Am I alone here ?

G35 Dude's picture

I’m tired. I took the job I have many years ago because the company was known as a good company to work for and took care of its people. However, in the last few years I’ve seen many friends RIF’ed, jobs outsourced, our pension is about to be frozen, health care cost has skyrocketed, and there’s been little if any increase in pay year to year. Many companies following this strategy are doing well. They do not need to do this to stay solvent. Still as greed would have them do they take all they can. My question, why is this not more of a topic in the news? Our government allows it. The media pays only passing notice. And nobody is trying to change it. I said last election that I’d vote for the first candidate at any level that had a plan to stop this. I’m still waiting.

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Still a few good companies
ArmyMAJretired's picture
Submitted by ArmyMAJretired on Tue, 10/24/2006 - 8:50pm.

After retiring from the Army, I worked for one company that went out of business, one that downsized and another that moved the company to Iowa.

The good news is that I wound up in a great foreignly owned company that treats it's employees great! I've been there almost 5 years now. They have very low turn over, great benefits (free healthcare till 2004 and now I only pay 10% for my dependents $55/mo) They match 3% on 401 (k) and an additional 3% profit share. They give 3-4% annual raises and bonuses!

My wife works for the State and she will qualify for retirement from
them after 10 years.

I wish that Bush's plan to partially privatize Social Security would be approved. Right now you own NOTHING! They can change retiremeant age, like they have already and I wonder if "means testing" is not far off, so that people that saved will be excluded from thier money!

P.S.

The Fair Tax would help us all build wealth and save for retirement!


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You're definitely NOT alone
Submitted by swmbo on Tue, 10/24/2006 - 8:30pm.

The problem, as I see it, is that a TON of baby boomers are about to retire and take their money out of the stock market. So, companies have to find ways to hold on to the money. Now, if I put a nice face on it, they are conserving money to ensure the long-term survival of the company after boomers start taking their money off the table. If I put an ugly face on it, companies are sticking it to workers so they can give their CEO's golden parachutes and keep the money among those who are "in the club".

Either way, you are not alone but you'll have to vote with your wallet (rather than a folksy campaign motto) in order to communicate to your elected officials that it is an important issue to you.

-------------------------------
If you and I are always in agreement, one of us is likely armed and dangerous.

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Do you drive a G35?
mainframecpu's picture
Submitted by mainframecpu on Tue, 10/24/2006 - 8:20pm.

No dude - you are not alone.

But the rest of us are at work so we are too busy to think about it.

You may want to learn a new skill or go back to school though - just in case!

MainFrame


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I do !
G35 Dude's picture
Submitted by G35 Dude on Tue, 10/24/2006 - 8:28pm.

Yep, MainFrame, I do drive a G35. As for going back to school, I'm in my fifties. Not really something I want to at this point and even if I did this problem is not isolated to my company. Do you know an industry that doesn't have these issues at this time ?


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Great Car!
mainframecpu's picture
Submitted by mainframecpu on Tue, 10/24/2006 - 8:45pm.

All Japanese and made in Japan- think about it. Ford is down about 5.8 Billion - But it is still the best car for the money that you can buy - except for maybe a Lexus - All Japanese too. the 3.5 liter engine in the G35/350Z is in the top ten engines for ten years - seems like ford could at least COPY it ..... guess they are downsizing too. Oh well.


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Actually !!
G35 Dude's picture
Submitted by G35 Dude on Wed, 10/25/2006 - 11:56am.

When I bought this car last year I first looked at and wanted a Mustang GT. But they were new and the dealer would not even sell one at MSRP. He wanted a premium over MSRP. That made me mad enough to feel justified in buying a car from the enemy so to speak. More corporate greed.


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It was a blessing
mainframecpu's picture
Submitted by mainframecpu on Wed, 10/25/2006 - 1:33pm.

You ended up with a better car. I bet you have already figured that out though Eye-wink It's not greedy - it's doing what is best for you and your family. Greey is stealing money from honest hard working Americans like the whole Enron fiasco. Darwin says migrate, adapt, or become extinct. Ford seems to be chosing the latter.


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Education and Medical
mainframecpu's picture
Submitted by mainframecpu on Tue, 10/24/2006 - 8:39pm.

I sure do. I know of at least two in short supply with a high demand.


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