I guess I've been in a cave; new 26 Mustang GT well equipped for 64-67k??!!

[HoldenSSVandGT350]

I just a read a lot of bullshit, while taking my own . Basic macroeconomics states to build things where the comparative advantage resides. Simple. Build where labor is cheaper and you get a more affordable product, build where labor is higher and it costs more. Done. Same goes for materials procurement.

So, when I see some comments complaining about the cost of vehicles while also complaining about foreign labor content my eyes cross and eye brows lift, in that order.

That said, I fully support worker organization/unions and for the labor class to get a seat at the table and to negotiate for themselves. I do not support large corporations crying poor and blaming the worker’s wages during said negotiations whilst simultaneously racking up record profits and performing massive share buybacks.

And don’t get me started on tariffs and the like, thread locks to follow

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[HKusp]

I was just posting what I had read and was not verifying the validity of the value. We have a living wage figure here in the UK, but of course things like healthcare, holiday pay and pensions are no additional cost here so adjustments need to be made.

Not sure why the second part of your post is there - adds nothing to the discussion at all.

GDP does NOT determine the value or authority of an opinion. Maybe our opinion is valued unlike those of some I could mention

The authority of an opinion should have something to do with the amount of skin you have in the game that you have the opinion about. I imagine the opinion of the chickens means a lot more to the chickens, than the opinion of the fox, about what's for dinner.

 

[MAGS1]

The authority of an opinion should have something to do with the amount of skin you have in the game that you have the opinion about. I imagine the opinion of the chickens means a lot more to the chickens, than the opinion of the fox, about what's for dinner.

So, what California does matters more than any other state here then, right? They are the state with the largest GDP in the country and have a GDP larger than most countries (at last look, they are the 4th largest economy in the WORLD). Top 5 states by GDP:
California
Texas
New York
Florida
Illinois

Those states get to call the shots for everyone else in the US, right? They have the most “skin in the game” as far as our country’s economic output, so…

That’s the logic of your argument

 

[HKusp]

So, what California does matters more than any other state here then, right? They are the state with the largest GDP in the country and have a GDP larger than most countries (at last look, they are the 4th largest economy in the WORLD). Top 5 states by GDP:
California
Texas
New York
Florida
Illinois

Those states get to call the shots for everyone else in the US, right? They have the most “skin in the game” as far as our country’s economic output, so…

That’s the logic of your argument

Except my argument is on an international level. California is part of the United States, as you know. It has more representation than Rhode Island because of population, but that is an entirely different argument.

 

[Cobra Jet]

It’s really no different than a $150k Ford PICkUP truck…. LOL…. Since when did a pickup truck cost 6-figures?

 

[Gregs24]

The authority of an opinion should have something to do with the amount of skin you have in the game that you have the opinion about. I imagine the opinion of the chickens means a lot more to the chickens, than the opinion of the fox, about what's for dinner.

I was simply quoting from a US website on living wage that I found. I have no skin in your game but that website clearly does.

Here is another site - I cannot confirm the validity but the method of calculation is there.

Living Wage Calculator

As regards the might is right GDP argument - be careful for what you wish, China will soon be making all your decisions using that principle!

 

[Gregs24]

So, what California does matters more than any other state here then, right? They are the state with the largest GDP in the country and have a GDP larger than most countries (at last look, they are the 4th largest economy in the WORLD). Top 5 states by GDP:
California
Texas
New York
Florida
Illinois

Those states get to call the shots for everyone else in the US, right? They have the most “skin in the game” as far as our country’s economic output, so…

That’s the logic of your argument

Not just that but extend it globally!

Lithuania is a small country with a small GDP, they have to do what we say ....... I don't think so!

 

[Gregs24]

Except my argument is on an international level. California is part of the United States, as you know. It has more representation than Rhode Island because of population, but that is an entirely different argument.

Which is even more concerning!

Better brush up on your Mandarin

 

[Gregs24]

It’s really no different than a $150k Ford PICkUP truck…. LOL…. Since when did a pickup truck cost 6-figures?

It's called inflation

 

[robvas]

What options do you need to add to get a $150k pickup?

 

[Strokerswild]

I knew they cracked $100K not long ago, but $150K???

I wonder how long this will be sustainable....

 

[geep81]

I wonder how long this will be sustainable....

For as long as rich people exist.

 

[Strokerswild]

For as long as rich people exist.

Or those that think they are. Lots of them in my neck of the woods.

 

[MAGS1]

What options do you need to add to get a $150k pickup?

F-150 Raptor R with no additional options/accessories is $115K…

 

[MidwayJ]

I do not support large corporations crying poor and blaming the worker’s wages during said negotiations whilst simultaneously racking up record profits and performing massive share buybacks.

While I generally agree, I understand why a corporation would cite workers' wages as a cost disadvantage when major competitors operate in the US with non union labor. Also, it's not as simple as "everyone makes record profits" when companies like GM need bailouts.

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