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?
Cramer built his career on misleading investors to pad hedge funds’ profit margins. His opinion on literally everything should be immediately discarded.
He is well...regarded.
He is the most regarded person on television.
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
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”
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.
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.
Mexicans should unionize.
Isn't that the go-to threat from most companies nowadays? "If we don't get our way, we're MOVING TO MEXICO"
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.
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.
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.
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.
Move the executive jobs to Mexico too
They'll find out that they have to pay the Cartels a big tax.
checks index
Yep this would be a bad idea.
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.