My wife and I often are at odds over CEO pay, endorsment pay, and the like. We both are pro-business (very much so in fact). My wife works in big business moving lots and lots of money, some people in her industry make a lot of money. They work hard and they are good at what they do and most of us can’t understand what they do because they trained and worked at it for years. So when I tell my wife did you see the news what so and so made last year, that’s crazy. So of course my wife tells me “no one is ever over paid”. Of course in private business she is right, if they get someone dumb enough to give them that amount of money why should they not take it right. So my argument is yes, you are right, but they won’t get a dime from me. And they won’t get any of my money, because I refuse to spend money on some products.
So my point is trying to apply some balance to the trade imbalance we find ourselves in. Can we blame a CEO for making his products in China were they have people to work for next to nothing? Would you if you were in those shoes? I might if I felt I would go out of business if I did not. But the bottem line is the bottem line. If the CEO finds a market for certain goods he/she will make and bring those products to market. If enough of us don’t express an interest in products that are made in the USA, why would they risk a large investment to bring those products to market. It is their money they are risking, not ours. So lets create that market. Lets tell them that we would rather keep some jobs and our money home, it is our money until we spend it. Vote with your money.
I’m not anti Chinese or anything like that. I just think there is a bigger picture out there. Yes cheap Chinese goods allow us to own more, but I think that cheap purchase comes with some long term cost. We continue to loose our factories and infastructure to produce. We send out more money then we bring in (and lets face it we also borrow the money we send out). We owe are children more then a cheap DVD player. We should not put ourselves in a postition to need anyone but ourselves. We have already lost so much industry we can’t sped money at home on many things, for example computers, TV’s, most electronics. Those jobs are gone and it would take a huge need/reason to bring them home. Lets start the reason before we have the absolute need.
Being a CEO is not easy. Not everyone can do it. CEOs should get a nice salary. However, too much can be bad (especially when there are layoffs). There has to be a happy medium.
Products made with cheap labor are of lower quality. They break down. I would pay more for a DVD player and a TV if it was made here.
You are right on with the CEO. Not many people can run large companies, but there must be some balance. I just hate when I see a company that is struggling and the CEO still gets a huge paycheck. Case in point Ford.
I would pay quite a bit more for an American DVD player. Are there any? I’m pretty sure there are not.
I don’t think there are any American-made DVD players. We never really got a chance to make them.