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"I Was a Director at Amex When They Started Replacing Us with $30K Workers" [video]

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Re: "I Was a Director at Amex When They Started Replacing Us with $30K Workers" [video]

#61

Post by apawloski »

c22 wrote: post #58
apawloski wrote: post #35

Earlier quoted context omitted.

Agree. It is harder to manufacture in America when the party leader breaks critical parts of your supply chain with rapid and unpredictable tariff changes. It is impossible to lower consumer prices on a good by raising taxes on it. This is not even mentioning the astounding corruption of a president and his family personally and directly benefiting from these tariffs threats. Does the party not understand the realiti…

I think there are a lot of people who recognize these changes as not very durable and don't see an immediate political benefit to opposing them right now.

Can you clarify what you mean by "not very durable?"

Re: "I Was a Director at Amex When They Started Replacing Us with $30K Workers" [video]

#62

Post by yongjik »

only-one1701 wrote: post #57
yongjik wrote: post #37

Earlier quoted context omitted.

Protectionism may work in some cases, but even when it works, it works by making things more expensive. People don't buy American cars because it's cheaper to make similar cars in Mexico. Fine, so let's force companies to make cars in America. It's now more expensive (otherwise we won't be importing from Mexico in the first place). You add more and more protectionism, it may get some jobs back, but the price is that…

Yeah I’m sure the savings will be passed onto the consumer, genius

Savings are literally being passed onto the consumers. The #1 reason people buy imported goods is that they are cheaper: if they're the same price as domestic goods then there will be little incentive to buy imported goods and domestic jobs won't be going away.

In other words, the only reason foreign industry threatens domestic jobs is because it's cheaper to produce the same thing in these countries and the cost savings are being passed on to domestic consumers.

Sometimes I wonder if we're simply living in different realities. You may claim it's not worth it, but you can't claim it's not happening. Just go to grocery and see the prices of Mexican avocados and everything.

Re: "I Was a Director at Amex When They Started Replacing Us with $30K Workers" [video]

#63

Post by only-one1701 »

yongjik wrote: post #62
only-one1701 wrote: post #57

Earlier quoted context omitted.

Yeah I’m sure the savings will be passed onto the consumer, genius

Savings are literally being passed onto the consumers. The #1 reason people buy imported goods is that they are cheaper: if they're the same price as domestic goods then there will be little incentive to buy imported goods and domestic jobs won't be going away. In other words, the only reason foreign industry threatens domestic jobs is because it's cheaper to produce the same thing in these countries and the cost sav…

If you think that software isn't meaningfully different than avocados then maybe we are living in different realities.

Re: "I Was a Director at Amex When They Started Replacing Us with $30K Workers" [video]

#64

Post by missedthecue »

bagacrap wrote: post #46
missedthecue wrote: post #38

Earlier quoted context omitted.

Are you in Europe or something? It's the most popular credit card among Gen Z and Millennials. 1% of US GDP goes through Delta co-branded Amex cards.

US data, total transactions: Visa: $3 trillion, 52% Mastercard: $1.4 trillion, 24% American Express: $1.1 trillion, 19% Discover: 0.3$ trillion, 5%

Nearly as common as Mastercard is shocking. Didn't know it was that close

Re: "I Was a Director at Amex When They Started Replacing Us with $30K Workers" [video]

#65

Post by meowface »

gorbachev wrote: post #28
stronglikedan wrote: post #20

Earlier quoted context omitted.

In my opinion, it's because the two party divide has reached the point of extremism on both sides, and extremists act on emotion rather than logic or reason. Up until a couple of decades ago, they both did a good job of keeping their more extreme members out of sight and mind. Now they're embracing and amplifying them.

It's not extremism. It's plain old American capitalism. Both parties are being funded by the same people, so both parties play ball with the same set of funders.

Conspiracist nonsense. Like, this could hypothetically explain a few things for a few industries where both parties somewhat align, but in general this is populist slop.

Re: "I Was a Director at Amex When They Started Replacing Us with $30K Workers" [video]

#66

Post by kyleee »

apawloski wrote: post #61
c22 wrote: post #58

Earlier quoted context omitted.

I think there are a lot of people who recognize these changes as not very durable and don't see an immediate political benefit to opposing them right now.

Can you clarify what you mean by "not very durable?"

US presidency is very short

Re: "I Was a Director at Amex When They Started Replacing Us with $30K Workers" [video]

#67

Post by mindslight »

apawloski wrote: post #61
c22 wrote: post #58

Earlier quoted context omitted.

I think there are a lot of people who recognize these changes as not very durable and don't see an immediate political benefit to opposing them right now.

Can you clarify what you mean by "not very durable?"

They're assuming normalcy will return after the senile tenant-from-hell is either evicted from his taxpayer-provided housing or just keels over, ignoring that the senile guy writes angry screeds about how he's not going anywhere and was put and is kept there by a whole conspiracy of enablers.

Re: "I Was a Director at Amex When They Started Replacing Us with $30K Workers" [video]

#68

Post by sumedh »

spwa4 wrote: post #26

That pretty much describes Indian work culture/ethic. Let's say "aggressive" work hours, and you just let your manager claim whatever he wants and agree with it, against everyone. "Yes", "Yes, sir". And then, yeah, when the time comes that the work needs to be delivered, odds of it actually being done, let's say 50/50 at best. Does your manager even want to know the truth? Mine does, but that's only the case because…

> against everyone. "Yes", "Yes, sir".

The Indian manager has the power to fire that employee, finding another job is difficult, so from the employee's perspective it's safe to just say yes.

Re: "I Was a Director at Amex When They Started Replacing Us with $30K Workers" [video]

#69

Post by sumedh »

epolanski wrote: post #5

That's how capitalism works, eventually everything gets moved where it's more efficient. Obviously, time and time again has proven that outsourcing is not always more efficient.

By that definition companies should just employ children because they are cheap.

Re: "I Was a Director at Amex When They Started Replacing Us with $30K Workers" [video]

#70

Post by donkeybeer »

quacked wrote: post #47
yongjik wrote: post #37

Earlier quoted context omitted.

Protectionism may work in some cases, but even when it works, it works by making things more expensive. People don't buy American cars because it's cheaper to make similar cars in Mexico. Fine, so let's force companies to make cars in America. It's now more expensive (otherwise we won't be importing from Mexico in the first place). You add more and more protectionism, it may get some jobs back, but the price is that…

Well, of course, I agree with you. That's why I said I don't think it would happen. I personally wouldn't mind a world where consumer goods were much, much more expensive and difficult to acquire, even though it would mean that my life would feel harder and less wealthy than it does now. What I don't understand is whether or not there's any path to take besides watching the country gently sail along the sunset path i…

That's very nice but to people middle class and lower, it's not about paying a higher price, it's being able to buy what is needed to live at all. I still don't see what is wrong with capitalism. It did show that many self proclaimed advocates of capitalism were liars and changed to hardcore communist economics and became sore losers when they felt "someone else" is "winning".
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