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Post by Savoir Faire-Demogague in NJ on Feb 8, 2012 15:42:52 GMT -5
www.foxbusiness.com/industries/2012/02/08/toyota-shifts-some-hybrid-production-to-us/Toyota Shifts Some Hybrid Production to U.S. Toyota Motor Corp will shift production of its Highlander hybrid sport-utility vehicle from Japan to Indiana, where the Japanese automaker will invest $400 million to expand its factory and add 400 new jobs. Toyota now makes the Highlander and Sequoia SUVs and the Sienna minivan in Princeton, Indiana, where the company now employs nearly 4,000 workers. Toyota plans to export some of those Highlanders to other countries. With the expansion, Toyota will be able to build an additional 50,000 hybrid and gas-powered Highlanders, Yoshi Inaba, president and chief operating officer of Toyota's North American operations said during the Chicago auto show on Wednesday. During his remarks, Inaba touted the economic impact of the expansion and said each auto job would create three and a half "spin-off" jobs. Last year, Toyota opened a new plant in Mississippi to make Corolla cars that were built in Japan, creating 2,000 new jobs. "As a result of moving Highlander hybrid production to Princeton from Japan and expanding capacity for the gas model, we will create 400 more American jobs and many more at our U.S. suppliers," Inaba said. Toyota is readying a burst of new models due in the United States this year that the automaker hopes will help it regain lost ground after a tough 2011 marred by production losses in the wake of the March earthquake in Japan. Last week, Toyota officials noted that competition in North America has stiffened this year as the Detroit automakers improve their quality. The move also comes as Toyota and other Japanese companies are also seeking ways to temper the effect of the strengthening yen against the U.S. dollar. The soaring yen makes it cheaper to buy commodities and potentially buy overseas assets, but it also diminishes earnings from major auto markets such as the United States. In November, President Akio Toyota said the company may "deepen alliances with suppliers and dealers" to offset the yen. Read more: www.foxbusiness.com/industries/2012/02/08/toyota-shifts-some-hybrid-production-to-us/#ixzz1lpDjjga2
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Phoenix84
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Post by Phoenix84 on Feb 8, 2012 15:46:16 GMT -5
"Either we are going to have to figure out how to create more high value products or we may have to judiciously implement tariffs. No one can out-compete free labor and that is what a lot of Chinese are."
Those are the only two solutions I can think of. As I said, if we want more money, we'll have to prove our products and services are worth more money. Otherwise I guess tarrifs could do it, but would have unforseen and possibly bad consequences in their own right.
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Post by Savoir Faire-Demogague in NJ on Feb 8, 2012 15:57:06 GMT -5
"Either we are going to have to figure out how to create more high value products or we may have to judiciously implement tariffs. No one can out-compete free labor and that is what a lot of Chinese are." Those are the only two solutions I can think of. As I said, if we want more money, we'll have to prove our products and services are worth more money. Otherwise I guess tarrifs could do it, but would have unforseen and possibly bad consequences in their own right. Oddly enough, what we import from China is said to be 'carp' by many here. However, what we export to China is high level technology products(electronics/computers, machinery, etc.).
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Deleted
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Post by Deleted on Feb 8, 2012 17:55:35 GMT -5
It was in the wake of these escalations that black teenage unemployment rose to levels that were three or four times the level in 1948. Even in the most prosperous years of later times, the unemployment rate for black teenage males was some multiple of what it was even in the recession year of 1949. And now it was often double the unemployment rate for white males of the same ages
This has nothing to do with minimum wage. Here is the problem; the vast majority of blacks come from single family homes where they don't know dad, or any kind of responsible male role model. Dad has already fathered half a dozen kids with half a dozen baby mommas by the time he is 23...and they are all taken care of by one grandmother or another.
The kids see this as acceptable behavior and repeat the pattern. They really don't see anyone around them getting up early and going to work, and they repeat the pattern.
They watch TV and want $350 sneakers, but don't realize that things should be earned.
It's a mess.
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handyman2
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Post by handyman2 on Feb 8, 2012 20:27:08 GMT -5
As for the young people getting hired I have been told by some business people that anyone under 19 they won't hire them. Their reasoning is they are just not dependable. They come to work and get a pay check then have all kinds of reasons why they need days off. They seem to have no commitment they say. So is part of the problem being that we are not instilling responsibility in our youth?
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Don Perignon
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Post by Don Perignon on Feb 8, 2012 22:20:45 GMT -5
Production costs were much lower in the old days. Back in the 1800's, American manufacturers exported American textiles all over the globe and got fabulously wealthy... thanks to child laborers who worked at the looms and spindles 12-hours a day, six days a week. The conservatives will never forget how the liberals and the progressives changed all that, nor will they ever forgive them for it.
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formerexpat
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Post by formerexpat on Feb 8, 2012 22:44:24 GMT -5
Yes, if I have to pay $10 an hour for a job that's only worth $5, then I'm going to hire 1 person and have them do twice as much. With the number of unemployed out there, there will surely be someone willing to do it.
Yes, this is an issue too - kids will only be as good as or have the work ethic that they develop from their parents teachings.
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djAdvocate
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only posting when the mood strikes me.
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Post by djAdvocate on Feb 8, 2012 22:44:28 GMT -5
amongst youth and minorities? Thomas Sowell had an op-ed article where he argued that why bother arguing it, when you can simply review history?
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dumdeedoe
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Post by dumdeedoe on Feb 9, 2012 0:09:42 GMT -5
First of all its not just a African American problem its youth in general. www.bls.gov/news.release/youth.nr0.htmI personally think it is a cultural thing.Our kids don't have a workers mentality anymore. We are catching Europe slowly but surely: epp.eurostat.ec.europa.eu/statistics_explained/index.php?title=File:Youth_unemployment_rates,_2008-2011Q3,_(%25).png&filetimestamp=20120127135533 And yes work is evil, I would much rather have a son that is overwieght,plays nintendo 18 hours a day and won't leave the house until he is 30....THAT IS PROGRESS>>>>>>>> And gosh I had a grandfather that grew up in that era... He was part of the greatest generation. And was one of the hardest working men I ever knew... but the culture that grew him was just bad I guess.........
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Phoenix84
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Post by Phoenix84 on Feb 9, 2012 0:36:07 GMT -5
"Yes, this is an issue too - kids will only be as good as or have the work ethic that they develop from their parents teachings."
There's some truth to this. But most young people don't really need the money, as their parents take care of their basic needs. It's not necessarily a bad thing young people have the luxury to focus on school rather than having to work like dogs full time 14 onwards.
I had jobs throughout most of high school and college. I was pretty dependable, but didn't always take a ton of extra hours. Most of the time I'd work 12 hours a week. Oftentimes I'd only want to work the weekends. It was mostly for spending money. I didn't want to kill myself doing a job I didn't need, as I was in school most of the time, and still wanted free time.
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