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Comment Re:I hope they bent Ford over a barrel. (Score 1) 97

In that case Ford would start poaching from neighboring companies for a smaller pay hike, rather than rehiring. What the workers can collectively negotiate for is to pay the salaries they would have received for the layoff period, a modest hike and some sort of guarantees. Ford for its part is not going to send a rehire letter to them all, even if it has to hire most of them, to keep them divided.

And of course, once rehired, some of them will start throwing "measured" spanners into the works.

Comment Re:If you don't work you don't eat (Score 1) 197

US is a country of immigrants. People from various other countries have been moving to US. Of course, they are moving to US because it offers them better quality of life, better wages. But why aren't Americans moving to other countries as much? I know some go to Mexico for retirement. But there are so many options. The quality of life in some of the other cheaper countries isn't all that bad. Sometime its just peace of mind, not living under the burden of debt. If one cannot make ends meet in the US, then emigrate to another country where your dollars are worth much more. Where your skill can help you find a better job. In some of the countries, being an English speaking American itself is a big skill on your resume. Squeeze every penny here while you have a job, save and move somewhere better.

Comment Re:70% of middle class jobs lost since 1980 (Score 3, Interesting) 197

Yeah! Those bloody excavators took my great grandfather's job away. He was a trench digger, and was an absolute star at it. Railroad steam engines killed his father's job. He used to haul people between major cities in horse wagons. Industrial revolution should have been banned by George III, before Mr. James Watt was born. We wouldn't have had FANUC making these brainless "arms" with no torsos.

Comment Re:No surprise (Score 4, Informative) 73

they had about $35B in cash.

They also have Marketable securities worth $18.763 billion and stuff. And long-term assets. But then they also have current and long-term liabilities. The difference between total assets and liabilities, ignoring PPE, comes to about $24 billion. Their income after tax for the financial year was $112.010 billion. So where did all that money go?

"Common stock repurchased" $90.052 billion and $15.413 billion in dividends.

Turns out, the bulk of the profits are going into stock repurchase programs.

Comment Re:Why is slashdot posting these garbage articles? (Score 1) 155

Yes. Less in-person interaction does not mean no interaction at all. You don't have to be all over your partner(s) all the time to result in a childbirth. The man just has to save on some rubber use a couple of times, that's all. The real reason is lack of intent. Not iPhone or Spotify or PlayStation.

Comment Re: Ban smartphones in school... (Score 1) 155

To be sure, we are worried that the world population/US population's rate of acceleration in growth is reducing. The population isn't reducing, it continues to increase. World population in 1800 was 1 billion and in 1900 was 1.6 billion. Today, after 126 years, the world population stands at 8.5 billion. That's ~5x increase. Are we very worried that we won't touch 85 billion (another 5x increase) in the next 126 years?

Comment God (or whatever they revere) bless the Chinese (Score 0) 61

God (or whichever entity/non-entity they revere) bless the Chinese. They have definitely had a huge positive impact on the world with their manufacturing. Many life improving things wouldn't have been in the hands of the poor without them. Of course, I am aware of the labor conditions, human rights issues and all of that. I hope they mend all of that and become a Great Country, that they were, once again.

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