• @Nobody@lemmy.world
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    1631 year ago

    Cramer built his career on misleading investors to pad hedge funds’ profit margins. His opinion on literally everything should be immediately discarded.

    • JJROKCZ
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      461 year ago

      Because fucking over the average American is extremely profitable and he’s gotten rich off of misleading people with his “expert advice”

  • Not A Bird
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    801 year ago

    Wait, don’t these assholes complain about Immigrants stealing jobs of Americans? Now, they want to send the jobs overseas?

    • @jasondj@ttrpg.network
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      1 year ago

      No you see outsourcing jobs is good for conservatives because it prevents illegal immigration and increases profits for the shareholders.

      Making living conditions in Mexico so good that they wouldn’t want to come north to our shithole country is the best way to fight illegal immigration and totally pwn the libs.

  • Margot Robbie
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    441 year ago

    Well, who’s going to move all the existing tooling to factory sites in Mexico then? Where are they even going to find good factory sites in Mexico with access to good transportation (ports and rails) and skilled labor force on such short notice?

    Moving manufacturing is a major undertaking for any company, of course, I don’t expect someone like Jim Kramer to know that.

      • Margot Robbie
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        141 year ago

        Pretty weird that I know more about this than Kramer.

        Maybe I should do a show where I say dumb things and give bad stock advices. Seems pretty easy.

    • @jonne@infosec.pub
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      141 year ago

      There’s already car manufacturing in Mexico, it’s not like it’s unprecedented. Obviously they can’t do it overnight, but it’s not unheard of.

      • Margot Robbie
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        141 year ago

        Of course, but the thing is, it’s been decades since NAFTA, and all the good sites for manufacturing has all been taken by someone already. So, if they try to move now, not only will they have to build the factory, they’ll have to also build power stations/railways/port expansions, which could take multiple years.

  • @Spendrill@lemm.ee
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    401 year ago

    Anyone remember when he went on The Daily Show and Jon Stewart scolded him like a naughty child and he couldn’t do anything but sit there and take it? Good times.

  • Metal Zealot
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    341 year ago

    Isn’t that the go-to threat from most companies nowadays? “If we don’t get our way, we’re MOVING TO MEXICO”

    • Neuromancer
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      151 year ago

      NAFTA allows them to do it. So yes, it allows a company to avoid the unions by moving to Mexico or Canada.

        • Neuromancer
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          71 year ago

          Yes and they make fraction of what American workers do. They make more then Mexico which is why most the jobs are going to Mexico.

      • @Q67916tJ6Z0aWM@lemmy.world
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        81 year ago

        I joined the auto industry around 5 years ago. It blew my mind to some extent to be made aware that some ~25 years later, the effects of NAFTA are still to be fully realized. I had assumed that enough time had passed that any economic rebalancing would have been complete.

        The potential is there and ripe for industry to whole cloth make the move to Mexico. My company for one is rumored to have an unwritten rule that they don’t do new construction in the US, despite being a US based company.

        Only a few crown jewel US locations are really well managed and supported.

        • Neuromancer
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          71 year ago

          I am the first generation not to work in an GM auto plant in my family. The town I grew up in was built by autoworkers after nafta passed, slowly the jobs started moving north and south. Almost all the plants and associated plants closed.l as they moved away.

    • Not always Mexico, but yeah outside the US. Many of them have followed through with that. As capitalism pushes harder and harder for profits companies continue to look for ways to cut costs. Moving production to countries with cheaper labor and lax safety regulations is an easy way to do so.

  • Ech
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    1 year ago

    Anybody that thought Cramer was for anything but infinite rise in profit no matter the cost hasn’t really been paying attention to his entire history of shilling for corporate interests.

  • Turducken
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    281 year ago

    After they hear this, I expect the big three to immediatly cease all manufacturing in Mexico and add a UAW seat on the Board of Directors. Cramer’s advice should never be ignored.

    • Franzia
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      31 year ago

      I’m out of the loop. I was under the impression all American car manufacturing started in Mexico and ended in the American Midwest / South. So it would just be moving production down that line. Did VW do manufacturing entirely in Mexico? Does VW have reliability issues? I stopped my interest after the Diesel scandal.

      • @Uncaged_Jay@lemmy.world
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        11 year ago

        Most cars built anywhere have parts sourced internationally and then finished at one plant or another. This is a link kind of detailing how much of a car is sourced from the US.

        VW has had some issues with Ignition Coils and the like, but most of their issues come from complex German engineering being put together by underpaid workers. That being said, they do have an “average” reliability score, so they’re not terrible, though the repairs tend to be costly because, again, complex German engineering.

    • @Astroturfed@lemmy.world
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      1 year ago

      Although Henry Ford was a fucking Nazi, he had a lot of good common sense business and economic points. He made sure all of his employees could easily afford the cars they were building and it made an empire.

      How did we get to this point where a large portion of the country somehow believes workers shouldn’t be able to afford to buy anything?

    • dumdum666
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      211 year ago

      That is actually easy: They don’t think about the economy as a whole. They only look what might suit them best in this exact moment to increase „shareholder value“ for a short moment.

    • @diskmaster23
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      51 year ago

      Here lies the contradiction of Capitalism.