Jim Cramer Says OEMs Should Move American Auto Manufacturing To Mexico For $5/hour In Response To UAW Demands
Jim Cramer Says OEMs Should Move American Auto Manufacturing To Mexico For $5/hour In Response To UAW Demands
Just completely gut American auto manufacturing. What could go wrong?
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Well, who's going to move all the existing tooling to factory sites in Mexico then? Where are they even going to find good factory sites in Mexico with access to good transportation (ports and rails) and skilled labor force on such short notice?
Moving manufacturing is a major undertaking for any company, of course, I don't expect someone like Jim Kramer to know that.
Of course Jim Kramer doesn’t know, he’s a doorknob humping shill. 😂
Pretty weird that I know more about this than Kramer.
Maybe I should do a show where I say dumb things and give bad stock advices. Seems pretty easy.
Not really shocking, I’m pretty sure the aforementioned doorknob, could give more insightful investment information than Kramer lol.
Unfortunate that neither of us has an in, to get his job.
Well, one of us did make a cameo on "The Big Short", so...
You're overqualified.
There's already car manufacturing in Mexico, it's not like it's unprecedented. Obviously they can't do it overnight, but it's not unheard of.
Of course, but the thing is, it's been decades since NAFTA, and all the good sites for manufacturing has all been taken by someone already. So, if they try to move now, not only will they have to build the factory, they'll have to also build power stations/railways/port expansions, which could take multiple years.