Posted on Apr 20, 2017
General Motors says Venezuela illegally seizes auto plant
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Posted >1 y ago
Responses: 6
I am of the opinion that if you do business in unstable countries you get what you deserve. They should just write it off and use the decades of profit they made before to keep their stock holder happy. I am giving them zero Phucks for their loss.
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I agree with most respondents on here regarding the risks of operating in less-than-desirable countries.
I would add that due to burdensome regulations around labor, work comp, environmental, taxation, and legal, going outside our country is one of the only ways companies can become competitive with the market. Until we address the burdens companies face simply by operating in the US, we will not find lasting ways to bring jobs back home. We all want good jobs but we can't expect to be paid $100k per year to push a button between reading pages of the current Golf Digest. (Having experience in this industry, I know this is true).
I would add that due to burdensome regulations around labor, work comp, environmental, taxation, and legal, going outside our country is one of the only ways companies can become competitive with the market. Until we address the burdens companies face simply by operating in the US, we will not find lasting ways to bring jobs back home. We all want good jobs but we can't expect to be paid $100k per year to push a button between reading pages of the current Golf Digest. (Having experience in this industry, I know this is true).
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Look for cheap production in unstable countries, and this is what you are likely to get.
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