Take for example this auto magazine article – or a mild press release , published in Oct 1992 dealing with  BMW’s announcement to open its American factory in North Carolina.  You have to remember that this is a highly subsidized announcement -  each state made great pitches , offers and tax saving inducements to the firm , to relocate ( move from where Germany ?), to the chosen US state.  Its more than amazing at how much is spent on these deals , whether it was in North Carolina or the Southern US states to build what are in effect “Screwdriver Plants”.

The greatest amount of value added is in the home country – be it Japan for Toyota or Nissan , or in this case Germany for BMW.  The really high paying jobs and skills are offshore , not in China at low dollars but rather back at “Head Office”.  Its only the mundane low paying jobs so to speak that are offered , after all of these great subsidies.  When one figures out the cost per worker, including all subsidies , to the American taxpayers you have to wonder if it would not just of been better to have paid the workers – or assemblers – just to stay home or go duck hunting.

Interesting – hidden in the middle of the press release gushing article – inside the paragraph dealing as to why BMW execs choose North Carolina over others ,  “not the least was easy access to air, rail, and highway routes , is the statement “And while initially up to 80 % of the components will be imported from Germany…… there is a good possibility ( although not probability) , that some type ( not types), of manufacturing capability ( not plural), may be added in the future.

And you think that your boss is a moron.

Fire Your mean and incompetent boss

Dementia Bay Area Zodiac

www.jerkbossesihaveknown.com

• Tracking Our Economic Recovery Last week I wrote about my reactions to the President's first press conference and particularly his comments about the stimulus...
• NFL Players' Money with the Upcoming Labor Stoppage At midnight tonight, the NFL owners and the NFL players will no longer have a collective bargaining agreement... unless there...
• Blogging – You’re Doing it WRONG! (Pt 2) This continues from part one and is part two in a two part series on what bloggers are doing wrong...
• Are we Living Larger or Living Differently? Free Money Finance wrote a couple of days ago that we appear to be living larger than we were in...

Fire Your Incompetent  Boss

People Before Profit

www.jerkbossesihaveknown.com

• An Argument For Switching To Cash-Only If you haven't already made changes in the way you are managing your money, the recession has offered an excellent...
• Justin Timberlake Shriners Hospitals for Children Open This week in the world of Golf featured the Justin Timberlake Shriners Hospitals for Children Open, located at TPC Summerlin...
• European Golf Tour This week in golf was highlighted by a tournament on the European Golf Tour. The tour featured a few big...
• How to Find Inexpensive Auto Insurance Many people these days can’t afford the rising costs of most auto insurance policies. As a result, learning how to...