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Old 04-05-2016, 03:57 AM  
Paul Markham
Too old to care
 
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Join Date: Jun 2001
Location: On the sofa, watching TV or doing my jigsaws.
Posts: 52,943
Economic Present and Future.

This is the Present.

Quote:
UK Steel Industry to close or shrink to very little.

One of the biggest steelmakers in Britain, second in size only to Tata, has said there is no guarantee that the industry will survive if the government fails to step up its response to the current crisis.
Quote:
Ford to build plant in Mexico.

Auto giant Ford is planning a new assembly plant south of the U.S. border, the Wall Street Journal reported Sunday, and will sharply increase factory output from Mexico just months after signing a labor deal.
Quote:
Boeing To Build Its First Offshore Plane Factory In China As Ex-Im Bank Withers

Facing severe pressure from state-subsidized foreign competitors and the end of federal export financing, Boeing has decided to throw in the towel. After a hundred years of producing its commercial aircraft exclusively in the U.S., the nation’s largest exporter will build its first offshore aircraft plant in China.
50 years ago, at 15, I left school with no qualifications and was guaranteed a job that would in less than 6 years, pay enough to buy a house. A Factory Job.

Today very few can do that. Tomorrow even less will be able to. The problem is the economic model favours a few, they run the Governments, they threaten they will leave, and do so even if they get what they demand.

How many of you can guaranty your job can't be done by someone in the Third World for less. The most astounding thing is Steel, Boeing and Ford. Governments would rather put US skilled workers out of a job, put them on benefits yet allow them to sell goods in the West.

Boeing excuse is, china is now a big market for them.
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