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America Is Being Economically Disemboweled


Business  (tags: Carrier, Jim Hightower, Indianapolis, Mexico, NAFTA, removal jobs, destruction of middle class, disemboweled )

Sheryl
- 1071 days ago - alternet.org
Carrier moves plant from Indianapolis to Mexico, destroying working-class livelihoods in the process. The carnage on working class Americans will not stop until we actually start punishing these corporate malefactors.



   

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Comments

Sheryl G (359)
Wednesday July 20, 2016, 3:13 pm
Department of Energy awarded Carrier $5.1 million in clean energy tax credits in December 2013 for its Indianapolis facility. They planned to use the money to expand production at its Indianapolis facility to meet increasing demand for its eco-friendly condensing gas furnace product line.

So they said.

United Technologies, parent company, were zooming expected to jump at least $2 billion to $58 billion in 2016.

But this wasn't enough for the Greedy Heartless Ones on Wall Street.

The move to Mexico is expected to save UTC only $70 million a year in labor costs; a blip on the spreadsheets of global behemoth that hauls in $56 billion a year and has an uninterrupted 22-year record of increasing dividends.

Wall Street investment bankers demanded that the giant go on a cost-cutting binge aimed at generating a 17-percent hike in its stock price over the next two years. And what better way to please big institutional shareholders than to show a cold willingness to whack payroll.

 

Sheryl G (359)
Wednesday July 20, 2016, 3:17 pm
Within the article:

While making such cuts is "painful," mused Carrier's top financial executive, they are necessary for "shareholder value creation," adding cheerfully: "We feel very good about being able to execute on that."

So a city must suffer factory abandonment, and workers must have their decent-paying jobs taken from them so some distant, don't-give-a-damn, rich shareholders can see a dollar rise in UTC's stock price. "Execute" seems like the right word.
 

Kathleen M (208)
Wednesday July 20, 2016, 3:22 pm
Grimly S&N. Thx Dandelion. Maybe we should simply torch Wall Street and be done with it!
 

Sheryl G (359)
Wednesday July 20, 2016, 3:46 pm
Other citizens had to grab the pitchforks and torches in the past......

 

Freya H (345)
Wednesday July 20, 2016, 4:18 pm
It's never too late to start raising some serious hell! I buy "Made in USA" whenever possible - and shop at thrift stores.
 

Animae C (509)
Wednesday July 20, 2016, 5:18 pm
Same here in Australia, most of our companies have moved offshore, mainly to china!
The only thing they care about is cheap labour!
 

JL A (281)
Wednesday July 20, 2016, 5:21 pm
Thanks Dandelion....sigh...I get so tired of us ordinary people paying for corporate rip-offs.
 

Darren Woolsey (218)
Wednesday July 20, 2016, 10:51 pm
This is Corporate Capitalism all over. It doesn't care about the human element.

Shared to spread awareness.
 

Dawnie W (250)
Thursday July 21, 2016, 1:09 am
❤️:-)))))❤️Noted❤️
❤️ Thanking you kindly for sharing this information❤️
💕💛ღ❤️Ƹ̵̡Ӝ̵̨̄Ʒ💕♥L💜ve, Hugs and Peace go with you all♥💕Ƹ̵̡Ӝ̵̨̄Ʒ❤️ღ💛💕
 

Sheryl G (359)
Thursday July 21, 2016, 6:06 am
Unfortunately Darren you are so correct, there seems to be no one spared, as AniMae said their jobs going to China as well. It is just how far down the rabbit hole one Country has gone than the other but seems they want us all crashing at the bottom at some point. Some quicker than others.
 

Sheryl G (359)
Thursday July 21, 2016, 6:08 am
True JL A, that is why when the rules said, work hard, save your money, is just an illusion today. Because many people have worked hard and saved played by the rules only to see it all wiped out before their very eyes. Yes ordinary people take the greatest hits while the big players keep on gambling away wheeling and dealing.
 

Past Member (0)
Thursday July 21, 2016, 6:12 am
Make the help effective
 

Wendi M (9)
Thursday July 21, 2016, 11:49 am
Thank you so much for posting everything Dandelion G. This is just one example of Corporate Greed ;(
 

Donna G (42)
Thursday July 21, 2016, 12:44 pm
Jill Stein has a plan for America to put people, planet, and peace over profits: http://www.jill2016.com/plan

Thanks to NAFTA, outsourcing exists. It will be worse with the Trans-Pacific Partnership which our current President wants pushed through. Even though Hillary Clinton has come out against the TPP, I believe that she did that because Bernie Sanders was against it. She once called it the gold standard of trade deals. I'm sure she still believes that.
 

Birgit W (160)
Thursday July 21, 2016, 1:16 pm
JL says it all. Thanks Dandelion.
 

Sheryl G (359)
Thursday July 21, 2016, 1:28 pm
We are still seeing the after affects of NAFTA

The Corporation/Company has done what so many others have done. Take the Corporate tax breaks to stay in an area, make improvements, or whatever, once that 5 or 10 year period is over if there is a legal time frame to not leave or whenever the first opportunity arises they move.

In this case it is for Wall Street. No negotiations, no how can we prevent this from happening, just slash and burn and gutting a whole community out. For many towns if this is the prime industry this will have a major impact on all other local businesses that depend on the income from these workers jobs. This is when one starts to see smaller businesses fold up because there are fewer people able to go to the movies, go out to eat, make home repairs so on so forth, so the whole town suffers.
 

Sheryl G (359)
Thursday July 21, 2016, 1:29 pm
So yes, TPP is NAFTA on steroids from what I'm led to understand. The race to the bottom is well underway.
 

Lois Jordan (63)
Thursday July 21, 2016, 1:35 pm
Thanks, Dandelion.

First they want Corporate taxes lowered, and many loopholes allowed. Then, they don't want their off-shore money taxed.....or found. They don't want to give workers raises, but the people at the top of the Corp. want bigger, fatter paychecks.
But, that isn't enough! Paying American workers is just "too much" so they move to another country.

Corporations have become multi-national, expanding worldwide and sucking all the money out of our pockets while trying to work us to death without even a living wage.
The bigger they get, the worse it gets for the 99%.

There needs to be enormous penalties for moving these companies, (big enough to keep them from moving), and there should be a minimum living wage of at least $15 an hour.
There definitely NEEDS to be a cap on CEO pay.
And, all their tax loopholes need to be removed, along with higher taxes for those at the top.
That would be a good start!
I am furious.
 

Mandi T (367)
Thursday July 21, 2016, 2:53 pm
Agree with most all the statements above. And totally agree with JL A. Tks S heryl
 

Daniel Partlow (179)
Thursday July 21, 2016, 4:18 pm
Corporations run and rule the world. It is the worst thing for the people, environment, and the planet!
 

Hartson Doak (39)
Thursday July 21, 2016, 8:37 pm
Business has to be restructured. There is a disconnect with business as it is. There is the labor against owners and managers. What needs to happen is that labor HAS to become co owners with the business. This will assure that moving overseas to save money will not ever happen.
 

Colleen L (3)
Thursday July 21, 2016, 10:25 pm
So sad that these companies are only for their pocketbooks not for the people here. Agree with Hartson, Darren and JL's comments. Thanks Dandelion
 

Sheryl G (359)
Friday July 22, 2016, 4:25 am
Thank you Hartson, I agree with you.
 

Johann S (120)
Friday July 22, 2016, 7:26 am
https://groups.google.com/forum/#!topic/sci.econ/zN0i6WZfnMk
 

Janet B (0)
Friday July 22, 2016, 12:40 pm
Thanks
 

Danuta Watola (1251)
Saturday July 23, 2016, 5:16 am
noted
 

Sheryl G (359)
Saturday July 23, 2016, 6:44 am
Thank you. At the very least she is misusing the news threads.
 

Johann S (120)
Saturday July 23, 2016, 2:58 pm
http://www.thepetitionsite.com/369/513/241/make-it-illegal-for-companies-to-advertise-jobs-that-dont-exist/
 

Walter F (128)
Saturday July 23, 2016, 9:47 pm
Our corporate companies going offshore to manufacture their products has been going on for years with our governments' agreement We can't stop it, all we can do is patronize Australian companies based here and owned by Australians ..I try to boycott every company that has gone offshore .and prefer buy products from overseas companies,, not in Asia,if I can't find them here.
 

Arild Warud (174)
Sunday July 24, 2016, 3:10 am
As long as American companies only look at the bottom line I'm afraid that more of them will move to a Country with lower labour costs.I wonder what kind of jobs will be left in a not so distant future??
 

Sheryl G (359)
Sunday July 24, 2016, 4:54 am
We are pretty much left with jobs in a service economy here in USA and those jobs pay very low wage many at minimum wage with is starvation wages. If all we are going to have left is service jobs then they must pay the wage in order to meet the standards of at least basic living expenses. As it is now a single person can't afford an apartment in many parts of the USA so they must get roommates or remain at home with parents. Elders are having to move in with their grown children and the days of a wife staying home is not an option anymore two incomes are needed to survive and keep the children in clothes.
 

Sheryl G (359)
Sunday July 24, 2016, 4:57 am
Oh and some of our jobs are coming back to the USA Ros - the Prison Industrial Complex has found they can pay those millions of captive slaves lower than even the slave wage of India or Bangladesh.
 

Darren Woolsey (218)
Sunday July 24, 2016, 5:40 am
The irony is, once you outsource, you have the issue of the language barrier. Trying to argue with someone over a phone, who is only versed in "parrot English" isn't as effective as someone who actually knows what's going on and how to fix it. Apologies to anyone offended, but that's EXACTLY what happened within Lloyds.

Essentially, outsourcing leads to a False Economy.
 

Sheryl G (359)
Sunday July 24, 2016, 6:18 am
We had a lot of that over here as well, the inability to communicate effectively with each other didn't resolve the problem and just made an already upset client or customer even more upset. I have noticed less of the foreign sounding "help" on the telephone, I suspect that some of our new prison employees are doing those jobs; hence some of our jobs are returning to the USA.
 

Beryl L (78)
Sunday July 24, 2016, 6:23 am
shared all over
thank you Dandelion
 

bob p (79)
Sunday July 24, 2016, 8:09 am
Thank you
 

. (0)
Monday July 25, 2016, 4:30 pm
Noted & Posted Ms D.
 

Maryann S (112)
Monday July 25, 2016, 6:46 pm
Thanks for sharing Dandelion.
 

Sheryl G (359)
Wednesday July 27, 2016, 5:55 am
Yes, Hillary has broken through the Glass Ceiling - hip hip hooray. On the same ground that indigenous women already had walked beside the men and held great positions of honor and say within their Nation. While their culture was destroyed and their people were being wiped out 400, 300, 200, 100 years ago, we should now be rejoiceful that one woman has broken this Glass Ceiling while many more women work for slave wages have no medical care and whose children go to sleep at night hungry - and in minority homes perhaps do not have a Father because he is sitting in prison thanks to the Prison Industrial Complex that is existing thanks to the help of Hillary Clinton's husband Bill Clinton.

Ah yes, and people wonder why I'm not joyous.......because Hillary is on her way to get her new job.

Was kind of how I felt when Ronald Reagan got his Job in the White House, one year later I was without my job and the many people that I helped from the program that I worked for. A program that trained those who needed skills and provided them a weekly check while they went to this program and then we helped them into a job afterwards. A program that placed those who had a skill already into a job who needed a skill they offered.

It was a highly successful program that helped millions around the USA out of poverty and into being self sufficient. But Ronald Reagan thought otherwise, we couldn't train these people for free and give them pay while doing so, no they had to figure out how to "pay" for that training themselves and go to these schools that raised the tuitions higher and higher each year.

And we can't match up skilled workers with employers that takes away from the paid match makers who will find you a job for a "price" or even worse, agencies getting kickbacks to hire on Veterans with taxpayer money only to get keep the count high to show how successful they are remain silent when the employer axes that Veteran once the taxpayer supported salary that the employer paid them stops. Instead of hiring this Veteran and keeping him after his taxpayer salary ends, they drop him like a hot potato and hire on a new Veteran with taxpayer monies - the employer never having to pay the full salary. Great scam. Where we use to do follow up and monitor that type of situation.

Thanks Reagan - Clinton and the Corporate 1% - all those who don't pay attention and point your fingers at the downtrodden ..........

But yes, we have one woman breaking a glass ceiling.

Sigh.......
 

Darren Woolsey (218)
Wednesday July 27, 2016, 11:57 am
. . .yes, AND NO ANIMALS WILL BE SAVED during the making of this make believe democratic process, in countries, these butchers invade.
 

Sheryl G (359)
Wednesday July 27, 2016, 5:24 pm
Real class act Nyack, can you reach down any lower.

The topic is Americans are losing their jobs? Don't suppose you have anything to say on that matter.

Or don't you care about your fellow citizens. Bet without a job they'll have a harder time feeding Fido or bringing them to the Vets for medical care. One can't donate to animal causes when there is no money coming into the household.
 

Sheryl G (359)
Wednesday July 27, 2016, 6:09 pm
You mean "false airs" I take it.

I report the news Nyack and the Fart Sit In was news. You need not come on any of the threads I post if it so offends you.
 

Animae C (509)
Thursday July 28, 2016, 5:23 am
PHEW stinky tiger in here....
 

Darren Woolsey (218)
Thursday July 28, 2016, 5:47 am
"Never argue with stupid people, they will drag you down to their level and then beat you with experience" (Mark Twain)
 

Sheryl G (359)
Friday July 29, 2016, 5:20 am
lol....thanks Ros - the USa had once been connected - so .......many things have endured over time.
 

Edith B (146)
Friday July 29, 2016, 9:25 pm
This is foul! These corporations have no compunction about asking for and receiving tax breaks, yet they can send our jobs to another country with no problem. Our laws need to be changed, and we won't be able to do that until we have term limits and change our congress.
 

Darren Woolsey (218)
Friday July 29, 2016, 11:27 pm
This is what happens in Corporate Capitalism.

Power-possessors and companies pay little or no tax, relative to their profit base, and the everyday ordinary workers gets screwed, in terms of healthcare, pension contributions, and workers rights.

But, so long as the little guy or gal is happy in their own small world, there doesn't seem to be much call to conscience for doing more for the greater good. Amazing amount of shallow myopia around.
 

Sheryl G (359)
Saturday July 30, 2016, 8:52 am
I am afraid you are only too correct Ros.....people who are still comfortable hate to rock the boat, it is easier to watch other drowning then figure out how to save them. What they don't understand it is only a matter of time before they are next or if not themselves someone else in their family as you pointed out.

I know people in my personal life that can't even "see" a problem, they have enough to do with whatever they want to do with. Then I know others who have lost their home, can't find a job that pays more than a minimum wages despite their having experience, or see little hope for their children. Then there are others who see the problems others are facing but relate it solely to personal failure and do not connect perhaps a rigged economy or whatever, such as our failing health care(less) syste, may of helped push the once thriving family into the poor house or at best a step just before the poor house barely clinging on with all they have.
 

Sheryl G (359)
Sunday July 31, 2016, 5:05 am
This has been going on here for a long time as well, every time one turns around they are wanting to cut the Elders and Disabled Social Security payments that for many individuals, more so for women than men, is sole income for them. Those payments vary but how much the people were able to put into it over the years with women tending to have the lower paid jobs, or time out of the job market to raise children or take care of the Elders what they put in tends to be less than the men.

The maximum monthly Social Security benefit payment for a person retiring in 2016 at full retirement age is $2,639. However, the maximum allowable benefit amount is only payable to those who had the maximum taxable earnings for at least 35 working years. However the average collection is $1,300 per month and there are still many people receiving less that that for income.

This is money the workers had placed into a fund that the Government was not suppose to touch, but it did and replaced it with IOU's. This was theft and now they want to "fix" the problem by cutting benefits to the people.

Bill Clinton passed the Welfare Reform Act back in 1996 that has sent many women and children into deep poverty - deep poverty is defined by living on less than $6,000 a year, or raising a child alone on roughly $7,600. More than 20 million adults and children in the United States get by on that or less. So yes, Mumbai comes to mind. There are urban areas in the USA that look like a war zone - horrifying. Then there are the rural areas that few see that would tear one's heart out - they have no help at all not even a food pantry. A Doctor wrote in his hospital actual starvation is coming into the emergency room doors - in the supposed richest Country in the world - but many are left out of it's wealth.

Each State has a limit on how long people can collect unemployment benefits and there is a major hurdle to get over just to collect those benefits. Many do not even receive benefits as they can't get over that so is no help for them. In Florida, your weekly benefit amount is calculated by dividing your total earnings for the highest paid quarter of the base period by 26, up to a current maximum of $275 per week. You can receive benefits for anywhere between 12 to 23 weeks, depending on Florida's current unemployment rate. This doesn't give one much time to find work, in particular as living wage jobs are hard to find and more and more people are trying to figure it out on piecing two or three jobs together while others once out of the job market if they are 50+ are lucky to find one job at any wage. Our woods are full of people, it's a known fact there are 3 tent cities in our woods just in my town alone. Statistics do not count a lot of the poor - they have fallen off the radar.

And yet all we here is slash some more from needed programs and from education while increasing the military budget. Because we always have money for war.
 

Darren Woolsey (218)
Sunday July 31, 2016, 5:36 am
IOU's?!?!?! What the f$$$ck do they think they're doing, plundering funds like this. . . ?

JEEZ. . .
 

Sheryl G (359)
Sunday July 31, 2016, 9:30 am
Here is a link
The government owes Social Security $2.7 trillion, but the government is both unable and unwilling to repay the stolen money, at least in the short run

As with so much, the general public isn't told that in loud and clear terms.
 

Darren Woolsey (218)
Sunday July 31, 2016, 12:27 pm
Shared that link over social media, Dandelion.
 

Sheryl G (359)
Monday August 1, 2016, 5:44 am
Consolidated Revenue - where the war machine and the 1% misadventures are always at the top and those programs like health care, infrastructure, education, poverty programs see less and less as the years roll on.
 
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