Most publicly traded manufacturing-based companies in the US will eventually do one or more of the following:
1. Be bought by or merge with another publicly traded US company. CEO's and boards of directors of successful companies see strength in numbers/bigger is better, $$$$$, and an extremely unstable and uncertain future and try to cash out. Take the money and run. Sometimes millions or much, much more is spent to simply buy a successful brand name.
2. Move most or all production overseas. Easier to pay employees less than $1/hour and not have to deal with OSHA, EPA, pay for healthcare, etc.. Easier for US companies to hide revenues from US taxation when mfg. is being done elsewhere, too.
3. File bankrupcy, restructure, screwing over and financially stressing their creditors, or fail totally.
4. Be bought by a company in a foreign nation or a foreign nation disguised as a company. Same "cashing out" "bigger is better/strength in numbers", and "brand name" statements as #1 above.
4b. See #2 above.
There's little or no future for manufacturing most products in the US and little or no reason for US ownership of these companies continuing on this path we're on. Wages and other production costs are too high for most of the world market and constant pressure (and fines) from "regulatory agencies" cause companies large and small to pack up and go elsewhere or throw in the towel totally. Few US manufacturing companies can compete and market their products worldwide. When it comes to the majority of the goods we depend on for everyday life, we are soon destined to be slaves to the world.
Cargo ship captain might be a good job to transition into.
AG
This post was edited by AG in IN at 06:28:41 06/13/13 4 times.
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