| Home |
| Search |
| Today's Posts |
|
|
|
#2
posted to rec.boats
|
|||
|
|||
Youse guys must be rich
On 10/31/10 12:56 PM, wrote:
On Sat, 30 Oct 2010 15:20:25 -0700, wrote: On Sat, 30 Oct 2010 11:52:03 -0400, wrote: On Sat, 30 Oct 2010 07:43:04 -0400, Wayne.B wrote: On Sat, 30 Oct 2010 00:55:26 -0400, wrote: Most of the profit is in marking up chinese goods and selling them. We still do not make much here anymore. There are some notable exceptions however including your old employer, IBM. One of the things that stood out on our recent European trip is the large amount of new looking John Deere and Caterpillar equipment that is being used over there. Both of them are obviously doing something right. IBM doesn't make much here. They are very profitable because they sell offshore equipment at premium prices and broker offshore technical assistance. They make heavy use of contractors and business partners here in the US. They are hiring because they have laid off or retired all of the higher paid employees. My only warning to kids taking those jobs, is watch your back. When would that not be the case? Hardly anyone stays at a company to retirement any more, but that's been the case for a while now. That is usually not by choice. We need to separate non-disability retirement from employment by making the former portable. Your employer contributes to a fund, and so do you, and when you move on, all the funds stay with you. Get rid of the concept of "vesting" with a particular employer. 401-k's don't actually do this, and neither do IRA's. Another discussion would be what happens to those retirement funds. We need options other than what the Wall Street casinos offer. Many unionized construction workers have portable, controllable pensions. It's entirely their money and when they move from one signatory employer to another, the "retirement" portion of their earnings can be credited to the retirement account at their home local or to their international's retirement plan, if it has one. It's a good model for health care, too, until we really have universal health care coverage. |
| Reply |
| Thread Tools | Search this Thread |
| Display Modes | |
|
|
Similar Threads
|
||||
| Thread | Forum | |||
| See youse guys... | General | |||
| See youse guys... | General | |||
| See youse guys... | General | |||
| See youse guys... | General | |||
| See youse guys... | General | |||
Hybrid Mode
