US labor is expensive, this elimination will help keep my alchohol prices down : )
Sorry for those who lost their jobs tho.

 

Foreign labor won't seem so cheap when you dont have a job

 

Oh well, no more Red Stripe for me.....

 

Once again you live up to your screen name;

The economy of Switzerland is one of the world's most stable economies. Its policy of long-term monetary security and political stability has made Switzerland a safe haven for investors, creating an economy that is increasingly dependent on a steady tide of foreign investment. Because of the country's small size and high labor specialisation, industry and trade are the keys to Switzerland's economic livelihood.

Switzerland has achieved one of the highest per capita incomes in the world with low unemployment rates and a low budget deficit.

That all sounds pretty good to me, where can I sign up?

 

at your local airport.

 

It's fine if you don't agree with unions or paying people a decent living wage, but you don't mess with people's pensions. That's just f'd up and it's not the America I love.

 

No, the elimination of these jobs will increase margins, not keep prices down. Competition is the one and only thing that keeps prices down.

 

Thanks for copying and pasting the first paragraph of the wikipedia article entitled "The Economy of Switzerland" (link) to show us how much you know about international economics.

Clearly you did not understand my post. I was simply stating that there are plenty of alternative countries out there if an individual is massively butthurt about living in this one. Replace Switzerland with any country and you get the same effect...

thanks for playing though.

 

You have clearly never taken an economics class. Allow me to introduce you to my good friends Supply and Demand.

 

No I got it pretty clearly- the statement of your post was quite evident- in your abject ignorance, you think the broken financial system that is driving the US and much of the rest of the world towards another great depression is the greatest system in the world, so anyone who recognizes that it isn't should move someplace where things are worse.

Copying the intro to the wikipedia article was just faster and easier than extemporizing on the subject, but it does support my counter argument that the US is not the best place in the world economically speaking, and that it is you who clearly does not understand international economics.

I've been there several times and can tell you from personal experience that Switzerland is one of several examples of countries where well-regulated capitalism creates a higher standard of living and higher per capita income than the corrupt and broken oligarchy that has come to rule the US.

If you wanted to offer someone an alternative to capitalism, you could have suggested Denmark or Sweden, which actually have some socialism mixed in, but both of them also offer a higher standard of living than the US- OK here is another wikipedia page for you to look at next time you want to ship someone off-
List of countries by GDP (nominal) per capita - Wikipedia, the free encyclopedia

you should try to pick a country below the US on one of these lists for maximum effect...

I won't even start with supply and demand, you know they did have econ classes with bigger numbers than 101 in front of them, but I guess you missed those...

 

Very unfortunate situation. Defined benefit plans are very tricky. (I'd love to have one myself)

If there were underfunded pensions somewhere else in the company, they may have tried using your surplus to offset. Unless you are in a defined contribution plan like a 401k, there's a big risk that the surplus is going to get eaten up some way or another.

Very sorry to hear about the plant.

Jim

 

please re-read my post and point out exactly where i said that the US has the best system im the world...



oh thats right, i didnt.

 

This really has little to do with the US vs Switzerland...

I am referring to the actions of a specific company. Seizing pensions is not a capitalist vs socialist move... IMHO it's a violation of a contract.

I don't approve of Diageo's actions from an ethical standpoint; and I'm doing the most capitalist thing one can:
Giving my money to their competitors