Forum Post: More jobs LOST
Posted 13 years ago on Nov. 17, 2011, 2:47 a.m. EST by tomcat68
(298)
This content is user submitted and not an official statement
General Electric is planning to move its 115-year-old X-ray division from Waukesha, Wis., to Beijing. In addition to moving the headquarters, the company will invest $2 billion in China and train more than 65 engineers and create six research centers.
This is the same GE that made $5.1 billion in the United States last year. but paid no taxes-the same company that employs more people overseas than it does in the united States.
So let me get this straight. President Obama appointed GE Chairman Jeff Immelt to head his commission on job creation (job czar). Jeff Immelt is supposed to help create jobs.
I guess the President forgot to tell him in which country he was supposed to be creating those jobs.
If this doesn't show you the total lack of leadership of this President, I don't know what does.
I don't like that GE is planning to move it's operations either. What can be done to make it more clearly in GE's interest to not do that? The accumulative effect of jobs moving overseas is killing the largest consumer market of the last 50 years. I wonder if GE and the sum of big business have any clue what the longer term consequences of these decisions will be on their businesses much less on the global economy. Maybe they fully expect china to be the largest consumer market of the next 50 years and are positioning themselves accordingly and are fine with letting the US sink for that opportunity.
well, exactly HOW to do this I'm not sure. but I can say if China had Union workers demanding Crazy wages GE would probably look elsewhere. and since we can't likely control what China does...
How about supporting a non-union workforce? Don't get me wrong I like earning better wages just like Anyone. but how will we compete within a global economy? we will have to do it better and for less. surrounding industrys will follow suit and we can watch Inflation drop to an all time low.
make any sense?
i'm not a fan of unions either... i think they served a good purpose some time ago and in the present day they may be hurting more than they help... get out of boeing's face about the south carolina non-union plant already. that, plus a union pretty much hampered my dad's career when it came to integrating merged/acquired work forces, despite long (long) tenure he got put in line far behind folks with much less tenure from the other organization... a raw deal for a due paying member. i'm not in a union dominated industry myself and that's fine by me.
nice to see someone else re considering the value of Unions in todays America. It's not like businesses aren't taking care of employees within their own organizations now days anyway.
Why do we allow 4 year terms for these guys? it's CRAZY
if a CEO of a company screwed up as much as this president he would be FIRED within 6 months.
we don't need 4 years to figure out if we have a winner or a looser.
one year terms. 4 max. :)
doesn't give them a whole lot of campaign trail time but we will base our decision on his/her success or failure. NOT on glorified speeches and promises
ok, how do we get them to do it?
you have my vote
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