Can Trumps economic plan work?

[GMDino]

(01-10-2017, 11:22 AM)Benton Wrote: To the first part, it depends. We had a steel mill close down over the summer. The union tried to negotiate reduced wages, but the parent company (German I think) wasn't interested.

The flip side of that is when companies like Hostess. Back when we had Twinkiegeddon, the CEO of Hostess was quick to point out that workers refused to take another pay cut (they'd already accepted reduced wages and decreased benefits to keep the doors open). The union moved forward with a strike because during that same time, the CEO got a 300% pay raise and most of the upper management got significant pay increases as well.

I think the majority of US workers will accept a little less if they see the company (ie, management) is sacrificing, too. But if you you go from making $20k a day to $50k or $60k, a day you're not going to get a lot of support for asking your employees to got from $40k a year to $35k.

As far as the tariffs and effect on other markets, don't know. But it's doubtful it will have a huge impact.

Using India, a quick search had a Toyota Corolla going for about the same in India as it does in the U.S. (just under $20k or 1,493,491 rupees). They're going to sell more Corolla's here than India (according to one web site, it's about 7 times more right now). If US made goods cost more, they're still going to sell more because US workers still make more.

The Twinky thing shows up in my Facebook memories because my friends on the right did them best to blame it on the unions.

That was a damn shame.