But people are really no different today than people in the 70's. Something else has changed. You've always had a spectrum of financial knowledge across the citizenry.
John Deere as corporate punching bag
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But people are really no different today than people in the 70's. Something else has changed. You've always had a spectrum of financial knowledge across the citizenry.
Oh yeah absolutely. No argument there. Doing those things just to make sure you can make rent or whatever shouldn't be a thing.
I kind of knocked this off topic and didn't intend to.
Word of advice for JD, keep around 1 american to run the Teams meetings. We have one meeting a week with our co-workers in India. Usually this meeting has about 25 people and 3 are from the states. The 3 of us decided one day to not talk during the meeting to see what would happen. It was the most painful 10 minutes that I've experienced in my worklife. Finally after about 10 minutes of near silence, "Is there something wrong with the audio in Des Moines?".
We've worked with this team for a decade and they do a really good job but there has always been issues with them not being assertive enough.
We've worked with this team for a decade and they do a really good job but there has always been issues with them not being assertive enough.
So they are laying off non-union IT people because their union people went on strike?
But we talk about it now. Money talk for the most part back in those days was a taboo for many people. I never knew anything about my parents finances. There is definitely an uptick on conversation these days with personal finance blogs, vlogs, apps, etc. More resources and knowledge in general. I dont disagree that massive swings of change have happened. Priorities and consumerism/consumption have changed for sure.
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Easy credit happened around 1980ish. People’s mindsets about debt are WAY different than those from the 70s. They still remembered the Great Depression with no govt safety net. They went through rationing with WWII. 70s people were wired way different financially than today.
I know it has gone that way but I think it is an inevitable shift when talking about corporate greed because there are people who say they can't make it but then looking at an someone's lifestyle and it doesn't line up, it comes into question. I feel bad for the ones getting laid off. It is never fun to lose a job, but this has been a history with Deere and many keep going back after getting laid off so the pay and benefits must be pretty good to offset that.
Interest rates were still sky-freaking-high though. You could get credit, you just couldn't afford it.
Yes. The deal the UAW got for themselves in the last strike is so overwhelmingly one sided that it is causing financial issues for other divisions of the company.
K. My point is people struggling financially today - that is largely not because of buying coffee and new phones. But it's an easy, intellectually lazy argument to make because it makes people who believe THEIR financial choices are good believe *they* will never experience financial hardship. Which is a very false sense of safety.
Except credit cards came about them. Guess I meant more that then the actual rates. I reminder having a CD during that and thought it was great. Now I understand that I was losing value hard then.
The Venn diagram circles of "corporate greed" and "personal responsibility" don't really overlap for me. Two totally separate issues.
You could have a great job from a great employer at a great salary, and still suck wind financially if you spend too much. Conversely, I know people that don't make much money but are just fine because they manage their money well (my parents for one just example).
And we will be right back to where we started again until we fix the root cause, not putting a band aid on it.
I agree there have always been struggles. There always will be. I think that todays struggles are nothing like 100 years ago.
There are many different reasons for financial hardships, some self inflicted, some no fault of their own.
Since it's past noon and my son hasn't been contacted by HR, it's looking like he has survived this cut. Incredibly relieved, but feel so badly for those who weren't as fortunate. There many families being impacted. It's awful.
We can walk and chew bubble gum at the same time. This is not (yet) a Cave thread and I'll respect that. Far more discussion on this topic in there.
Has anyone taken a moment to think about how John Deere the corporation is feeling right now? It has feelings too. They only made like $10 billion last year, yeah record profits, but what if they only make $9 billion this year? You can't run a company on only $9 billion of net income.
Me too. Of course I graduated at a time when a college education at a state school was reasonably priced like intended.
I can agree to disagree with many on this thread. I will get back to the original thread. Feel really bad for all those affected and hope they find a soft landing spot. There are still a lot of good jobs around right now and maybe this will be a blessing in disguise for some.
