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Originally Posted by aceventura3
It seems that no course of action would be acceptable to some of you, but let's assume you do address labor costs. How would you do it?
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You could fire all of your employees and hire people desperate for a job, any job. They will work for $5.15 (or less, if you don't ask questions). Then tell them how to use public assistance to get benefits like health coverage paid for by taxpayers, WIC assistance because your stay at home wife just gave birth and you don't make enough money, you can take away the pensions and 401k's because retired workers don't help the company make money (they might get some social security when they reach 75-80*).
*The age will be raised in the next 40 years since people are living longer and are healthier...and the system won't have enough money currently.
But, then every job will be the same with low pay. If my competitor will only pay X amount, why should I pay more than that? If they don't want a job, they can live on the street. Nobody will be able to get ahead except for the people who own multiple businesses in many locations, or hold large amounts of shares as initial investors in the company.
The crazy idea would be to give a small amount of stock to your employees each month. The longer they have worked there, the larger amount of the company they own. Yes, management might have to give up the large percentage of the company they are holding on to. The hedge fund and mutual fund managers might not like it because there are a lot more people owning the stock so it won't move as much, but there would be fewer outstanding shares so that might help.
(I wonder if they track what the average hourly wage for an American worker is, and if it has gone down since NAFTA and other free trade agreements. Technically, the wages are supposed to go back up once those foreign countries start buying goods made here. What will probably happen is businessmen there will start up companies to compete and sell locally in those countries.)
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Originally Posted by Baraka_Guru
If I were a liberal, I would be in an industry where I would only have to wait for the government grant cheques to come in.
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Or you would wait for them to put a tarrif or tax on some foreign component that your competitor needs.
And better quality does sell if you market it right. I paid $180 compared to $140 because the more expensive one made by a big American company had a density of 4lbs/cubic foot vs. 3lbs/cubic foot. A stupid consumer would of said, I'll take the $140 one because it's cheaper (and it won't do the job). If the no-name brand comes out with a 4lbs/cubic foot version for $170, then the other company has to show me that their product will last longer or is better in some way to justify spending the extra $10.