It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
“At one time I made things and I took pride in the things I made, and my belts whirred, and my engines cranked,” Rowe says in the video, delivering a monologue from the perspective of the factory as related images flash across the screen. “I opened my doors to all and together we filled pallets and trucks. I was mighty. And then one day the gears stopped turning.” “But I am still here and I believe I will rise again,” he continues. “And we will build things, and build families and build dreams. It’s time to get back to what America does best. Because work is a beautiful thing.”
The reason Foxconn may be of interest is that as Reuters reports, as a result of soaring wages on the mainland, and in its ongoing strategy to keep worker compensation as razor thin as possible, the fabricator is now actively looking to expand outside of China. Among the places considered? Indonesia of course. And, drumroll, the United States! In other words, from the perspective of Foxconn, US labor now has greater wage competitiveness than China. Link
One can't help but wonder WHY Wal-Mart would do this, but I guess we will have to see. It is nice to see something positive lately, and I hope that it does some amount of good regardless.
Maluhia
Don't see it happening. Wal-Mart is all about profits. End of story.
Metallicus
That is a lot of money from a company that can afford to do some good.
Personally, I am proud to see them trying go do something positive.
thesaneone
Maluhia
Don't see it happening. Wal-Mart is all about profits. End of story.
They can't profit if there are no jobs.
So by helping others they help themselves.
theMediator
Great, jobs that will pay so bad, people will just have no choice than to buy from walmart.
Give them 5-8% off and they'll have good slaves...just more sign that america's going down.
They can't profit if there are no jobs.
What is Walmart’s plan to deal with these losses? The corporation plans to fire more workers, and keep wages stagnant, citing the decline in fourth quarter profits as justification.
LOSTinAMERICA
reply to post by Kangaruex4Ewe
I take back every nasty thing I ever said about Wally World. I do not see any company putting their money up to help the nation that made them rich except this one. Say what you want because actions do speak louder than words. Bravo! Bravo!