Bigger payout for the stock holders. Of course you know where that money will come from = job terminations.
Is America for sale?
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Bigger payout for the stock holders. Of course you know where that money will come from = job terminations.
prestonway
Well-Known Member
It's all good...
Just finished reading "Who Owns Canada Now - Old Money, New Money, and the Future of Canadian Business" by Diane Francis.
In her summary of Ten Global Business Trends, she identifies some interesting paradigm shifts:
1. "The global economy will mean that more global consolidators will bundle industries or sectors into cross-border giants. This trend will be undertaken by businesses and sovereign nations alike, and size alone will not protect assets from unwanted predators.
Business will have to eat or be eaten, and big won't eat small---fast will eat slow.
Canada's five largest steel companies and four of its biggest mining outfits took decades to create, but were picked off one by one by foreign consolidators in a matter of months.
No sector is safe from this trend.
2. By 2015, there will be one billion more consumers.
3. Continuing population & economic growth rates will aggravate scarcities in commodities, making prices remain high and increase for years. Growth will also creae a talent scarcity, increasing the value of people in certain fields such as technology, science, and engineering.
These people will enjoy enhanced opportunities in developed countries, where luxury items and health care needs will stay in demand, and also in developing nations, where infrastructure projects will be numerous.
4. At the same time that more good jobs become available, the value of unskilled or semi-skilled labour will continue to fall, as billions more workers become available.
This will create a job churn in open economies.
Between 1996 and 2006 in the United States, 3.3 million manufacturing jobs disappeared. Fortunately, 16 million net new jobs were created, 11.6 million of which paid higher wages than did the 3.3 million lost manufacturing jobs."
In the context of this thread, I agree that on a local level, foreign owners and global competition may create job losses in St. Louis for beer, Detroit for cars, Pittsburgh for steel....
On a national level however, there is more value being created today by higher skilled and better paid employees than there was 10 years ago, and that's not a bad thing...
(and I'll leave it to the more astute to draw parallels between global events and the impact on local florists...)
Just finished reading "Who Owns Canada Now - Old Money, New Money, and the Future of Canadian Business" by Diane Francis.
In her summary of Ten Global Business Trends, she identifies some interesting paradigm shifts:
1. "The global economy will mean that more global consolidators will bundle industries or sectors into cross-border giants. This trend will be undertaken by businesses and sovereign nations alike, and size alone will not protect assets from unwanted predators.
Business will have to eat or be eaten, and big won't eat small---fast will eat slow.
Canada's five largest steel companies and four of its biggest mining outfits took decades to create, but were picked off one by one by foreign consolidators in a matter of months.
No sector is safe from this trend.
2. By 2015, there will be one billion more consumers.
3. Continuing population & economic growth rates will aggravate scarcities in commodities, making prices remain high and increase for years. Growth will also creae a talent scarcity, increasing the value of people in certain fields such as technology, science, and engineering.
These people will enjoy enhanced opportunities in developed countries, where luxury items and health care needs will stay in demand, and also in developing nations, where infrastructure projects will be numerous.
4. At the same time that more good jobs become available, the value of unskilled or semi-skilled labour will continue to fall, as billions more workers become available.
This will create a job churn in open economies.
Between 1996 and 2006 in the United States, 3.3 million manufacturing jobs disappeared. Fortunately, 16 million net new jobs were created, 11.6 million of which paid higher wages than did the 3.3 million lost manufacturing jobs."
In the context of this thread, I agree that on a local level, foreign owners and global competition may create job losses in St. Louis for beer, Detroit for cars, Pittsburgh for steel....
On a national level however, there is more value being created today by higher skilled and better paid employees than there was 10 years ago, and that's not a bad thing...
(and I'll leave it to the more astute to draw parallels between global events and the impact on local florists...)
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