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Yes. The companies I named didn't move out of country, they moved out of state. Comerica went to Texas. New Brunswick, & lazyboy went somewhere other than Michigan. So sad. Why did they leave? Taxes!!!!
Have fun telling yourself otherwise!!
La-Z-Boy still has a presence in Monroe. Pat Norton wanted to retire to High Point where his home was back in 2001. The family (Knabush?) let him move management there to keep him even when he got sick. He ran the company until he was like 90. Nothing to do with taxes. Everything to do with location.
I didn't comment on the other
Also, one more thing about La-Z-Boy and taxes. From 2001 a 2009, La-Z-Boy lost money. Stock went to .50. They sold off and wrote off everything. They probably didn't show much of a profit if any during that period to be taxed in the first place. Monroe was nothing but an office for the last 30 years anyway. AND it is still there.
What that instead of just leaving states, companies will just leave the country instead? This is 2012, this high tax an union crap doesn't cut it anymore.
Great! Taxes lead to the demise of lazyboy. Used to be a great company, an iconic brand. What part of Michigan taxing companies to move out of state don't you understand.
How many consumer's are out of a job now though?
It's not walmarts fault . It's the low wages outside of America and trade policy
What is happiness? The feeling that power is growing, that resistance is overcome.--Friedrich Wilhelm Nietzsche
I am ok with CEOs making the big money. They make decisions that the knuckle draggers on the assembly line don't understand, or care to understand.
I misunderstood what you were trying to say. I agree with you then.
I am not, I realize that with globalization this is going to continue to be a problem for developed nations for some time.
We need to focus on educating our workforce in advanced areas like technology, science, medicine, and finance/accounting etc.
Unfortunately not everyone can do these type of things, so for those that can't we need to figure out some way to make them more competitive on the world stage. We can't win on the pay scale, but maybe we can in other areas. We are also going to have to accept that the days of assembly line workers being paid $35 per hour are over. No matter how productive our workforce might be there are too many cheaper and just as productive workers around the world for our citizens to be demanding a premium for their labor. I am not advocating slave wages, just realistic wages.
Either we accept lower wages for low end manufacturing, or we won't have manufacturing anymore. Optimally we need to replace it with high end manufacturing that requires a an educated work force, but that will take time and will always be a battle.
So much of this.
Paying someone >$35 to dig a ditch is outrageous.
Thing is unions are like gator fans, same are good (IBEW being an example) and some are so bad (automakers being an example) they make you hate the whole fan base
No I did not lose a sig bet, but I am really really really ridiculously good looking.
For what is worth I drive dedicated for walmart and I pick up at a lot of small US company's that if it wasn't for walmart they would not be open for business. Walmart makes up anywhere to 50% to 85% of their business.
The voice of reason Lol.
Nothing wrong with the idea of Unions.
Most of the people complaining about Unions ITT would be complaining about mandatory 6 day work weeks, no paid vacation, no benefits, etc, if labor unions never existed.
Its easy to criticize Unions when you are ignorant of the benefits that they have provided.
Like everything else these days, they are just another broken part in a a broken political system.
This post was edited by rms02d 17 months ago
For someone that says a lot of stupid things on this board.....
This comment takes the cake.
Your lack of awareness on this issue combined with all your comments about wages, international trade, economics, Papa Johns, etc., is hilariously ignorant.
There was a time and place for Unions. That time is no longer here.
This post was edited by xxmgobluexx 17 months ago
I remember when the auto bailout was happening it came out that something like $ 2,000-2,500 per car went to union retirement pensions. Like JC said years back they served a purpose but now adays all they do is push up the cost of goods and make it harder to do business. The Sandy incident was awful. A state turning down help bc they weren't union workers while people were freezing to death.
"People always ask me if I wish I were bigger. I tell them no. I always wanted to be a miniature badass." Dustin Pedroia
Excuse me... This post is pure bullshit. To say someone is in a manual labor job for a reason I really hope your not saying that they aren't good enough to be the CEO, or on the board of trustees or an executive. You honestly sound like a person who is a first time supervisor of a union group of employees. It isn't like a non union workforce. Learn the game, it isn't hard.
I work for a union (my company has 50,000+ employees BTW) and hate it. I actually hate all unions. No one has to be accountable for their actions because the union is there to bail them out. At my place of employment the union breeds laziness...
The "Sandy incident" you reference never actually happened.
Two area utility systems - Huntsville Utilities and Joe Wheeler Cooperative - mentioned in media reports claiming their crews were not allowed to help with storm aid in New Jersey because they were non-union said this morning the story is untrue.
Free handout Lazy Americans should love high paid CEO's - their Tax is funding Obamacare, Obamaphones, Obamafare, and Obamahousing.
Their only requirement is to leave the house once every 4 years to vote to keep their free ish.
If jobs going overseas increases the competitiveness of American businesses and, as a result, increases the standard of living in the US, then yes, I am in favor of jobs going overseas.
But we keep shopping at walmart. People lose their jobs(like my husband did yesterday) and we are forced to shop at places like walmart to try to save every penny we can.
Taxes weren't the reason La-Z-Boy went to High Point.
La-Z-Boy stock is now trading at $15 per share. Earnings are way up. They are doing just fine. Thought I'd share the info and basic common knowledge.
If you have a problem with michigan, that's fine, but, to make ish up about a company you KNOW NOTHING about makes you look silly and petty. Have a happy day, brah
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