Colt to open factory in Florida

[tombogan03884]

Guys, I have no problem with a business making a profit. If a business doesn't make a profit it won't be a business very long and their goods/services will no longer be available to the consumer. What I have a problem with is a business which closes in one location and moves to another in order to pay it's employees less in order to make more money while the management team makes the same money they made before the move. That is corporate greed! That's why businesses relocate. Not to lower the cost of their products. That's what I think stinks.

No Tom, I don't want to pay more for a Colt. I think they are over priced now, why would I want to pay more? When has the cost of a product gone down when a manufacturer move to cheaper labor? Our auto companies produce most of their vehicles in cheap labor markets and the price goes UP every year.

What we need in this country is to throw this "them against us" attitude between management and labor out with the bath water and everyone sit down and figure out how to keep and put people to work and everyone get a good wage. BUT as long as the suits and the non-suits are self-centered "it ain't gonna happen". We can't get it down in government so what makes us think business will?

Pecos

Gee, I wonder why that might be ?

That means getting rid of the socialist, anti capitalist, adversarial Unions

[Timothy]

I just re-read the article to get the numbers right.  They said that the 63 jobs to be added to the area would average $43,000.00 annually!  That's not chump change and probably in line with what they are paying in the Hartford area.  The difference would be that $43K is good money in Florida and "barely scraping by" in Connecticut.

I've lived here 29 years in CT and MA and worked for up to 35 bucks an hour salary.  I'm barely squeaking out an existence on that income.

I also serious doubt they're giving up completely on Hartford.  Their museum is there is too much firearms history in the area.  They have freeways named after firearms inventors!

[tombogan03884]

$682,000 per job ?

[fightingquaker13]

It's called capitalism Solus. A word and practice not used over the last three years of BHO. States always offer "incentives/deals/tax breaks" to bring business to states. Especially manufacturing jobs.

It's also called competition.

Wrong on both counts TW. Last I heard capitalism and the free market didn't involve taxpayer subsidies to bribe private business to move from state to state.If the tax laws are different its one thing. This is something else entirely. This where I agree with the late lamented fullauto (come back shane ) and the rest of the libertarians. This is statism and crony capitalism Rick Scott, the supposed savior against socialism spends $22K of my money per job to bribe a company. How in the hell is that the free market?
FQ13 I'm glad Colt is coming, but I don't like how it happened

PS I also agree with Pecos.Its fashionable to bash unions, but remember they came about for a reason. Businesses are every bit as contemptuous of the free market as union bosses and they will jump on a government subsidy like a crackhead on a welfare check. And GOP leaders like Scott rant against socialism while transferring tax payer money to corporate profits through direct wealth transfers? Give me a break. News flash. That IS socialism, its just the beneficiaries that change
FQ13

[Pecos Bill]

Gee, I wonder why that might be ?

That means getting rid of the socialist, anti capitalist, adversarial Unions

That also means getting rid of the capitalistic, greedy business bosses who want to make multi-million salaries while keeping the peons poor. Do people like Morgan and Rockefeller come to mind, Tom?

What I still saying is we, as a people, need to fix the problem. Labels put on and diatribes written about those who don't agree with you will not fix the problem. The problem comes home to both sides of the labor/management relationship and needs to be fixed there.

Pecos

P. S. That 43k salary is an average. Colt is opening a region headquarters and factory. What is the regional manager going to make?

[Sponsor]

[twyacht]

Just like the Occupy crowd, anger and frustration at evil "corporate greed" is misdirected.  ALL business, corporate and small companies, all have to play in the world called "Regulations & Taxes".

City, County, State, all want their share of a companies/corporations revenue; than comes big ol' Momma FED, wanting more, AND creating an environment that is NOT business friendly....

Just ask BHO....Real business friendly, hence the damn near stagnant job market.

For example:

Colt makes an AR in CT, and sells it retail for $1000 to stay competitive with other AR's.  The "cost" to Colt to make that AR in CT, with increased labor, taxes, materials, rent, city, state, and Fed taxes,...takes up a good chunk of that $1000.

Hence less profit per unit sold.

If they can PAY to relocate, but yield a higher profit per unit. "It's the American Way"... Just like Remington, Bushmaster, Winchester (made in Japan, God help us)., Para, and others I can't recall right now, is not corporate greed but with this POTUS, simply survival.

Bitch and moan at the regulations and laws, especially in the "gun friendly NE", that are causing them to leave. Just like the textile industry in the Carolina's... also a right to work state.

If a Colt worker watches and runs a C&C machine in CT, for $30.00 per hour, and a guy in Florida can be trained to do the same job for $20.00 an hour, with no State Tax, and less expensive embedded costs....The Company makes more money...

Certainly the goal of any business. Big or Small.

Until the Cities, Counties, States, and big ol Momma Fed get that,....(because they are the greedy monsters), business will move elsewhere...

[tombogan03884]

That also means getting rid of the capitalistic, greedy business bosses who want to make multi-million salaries while keeping the peons poor. Do people like Morgan and Rockefeller come to mind, Tom?

What I still saying is we, as a people, need to fix the problem. Labels put on and diatribes written about those who don't agree with you will not fix the problem. The problem comes home to both sides of the labor/management relationship and needs to be fixed there.

Pecos

P. S. That 43k salary is an average. Colt is opening a region headquarters and factory. What is the regional manager going to make?

And some think FQ is a tool ?
You're spouting Marxist BS with out even knowing it.
In case you didn't know it, it was the Rockerfellers, (invented the oil industry) The Morgans (banking ) Carnagie (Steel) Astor (furs), Vanderbuilt (Railroads ) who built this country.
Do you have a retirement account ? If so you are one of those greedy capitalists who need to be taxed more.
Where do you think the Interest comes from ?
Does the money Fairy bring it ?
People like you are what screwed up the country, you'll believe any crap you're told if it puts some one else's money in your pocket or let's you blame somebody else for YOUR having to work .

[twyacht]

Tom you forgot the Kennedy's with the booze, tobacco, opium and hookers.....

[fightingquaker13]

Tom you forgot the Kennedy's with the booze, tobacco, opium and hookers.....

Or the Rick Scotts with the government susidies? At least the Kennedys sold something of value.
FQ13

[twyacht]

Or the Rick Scotts with the government susidies? At least the Kennedys sold something of value.
FQ13

Hey but I have two Colts,...and will gladly pay to visit the Colt museum with a hog hunt on the way back,....

Got Bacon?