Quote:
Originally Posted by xoxoxoBruce
Caterpillar Inc. says it will close five more factories, including an Oxford, MS, plant, as the heavy equipment maker reacts to slowing demand for construction and mining equipment worldwide by cutting capacity. With Thursday’s announcement, Caterpillar is closing or consolidating 20 facilities.
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How does an economy create more jobs? Same job is done by less people every year. Otherwise more jobs must be eliminated.
So the question is whether Caterpillar is doing what should have been done long ago. Or if management is destroying jobs due to something that actually means less jobs. Less workers can be good or bad. If done because productivity increases, then America grows, all workers (even in other industries) are wealthier, and only good things result. If done because of cost controls, then costs increase, American living standards decrease, job losses continue into the future, and only bad things result.
Article cites a red flag. Spread sheets only report what a boss was doing four and more years ago. Carly Fiorina was so dumb, ignorant, and destructive as to start driving HP into bankruptcy in only four years. This one has been there 6 years. Is he only trying to make profits or trying to make better products? One cannot do both.
6 years means work that started when he took over is only just now being measured by spread sheets. Worse, he comes from the finance side - having been a CFO. We all know from so many examples that CFOs make bad CEOs by stifling innovation (Archie Bunker would be proud of them).
When Steve Ballmer replaced Bill Gates, then Microsoft no longer created innovative products. Destruction of innovation and resulting jobs four to ten years later is so common as to be biblical (maybe it should be called Revelations).
Is Doug Oberhelman really a bean counter mentality? Or is he product oriented? Those are the only people in the world. CFO would explain why Caterpillar is destroying jobs. Purpose of a company is profits - not the product. Purpose of a company is to enrich the Central Committee of the Communist party - also called managers who do what is taught in business schools. (Also known as Donald Trump.)
So what new and innovative products have been introduced by Caterpillar in a past 6 years? To say anything useful about job losses means such details must be known. Since jobs are only created by innovation (not by money as bean counters would have us believe).
How much more bad news has come out of Michigan? Another example of what happened when its largest industry - automotive - were taken over and subverted in the early 1970s. Job losses in that industry were so massive that other state industries were seriously and adversely affected. What a bean counter does today has adverse effects years and decades later. Including so many kids with diminished intelligence because a bean counter decided to put lead in their drinking water.
Is Oberhelman that kind of person? He takes massive income increases while (and maybe by) destroying jobs.