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Boeing workers vote to strike
201–210 of 578 posts
Re: Boeing workers vote to strike
#202Earlier quoted context omitted.
No it won't, because only about 30% of F150 parts are made in the US. The rest are made elsewhere - mostly China. This is not 1940, and the US simply doesn't have the strategic industrial base it used to. Off-shoring made some people a lot of money and lowered consumer costs (while simultaneously cutting consumer pay.) But it was economically and strategically unwise. The US is set up to run small-scale wars against…
Considering the US hasn't won a single war against technologically and numerically inferior opponents since the turn of the century, I think we have even more fundamental problems than just a rusty war machine dependent on Chinese blue jeans. Now granted I might be unfair to the US here; the Middle East is known as the graveyard of empires for a reason.
The US clearly choose to lose all wars lost though. The military was doing just fine, but the people back home got sick of the efforts.
Re: Boeing workers vote to strike
#203Unlike the idea I’ve initially got from reading some of the comments here, the workers aren’t striking for long overdue measures that will save the company and get engineers back in charge of Boeing. They are striking to get the biggest share possible of the pie before Boeing completely crumbles down. Reading the news, there isn’t a single demand from the workers that’s about trying to get the company back on its fee…
And why would they demand that? That’s management’s responsibility. The workers want fair compensation for their labor.
Because they have a set of specialized skills with only a few potential buyers, and if they kill this one, they’ll have very limited options that use their skills without massively uprooting their lives.
Re: Boeing workers vote to strike
#204Just watched a documentary on Boeing an hour ago. It’s incredible that they avoided criminal prosecution despite two planes crashing, door popping out and then paperwork somehow going AWOL. Also Boeing knew about wiring issues since 2022 and the FAA only issues an inspection order in ‘24. Gonna try and avoid Boeings of all types going forward
Once you start thinking of Boeing as a government agency with less oversight that poses as a for-profit corporation, a lot of things start to make more sense. Including what you wrote about.
Re: Boeing workers vote to strike
#205It should be illegal* to post articles about strikes without including details on current deal, current offer, and union demands. All these pieces try to influence your opinion without providing any details! Maybe the union demands are reasonable, or maybe they're not. Give me specifics please! *obvious hyperbole
The specifics are literally in the article.
Re: Boeing workers vote to strike
#206Earlier quoted context omitted.
or they could come here to Toulouse to work for Airbus ^^
That's not a great plan if what they're looking for is a higher salary though. Engineering in western Europe doesn't pay nearly as well as in the US.
Yes but Toulouse is way cheaper than any Tier 1 city in the US and you have to include insurance/health, school cost in the US (I'm from Toulouse and living in the US for more than 10 years). If you make 250k/year in Tier 1 city in the US it's probably as good as making 80k/year in Toulouse.
Re: Boeing workers vote to strike
#207Just watched a documentary on Boeing an hour ago. It’s incredible that they avoided criminal prosecution despite two planes crashing, door popping out and then paperwork somehow going AWOL. Also Boeing knew about wiring issues since 2022 and the FAA only issues an inspection order in ‘24. Gonna try and avoid Boeings of all types going forward
Once you start thinking of Boeing as a government agency with less oversight that poses as a for-profit corporation, a lot of things start to make more sense. Including what you wrote about.
I’m not really sure this framing makes any sense if I’m being honest.
Re: Boeing workers vote to strike
#208Earlier quoted context omitted.
Stock buybacks are mathematically identical to dividends if you work it out. And yes, people track that, and yes taking loans to pay dividends is a favorite trick of dying companies.
Do you have to pay taxes on dividend under American law ? If so I guess that makes stock buyback better from a point of view of shareholders
You pay taxes in Dividends, which is one reason shareholders generally don't like them. A lot of shareholders are also in the savings phase of their life - they are working some other job and don't need the income from Dividends yet and so getting a dividend is a bad thing as it is more money they have to invest (particularly if you have to pay for each trade which is common). Shareholders who are retired like dividends because it is a simple paycheck without needing to sell their shares and they would be paying those taxes anyway.
Re: Boeing workers vote to strike
#209Earlier quoted context omitted.
And why would they demand that? That’s management’s responsibility. The workers want fair compensation for their labor.
Because they have a set of specialized skills with only a few potential buyers, and if they kill this one, they’ll have very limited options that use their skills without massively uprooting their lives.
The workers aren't the ones killing the company.
Re: Boeing workers vote to strike
#210Earlier quoted context omitted.
or they could come here to Toulouse to work for Airbus ^^
Do they do any applicable work down in Alabama, or is that just manufacturing?
That's who went on strike. "Tens of thousands of machinists voted Thursday to reject a proposed deal between the company and the union." This was the IAW manufacturing folks rejecting a contract, not the SPEEA engineering folks.