM Post #12 |
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Chris you are missing a basic principle in economics. Our system relies on consumers & their power to spend. A company saving money may result in some price reductions, but when you multiply that 1000's of times with cheap wages, in the end they are slitting their own throats. I suspect a large part of the current turndown is a direct or indirect result of it. We live in a closed system. Open the circle at any point it will have negative effects. When people discuss economics they often overlook the obvious, because the effect is delayed and not immediately apparent.. |
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| Deleted User | Feb 18 2012, 11:18 PM Post #13 |
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It would seem that way. |
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| Chris | Feb 18 2012, 11:18 PM Post #14 |
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Fire & Ice Senior Diplomat
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I don't see workers bargaining for better salaries, work conditions, etc as a problem, it is however when they make demands, often backed by government force, that threaten to put a company out of business. |
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| Chris | Feb 18 2012, 11:19 PM Post #15 |
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"Carterpillar pockets Canadian and/or provincial subsidies" It would be interesting to hear you explain that, if you didn't have me on ignore. |
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| Deleted User | Feb 18 2012, 11:21 PM Post #16 |
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In the case in Canada it does not seem the union workers were making demands, The exact opposite in fact. If you read the article, the company refused to negotiate, period. The only government factor was in allowing caterpillar to purchase an existing Canadian competitor. |
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| Chris | Feb 18 2012, 11:22 PM Post #17 |
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OK, so tell me what basic economic principle you're talking about that I'm missing. You sort of skipped over that. "We live in a closed system." Inasmuch as resources are limited. However, wealth is not, it is created through work, created in exchange, including the exchange of work for pay. |
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| Thumper | Feb 18 2012, 11:23 PM Post #18 |
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Market forces will straighten it all out. That's why we see so much heavy equipment now that is not Caterpillar yellow. |
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| Chris | Feb 18 2012, 11:24 PM Post #19 |
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I was commenting on Mike's general point, telco. "the company refused to negotiate" It has that right. It had a better offer elsewhere. But this speaks to my more general point, bargaining is fine, demanding is not. |
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| Brewster | Feb 18 2012, 11:25 PM Post #20 |
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I don't know what the percent cut was in the aircraft industry, but Cat was insisting on 50% in Ontario. |
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