Screwing Mexican workers is a win-win
Here’s a nifty read from the CBC about Canadian manufacturers decamping to Mexico, as they’ve been doing ever since Lyin’ Brian Mulroney lulled us into bending over for NAFTA.
Seems the big car builders are flocking to Mexico to take advantage of wage rates a quarter of what they are in Canada. And who can blame them? Those mollycoddled Canadian workers are cry-babies well known for demanding a so-called “living wage,” not to mention pensions, benefits, sick pay, health and safety legislation, overtime pay, and a partridge in a pear tree.
Those hard working Mexicans are thrilled to make a quarter of the Canadian pay packet without ever imaging all that other stuff is even imaginable!
But imagine my surprise when smack-dab in the middle of a story about auto parts and car builders, we get to meet Mr. Bill Hammond of Hammond Power Solutions.
In the interest of full disclosure, I’ll admit I’ve met Bill a couple of times before, back when he was doing the show-and-tell leading up to the Hammond IPO, which must be close to 25 years ago. I’d been busy building up a modest but tidy position in the shares pre-IPO, buying up warrants from folks who worked there, and I was hoping to make a killing when the shares floated up up and away after their listing.
After all, that’s what had happened to Linamar, another Guelph success story.
In the event, I would have done OK in the first couple of hours of trading, but no, I had to hang on for the big kill… and it was a big kill alright…
I got killed.
So it’s interesting to meet Bill again after all these years;
Source: http://theviewfromfallingdowns.blogspot.com/2015/06/screwing-mexican-workers-is-win-win.html
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