Your point is quite valid, that there is a huge difference in scale with these 2 layoffs. But the math isn't quite right.
If your figures are correct about the total # of employees, then the Cat layoff of 20,000 jobs out of 175,000 employees is 11.4% reduction of staff, not 17%.
Bottom line is that this is still a huge problem for 20,000 families, 20,000 mortgages, 20,000 health care family needs, and on and on. Headline in the Mpls Star-Trib this morning announced 55,000 jobs lost JUST YESTERDAY by big companies. That will be multiplied many times by the losses in smaller job shops, suppliers of raw materials the big companies used to produce product, independent contractors who supported the needs of the big companies, and by the merchants on main street who sold the goods and services to the now huge number of unemployed people. But, of course the people affected still have needs for housing, heating, food, medical care, etc.
We are in for big time hurt. Dayum, I shudda turned off the TV news last year, and cancelled the newspaper, and went to my optician to buy a pair of rose colored bifocals. Then all these people would still be working and there would be no pain. And 3 SILs and 1 BIL would all have their jobs back. Ya shure!!
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Tuning-Up Your Tractor: Secondary Ignition Wires and Distributor - by Curtis Von Fange. In our last episode we spent the entire day checking out the spark plugs. Is that efficency? Actually, it took more time to explain than it really did to do the inspection. At any rate we decided that a compression test was in order so we could verify the internal engine status. That way we wouldn't buy any tune up parts until we were sure that the engine was in reasonable mechanical condition. Our tests showed a fictional compression reading of 85, 80, 82 and 86 psi. That is well within a
... [Read Article]
Latest Ad:
1958 FORD RARE 4x4 801 TRACTOR, ELENCO/FRONT DRIVE, FRONTLOADER AND WEIGHTED REAR WHEELS, FIVE SPEED, LIVE PTO, GAS ENGINE, NEW REAR WHEELS AND TIRES, ENGINE RUNS.
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
