gov workers pay explodes-what recession

WhatsHisNuts

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Is your job in jeopardy Garry?

Lots of companies laying ground work for moving. I have noticed in my china news-lots of drug companies out sourcing to china.

Politics aside--Companies will gravitate to profits. Taxes/unions/regulations are corporate killers--we got 2nd highest corporate taxes in world now--this admin and those that follow will have to get tax revenue from somewhere to just pay interest on projected debt--and to go after the voters would be poltical suicide--so I think corps are seeing handwriting on the wall.

When isn't it in jeopardy? Since 2000, I have worked at 3 companies and all 3 have had major lay offs (Ford had 3 big ones). As far as our manufacturing areas moving to Mexico affecting my job, it is hard to say. They just made this announcement a couple weeks ago and the plan doesn't really start for another year or so. When one product line out of four leaves the building, it doesn't take a rocket scientist to figure out that 25% of what you once did has gone away and people will be impacted. Luckily, I have been able to weather the storms of past lay offs, but you never know. I have seen great people/workers laid off when the wrong people make the cuts.

For what it is worth, I understand that we live in a global economy and it makes sense to move to lower cost production areas, but I also know that it is going to be hard to sell your products to a country filled with out of work people. The problem with our greedy society is that making money isn't good enough...you always have to make more. Companies used to be a place where the owner made a bundle and provided a place other people could make a living through as well. Perhaps the Mexicos and Chinas weren't options to those owners of yesteryear and I am giving them a pass, but in today's working world, it is all about making more money. Technology is making production easier, safer, and faster but eventually it is going to come down to "where can we make it cheaper?". That question will always come up once you've exhausted all other cost cutting measures because the share-holders and corporate execs will demand it. It is what it is. If you think any US manufacturing jobs are untouchable, you're fooling yourself.
 

DOGS THAT BARK

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Emerson is an extremely well ran company. They have increased dividends every quarter for past 53 years--paying little over 3% now. I don't know what kind of stock options they have, but would take adv of them if possible.

I would assume they would want to retain those in your position but may want you to relocate.
 

WhatsHisNuts

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Emerson is an extremely well ran company. They have increased dividends every quarter for past 53 years--paying little over 3% now. I don't know what kind of stock options they have, but would take adv of them if possible.

I would assume they would want to retain those in your position but may want you to relocate.

Stock options are not anything I have to worry about any time soon. I do max out the company match for the 401k program, but that's about it on the investment front.

The move of one product line to Mexico is writing on the wall, nothing more at this point. I'm not the bread winner in the household, so I can afford to wait things out....and putting a couple bucks into lottery tickets gives me a little extra hope as well. :SIB
 

THE KOD

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I would assume they would want to retain those in your position but may want you to relocate.

...............................................................

good old black ass gumby

always the positve thinker

you would keep your job but may have to
move to Africa to do it :142smilie

fawk me:SIB
 

DOGS THAT BARK

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Stock options are not anything I have to worry about any time soon. I do max out the company match for the 401k program, but that's about it on the investment front.

The move of one product line to Mexico is writing on the wall, nothing more at this point. I'm not the bread winner in the household, so I can afford to wait things out....and putting a couple bucks into lottery tickets gives me a little extra hope as well. :SIB

Thats scenerio puts you in good position to try your own business if Emerson doesn't work out.

I have idea on one that I think would be no brainer. You know how peoples roofs always get mold on one side--one of my golfing buddies was by several months ago and noted it on my house and ask if I wanted to get rid of it--I said sure--next day he came by with little sprayer (not pressure sprayer--just to apply) and several containers of bleach. We climbed on roof applied it to side that had mold and presto-it was gone next day. My 1st thought was --would be easy lucrative business as I would have paid couple of hundred in what took us 45 minutes.


--and Scott--
Have 2 things of interest for you also-- GA guidelines for social benefits

http://dch.georgia.gov/00/channel_title/0,2094,31446711_31944826,00.html

and after you get done with all the lip licking/slurping over viewing the freebees



:)
 

THE KOD

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not going to read it since I am pissed off you didnt post the poll I requested.

soon ......you will be paying my health ins.

:142smilie
 
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