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Business, Economics, and Taxes: Capitalism. Yay? >=(

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Speaking of which. Rumor has it that Exxon may be looking to make $60 billion acquisition of Pioneer Natural Resources
 
UFCW is negotiating with Meijer.

It's been two years since i worked there, but I remember Corporate thinking the pickup team should average 125 items per hour.
 
So this is hurting the big three more than expected? Or maybe more than they're letting on?

Likely more than they're letting on because the strikes are at parts facilities which affect way more than just assembly plants. Dealers have plenty of supply, and there are a backlog of vehicles built awaiting shipment. Striking at the parts plants puts a squeeze on repair facilities and service departments, along with limiting supplies to assembly plants.

If Jim Bob can't get his blue F250 with heated seats, but can get a silver F250 with them, he'll dissappointedly buy the silver one. If Jim Bob gets told there's a two month backorder for the headlight assembly he smashed leaving the bar parking lot, well he's gonna get mad at the dealer who is going to get mad to their Detroit sales rep, who is going to have the ear of the ivory tower people.
 
Really good points. Hadn't thought about repairs and parts.

I also suspect parts facilities are double bsd because if you had a backlog of assembling, as long as you have the parts, you just need to restart the assembly. If you don't have the parts, you need to wait for the upstream factories to produce the parts before you can resume assembling.

Just in time manufacturing seems like it could be a theoretical shift of power to labor. Small disruptions throughout the chain can have massive disruptions.
 
Really good points. Hadn't thought about repairs and parts.

I also suspect parts facilities are double bsd because if you had a backlog of assembling, as long as you have the parts, you just need to restart the assembly. If you don't have the parts, you need to wait for the upstream factories to produce the parts before you can resume assembling.

Just in time manufacturing seems like it could be a theoretical shift of power to labor. Small disruptions throughout the chain can have massive disruptions.
Pretty much the reason why UPS settled with the Teamsters to avoid a strike. It would've disrupted a lot of chains.
 
All you need to know about how the American "economy" works is that news that a jobs report outperformed expectations by double caused the stock market to fall.

The big money power brokers on Wall Street view more jobs as bad news.

And hasn't it been the marker on presidential performance for the last 40 years or so on how well he does on creating "the jahbs"? Thought that was the only thing that mattered?
 
All you need to know about how the American "economy" works is that news that a jobs report outperformed expectations by double caused the stock market to fall.

The big money power brokers on Wall Street view more jobs as bad news.

And hasn't it been the marker on presidential performance for the last 40 years or so on how well he does on creating "the jahbs"? Thought that was the only thing that mattered?

Because the media is spinning it as a negative, since it drives up inflation. I remember an article in I think Politico before the midterms that reported people would rather not have a job (get laid off) than have rising prices because, you know, not being employed will make it easier to pay the bills than being employed and sh-t being more expensive. Had to have been one of the laziest articles I’d ever seen from Politico, and that’s saying something.
 
I'd still rather have perpetual 6-7% inflation and full employment than have 8-9% unemployment. Full employment means labor has the upper hand. And it really makes the ruling class uncomfortable.

I can't even imagine losing my job and all the downstream effects.
 
"How a great jobs report and a growing GDP are bad signs for Biden's Presidency"
-Politico Probably
 
I'd still rather have perpetual 6-7% inflation and full employment than have 8-9% unemployment. Full employment means labor has the upper hand. And it really makes the ruling class uncomfortable.

I can't even imagine losing my job and all the downstream effects.
You can’t even imagine losing job and the downstream effects? Come on.

at least you have someone to continue bringing income in!

The older and more money you make, the more attractive you are to layoff. Older people cost more in health insurance typically because of course it has to be tied to employment

I guess if you were me you’d probably be looking for a ledge to jump off huh
 
I'd still rather have perpetual 6-7% inflation and full employment than have 8-9% unemployment. Full employment means labor has the upper hand. And it really makes the ruling class uncomfortable.

I can't even imagine losing my job and all the downstream effects.

That's easy for people like you and I to say. People who make six-figure salaries in high-demand fields and are likely to remain employed, or be quickly re-employed.
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Make that proposal to anyone living on a fixed income, or working for an employer who isn't so generous with annual raises and bonuses for its grunt workers, and see how far you get.
 
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