Thread: Ford Record Profits – By Shipping Our Jobs Overseas

Ford Motor Company Is Making Record Profits – By Shipping Our Jobs Overseas

The American Dream
Oct 27, 2010

On Tuesday, Ford Motor Company reported a record breaking profit for the third quarter. Ford earned 1.7 billion dollars during the quarter, which was way up from a profit of $997 million a year ago during the same time period. Ford CEO Alan Mulally is being hailed as a miracle worker, and investors are giddy about the future of the company. So is all of this success by Ford translating into good jobs for American workers? No. As described in a recent article on MSNBC, Mulally has been â€

People love to criticise unions, but in reality few situations are black or white. It has been pointed out elsewhere that for all their faults and corruption at least unions made sure that when the fat cats of a company profited, the workers got some too. Now there is no guarantee of that, and a post union world will probably resemble the 1920s where a few got very rich, but most people just got by. And it did you little good to change jobs back then, as they all paid fairly poorly.