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Jim Cramer Says OEMs Should Move American Auto Manufacturing To Mexico For $5/hour In Response To UAW Demands

⁨382⁩ ⁨likes⁩

Submitted ⁨⁨1⁩ ⁨year⁩ ago⁩ by ⁨return2ozma@lemmy.world⁩ to ⁨workreform@lemmy.world⁩

https://jalopnik.com/jim-cramer-has-weighed-in-on-the-potential-uaw-strike-w-1850838159

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Comments

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  • Nobody@lemmy.world ⁨1⁩ ⁨year⁩ ago

    Cramer built his career on misleading investors to pad hedge funds’ profit margins. His opinion on literally everything should be immediately discarded.

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    • Chickenstalker@lemmy.world ⁨1⁩ ⁨year⁩ ago

      He is well…regarded.

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      • willis936@lemmy.world ⁨1⁩ ⁨year⁩ ago

        He is the most regarded person on television.

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  • FartsWithAnAccent@lemmy.world ⁨1⁩ ⁨year⁩ ago

    Jim Cramer is a piece of shit

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    • agent_flounder@lemmy.one ⁨1⁩ ⁨year⁩ ago

      Hey but at least he’s an idiot.

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    • HeyThisIsntTheYMCA@lemmy.world ⁨1⁩ ⁨year⁩ ago

      nah he’s not a piece he’s the entire shit

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  • Jaysyn@kbin.social ⁨1⁩ ⁨year⁩ ago

    They should absolutely do that and hasten their demise.

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    • JJROKCZ@lemmy.world ⁨1⁩ ⁨year⁩ ago

      Because fucking over the average American is extremely profitable and he’s gotten rich off of misleading people with his “expert advice”

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  • notabird@lemmy.world ⁨1⁩ ⁨year⁩ ago

    Wait, don’t these assholes complain about Immigrants stealing jobs of Americans? Now, they want to send the jobs overseas?

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    • jasondj@ttrpg.network ⁨1⁩ ⁨year⁩ ago

      No you see outsourcing jobs is good for conservatives because it prevents illegal immigration.

      Making living conditions in Mexico so good that they wouldn’t want to come north to our shithole country is the best way to fight illegal immigration and totally pwn the libs.

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  • MargotRobbie@lemmy.world ⁨1⁩ ⁨year⁩ ago

    Well, who’s going to move all the existing tooling to factory sites in Mexico then? Where are they even going to find good factory sites in Mexico with access to good transportation (ports and rails) and skilled labor force on such short notice?

    Moving manufacturing is a major undertaking for any company, of course, I don’t expect someone like Jim Kramer to know that.

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    • OberonSwanson@sh.itjust.works ⁨1⁩ ⁨year⁩ ago

      Of course Jim Kramer doesn’t know, he’s a doorknob humping shill. 😂

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      • MargotRobbie@lemmy.world ⁨1⁩ ⁨year⁩ ago

        Pretty weird that I know more about this than Kramer.

        Maybe I should do a show where I say dumb things and give bad stock advices. Seems pretty easy.

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    • jonne@infosec.pub ⁨1⁩ ⁨year⁩ ago

      There’s already car manufacturing in Mexico, it’s not like it’s unprecedented. Obviously they can’t do it overnight, but it’s not unheard of.

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      • MargotRobbie@lemmy.world ⁨1⁩ ⁨year⁩ ago

        Of course, but the thing is, it’s been decades since NAFTA, and all the good sites for manufacturing has all been taken by someone already. So, if they try to move now, not only will they have to build the factory, they’ll have to also build power stations/railways/port expansions, which could take multiple years.

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  • GreenMario@lemm.ee ⁨1⁩ ⁨year⁩ ago

    Mexicans should unionize.

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  • Spendrill@lemm.ee ⁨1⁩ ⁨year⁩ ago

    Anyone remember when he went on The Daily Show and Jon Stewart scolded him like a naughty child and he couldn’t do anything but sit there and take it? Good times.

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    • DacoTaco@lemmy.world ⁨1⁩ ⁨year⁩ ago

      Got a link by any chance? Jon stewart scolding somebody is a fun 5min entertainment while on the shitter.

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  • ech@lemm.ee ⁨1⁩ ⁨year⁩ ago

    I mean, anybody that thought Cramer was for anything but infinite rise in profit no matter the cost hasn’t really been paying attention to his entire history of shilling for corporate intersts.

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  • stopthatgirl7@kbin.social ⁨1⁩ ⁨year⁩ ago

    Yeah, maybe don’t listen to that dude.

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    • e_t_@kbin.pithyphrase.net ⁨1⁩ ⁨year⁩ ago

      I thought I remembered hearing something about an "inverse Cramer" ETF being created, which invest opposite to whatever he recommends.

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      • mraniki@lemmy.world ⁨1⁩ ⁨year⁩ ago

        www.crameretfs.com

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  • TheTurducken@mander.xyz ⁨1⁩ ⁨year⁩ ago

    After they hear this, I expect the big three to immediatly cease all manufacturing in Mexico and add a UAW seat on the Board of Directors. Cramer’s advice should never be ignored.

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  • DrSleepless@lemmy.world ⁨1⁩ ⁨year⁩ ago

    Is Jim Cramer still a POS? Yep!

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  • Uncaged_Jay@lemmy.world ⁨1⁩ ⁨year⁩ ago

    Hasn’t VW proven that’s a bad idea? I mean look at the reliability issues they’ve been having

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    • Franzia@lemmy.blahaj.zone ⁨1⁩ ⁨year⁩ ago

      I’m out of the loop. I was under the impression all American car manufacturing started in Mexico and ended in the American Midwest / South. So it would just be moving production down that line. Did VW do manufacturing entirely in Mexico? Does VW have reliability issues? I stopped my interest after the Diesel scandal.

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      • Uncaged_Jay@lemmy.world ⁨1⁩ ⁨year⁩ ago

        Most cars built anywhere have parts sourced internationally and then finished at one plant or another. This is a link kind of detailing how much of a car is sourced from the US.

        VW has had some issues with Ignition Coils and the like, but most of their issues come from complex German engineering being put together by underpaid workers. That being said, they do have an “average” reliability score, so they’re not terrible, though the repairs tend to be costly because, again, complex German engineering.

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  • Tosti@feddit.nl ⁨1⁩ ⁨year⁩ ago
    [deleted]
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    • dumdum666@kbin.social ⁨1⁩ ⁨year⁩ ago

      That is actually easy: They don’t think about the economy as a whole. They only look what might suit them best in this exact moment to increase „shareholder value“ for a short moment.

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      • dylanTheDeveloper@lemmy.world ⁨1⁩ ⁨year⁩ ago

        Snakes eating their own tail

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    • Astroturfed@lemmy.world ⁨1⁩ ⁨year⁩ ago

      Although Henry Ford was a fucking Nazi, he had a lot of good common sense business and economic points. He made sure all of his employees could easily afford the cars they were building and it made an empire.

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      • Cethin@lemmy.zip ⁨1⁩ ⁨year⁩ ago

        Fordism.

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    • diskmaster23@lemmy.one ⁨1⁩ ⁨year⁩ ago

      Here lies the contradiction of Capitalism.

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  • blazera@kbin.social ⁨1⁩ ⁨year⁩ ago

    Move the executive jobs to Mexico too

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  • silentslinky@sh.itjust.works ⁨1⁩ ⁨year⁩ ago

    Sounds like a wonderful reason fo join !fuck_cars@lemmy.ml

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  • verdantbanana@lemmy.world ⁨1⁩ ⁨year⁩ ago

    not much more to stay in the us

    en.wikipedia.org/…/Minimum_wage_in_the_United_Sta…

    still $7.25 here and in some states working conditions laws are slacker

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    • cybersin@lemmy.world ⁨1⁩ ⁨year⁩ ago

      Sure, in the case of non-union workers, Federal minimum wage and workplace regulations are a joke. Thankfully, no UAW worker is making that minimum wage. They’re unionized for a reason.

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  • mwguy@infosec.pub ⁨1⁩ ⁨year⁩ ago

    They’ll find out that they have to pay the Cartels a big tax.

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  • Cruxifux@lemmy.world ⁨1⁩ ⁨year⁩ ago

    And in response to that we should [REDACTED] him.

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  • wintermute_oregon@lemm.ee ⁨1⁩ ⁨year⁩ ago

    This is the problem with nafta. NAFTA created an environment that is hard for unions to operate in. The big 3 can send it all to Mexico and just ship the final product back.

    Or Canada. Either is cheaper labor wise.

    It’s why nafta needs to be renegotiated.

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    • w2qw@aussie.zone ⁨1⁩ ⁨year⁩ ago

      Nafta has restrictions around worker pay. Overall though it might be bad for auto workers in the US but much more beneficial to the average American.

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      • wintermute_oregon@lemm.ee ⁨1⁩ ⁨year⁩ ago

        NAFTA is horrible for the average American. It destroys unions and wages. It allows a massive export of our jobs to other countries.

        You have a cite around workers pay? That wasn’t in the original plan.

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    • diskmaster23@lemmy.one ⁨1⁩ ⁨year⁩ ago

      Unionize Mexico

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    • Twentytwodividedby7@lemmy.world ⁨1⁩ ⁨year⁩ ago

      Canada really isn’t that much cheaper than the US to manufacture and they are also unionized. You just get the currency advantage (1USD = ~$0.72 CAD). Stellantis already moved Ram production to Mexico. The bigger issue is relative competition with Asian imports and Tesla who have no union factories because they produce mostly in the south.

      Either way, it would make little sense to move F150 and Silverado to Mexico. Hard to claim you drive American industry but produce in Mexico. I think the frustration is that multiple reasonable offers have been made and the UAW has yet to move from their original position. Which is ironic given they accused Stellantis and GM with bargaining in bad faith.

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      • wintermute_oregon@lemm.ee ⁨1⁩ ⁨year⁩ ago

        Current advantages but wages are typically lower. I know in my career field they’re about 40-50% lower. You also get the savings of not paying healthcare cost. (Most people don’t understand that employers are self insured. That means medical payments come out of expenses).

        Tesla mostly produces in Nevada and California. Texas is starting to pick up but it isn’t as union as Nevada or California.

        When my wife at the time bought her Nissan, it was more American built than any product in the same price range. It was non/-union labor but mainly built here.

        Gm has moved a lot of production to Mexico. People forget all the supply chain which has moved as well. Ac Delco moved almost everything to Mexico.

        I don’t know what is reasonable as I’m not an auto worker. I don’t buy most American car brands because they’re garbage. My two cars currently are an Audi and a Tesla. I know the Tesla was not union but Im not sure about the Audi.

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      • aesthelete@lemmy.world ⁨1⁩ ⁨year⁩ ago

        Hard to claim you drive American industry but produce in Mexico.

        Yeah Ford’s multi-million dollar “all in on America” football ad campaign will look pretty fucking ironic if they move all of their production elsewhere.

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  • ZombiFrancis@sh.itjust.works ⁨1⁩ ⁨year⁩ ago

    checks index

    Yep this would be a bad idea.

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  • whitecapstromgard@sh.itjust.works ⁨1⁩ ⁨year⁩ ago

    That’s what they are doing already. And it makes a lot of sense. The cost of living in the US is too high.

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    • IHaveTwoCows@lemm.ee ⁨1⁩ ⁨year⁩ ago

      No it isnt. The demands of the corporate fucks are too high, and their wages are too low. Club them like baby seals

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  • HellAwaits@lemm.ee ⁨1⁩ ⁨year⁩ ago

    If any of the American brands do this, then I’m never buying their brands again and I’ll go Toyota forever.

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  • dumdum666@kbin.social ⁨1⁩ ⁨year⁩ ago

    Well - why not introduce import tariffs for those goods then? Or would this be against NAFTA rules?

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