Quote:
Originally Posted by Margaret Pilkington
I just don't get how destroying the manufacturing base pleases the shareholder mentality.
Shareholders want manufacturing to grow, for companies to sell more goods...that is how they get their dividends, how they make money.
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Point is, they can make more money exporting manufacturing jobs overseas to countries that have low wages and no protection for workers (and I'm talking about safety and benefits, not the pcism of workplace safety where a peanut causes a furor) ... if the tories cut corporate taxes in order to encourage investment in England, major corporations will say "thanks for the cash ... and, we are moving manufacturing out of the country any way." It's the American way, British style. The reason the German economy and that of the Japanese are so strong is that they still make stuff. They pay their workers well and treat them right. Workers make good money and spend it at home. You can't have a major league economy with easy credit and jobs flipping burgers.
I think I'll put on my Nike's and go for a beer.
