Jim Cramer Says OEMs Should Move American Auto Manufacturing To Mexico For $5/hour In Response To UAW Demands
Jim Cramer Says OEMs Should Move American Auto Manufacturing To Mexico For $5/hour In Response To UAW Demands
Just completely gut American auto manufacturing. What could go wrong?
Jim Cramer is a piece of shit
Hey but at least he's an idiot.
nah he's not a piece he's the entire shit
Wait, don't these assholes complain about Immigrants stealing jobs of Americans? Now, they want to send the jobs overseas?
No you see outsourcing jobs is good for conservatives because it prevents illegal immigration and increases profits for the shareholders.
Making living conditions in Mexico so good that they wouldn’t want to come north to our shithole country is the best way to fight illegal immigration and totally pwn the libs.
This is unironically what foriegn aid is for, besides the whole "dont be pieces of shit" thing.
If you can keep other countries stable and healthy cheaply, it costs less than a war at your doorstep.
Why does Jim Kramer hate America?
Because fucking over the average American is extremely profitable and he’s gotten rich off of misleading people with his “expert advice”
Mexicans should unionize.
Well, who's going to move all the existing tooling to factory sites in Mexico then? Where are they even going to find good factory sites in Mexico with access to good transportation (ports and rails) and skilled labor force on such short notice?
Moving manufacturing is a major undertaking for any company, of course, I don't expect someone like Jim Kramer to know that.
There's already car manufacturing in Mexico, it's not like it's unprecedented. Obviously they can't do it overnight, but it's not unheard of.
Of course, but the thing is, it's been decades since NAFTA, and all the good sites for manufacturing has all been taken by someone already. So, if they try to move now, not only will they have to build the factory, they'll have to also build power stations/railways/port expansions, which could take multiple years.
Anyone remember when he went on The Daily Show and Jon Stewart scolded him like a naughty child and he couldn't do anything but sit there and take it? Good times.
Got a link by any chance? Jon stewart scolding somebody is a fun 5min entertainment while on the shitter.
Nah, looks like it's been scoured off youtube.
Isn't that the go-to threat from most companies nowadays? "If we don't get our way, we're MOVING TO MEXICO"
NAFTA allows them to do it. So yes, it allows a company to avoid the unions by moving to Mexico or Canada.
I joined the auto industry around 5 years ago. It blew my mind to some extent to be made aware that some ~25 years later, the effects of NAFTA are still to be fully realized. I had assumed that enough time had passed that any economic rebalancing would have been complete.
The potential is there and ripe for industry to whole cloth make the move to Mexico. My company for one is rumored to have an unwritten rule that they don't do new construction in the US, despite being a US based company.
Only a few crown jewel US locations are really well managed and supported.
Not always Mexico, but yeah outside the US. Many of them have followed through with that. As capitalism pushes harder and harder for profits companies continue to look for ways to cut costs. Moving production to countries with cheaper labor and lax safety regulations is an easy way to do so.
Anybody that thought Cramer was for anything but infinite rise in profit no matter the cost hasn't really been paying attention to his entire history of shilling for corporate interests.
After they hear this, I expect the big three to immediatly cease all manufacturing in Mexico and add a UAW seat on the Board of Directors. Cramer's advice should never be ignored.
Is Jim Cramer still a POS? Yep!
I thought I remembered hearing something about an "inverse Cramer" ETF being created, which invest opposite to whatever he recommends.
Hasn't VW proven that's a bad idea? I mean look at the reliability issues they've been having
I'm out of the loop. I was under the impression all American car manufacturing started in Mexico and ended in the American Midwest / South. So it would just be moving production down that line. Did VW do manufacturing entirely in Mexico? Does VW have reliability issues? I stopped my interest after the Diesel scandal.
Most cars built anywhere have parts sourced internationally and then finished at one plant or another. This is a link kind of detailing how much of a car is sourced from the US.
VW has had some issues with Ignition Coils and the like, but most of their issues come from complex German engineering being put together by underpaid workers. That being said, they do have an "average" reliability score, so they're not terrible, though the repairs tend to be costly because, again, complex German engineering.
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Although Henry Ford was a fucking Nazi, he had a lot of good common sense business and economic points. He made sure all of his employees could easily afford the cars they were building and it made an empire.
How did we get to this point where a large portion of the country somehow believes workers shouldn't be able to afford to buy anything?
That is actually easy: They don’t think about the economy as a whole. They only look what might suit them best in this exact moment to increase „shareholder value“ for a short moment.
Snakes eating their own tail
Here lies the contradiction of Capitalism.
Move the executive jobs to Mexico too
not much more to stay in the us
https://en.wikipedia.org/wiki/Minimum_wage_in_the_United_States
still $7.25 here and in some states working conditions laws are slacker
Sure, in the case of non-union workers, Federal minimum wage and workplace regulations are a joke. Thankfully, no UAW worker is making that minimum wage. They're unionized for a reason.
They'll find out that they have to pay the Cartels a big tax.
And in response to that we should [REDACTED] him.
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checks index
Yep this would be a bad idea.
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Well - why not introduce import tariffs for those goods then? Or would this be against NAFTA rules?
Edit: Read a post further down - it might indeed be against NAFTA rules.
This is the problem with nafta. NAFTA created an environment that is hard for unions to operate in. The big 3 can send it all to Mexico and just ship the final product back.
Or Canada. Either is cheaper labor wise.
It’s why nafta needs to be renegotiated.
Unionize Mexico
Nafta has restrictions around worker pay. Overall though it might be bad for auto workers in the US but much more beneficial to the average American.
NAFTA is horrible for the average American. It destroys unions and wages. It allows a massive export of our jobs to other countries.
You have a cite around workers pay? That wasn’t in the original plan.
Eta: found an article from 2017
https://www.npr.org/2018/10/17/657806248/will-nafta-2-0-really-boost-mexican-wages
Canada really isn't that much cheaper than the US to manufacture and they are also unionized. You just get the currency advantage (1USD = ~$0.72 CAD). Stellantis already moved Ram production to Mexico. The bigger issue is relative competition with Asian imports and Tesla who have no union factories because they produce mostly in the south.
Either way, it would make little sense to move F150 and Silverado to Mexico. Hard to claim you drive American industry but produce in Mexico. I think the frustration is that multiple reasonable offers have been made and the UAW has yet to move from their original position. Which is ironic given they accused Stellantis and GM with bargaining in bad faith.
Current advantages but wages are typically lower. I know in my career field they’re about 40-50% lower. You also get the savings of not paying healthcare cost. (Most people don’t understand that employers are self insured. That means medical payments come out of expenses).
Tesla mostly produces in Nevada and California. Texas is starting to pick up but it isn’t as union as Nevada or California.
When my wife at the time bought her Nissan, it was more American built than any product in the same price range. It was non/-union labor but mainly built here.
Gm has moved a lot of production to Mexico. People forget all the supply chain which has moved as well. Ac Delco moved almost everything to Mexico.
I don’t know what is reasonable as I’m not an auto worker. I don’t buy most American car brands because they’re garbage. My two cars currently are an Audi and a Tesla. I know the Tesla was not union but Im not sure about the Audi.
Hard to claim you drive American industry but produce in Mexico.
Yeah Ford's multi-million dollar "all in on America" football ad campaign will look pretty fucking ironic if they move all of their production elsewhere.
(Not that I believe it anyway)
That's what they are doing already. And it makes a lot of sense. The cost of living in the US is too high.
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