|Quoting pgh234 (Reply 28):|
When you purchase a Hyundai or Kia, you support a $10/hr job in some factory that popped up in some farm field in GA.
They're making jobs that weren't there before. In many of these smaller towns where they make these vehicles the base industry went away after NAFTA (even started before then due to automation and modern manufacturing processes. The GM
and Ford jobs that were in our state for a long time went away, in part because they were unionized factories that were no longer competitive and it wasn't worthwhile converting the factories to make newer models if they had to use the same workforce.
The answer is yes, we do have a middle class....only ours didn't kill itself by pricing itself out of competitiveness like Akron's or Cleveland's or Detroit's. Ours was hurt by the industrialization of farming and modernization in the milling industries that often supported smaller southern towns, then by NAFTA (or to be fair, growth in world trade).
As far as where the profits go, they go wherever the manufacturor invests them. Again, they don't get sent home to Korea to be placed in a mattress. They get invested across the world, including in the US. It's part of that whole world trade thing. It's a non-strategic defense item we can import or build here from a manufacturor from a solid, democratic ally who has stood by us in everything for 60+ years. I don't see much downside, unless I'm a Teamsters union rep trying to figure out how to force people to stay unionized and price ourselves out of jobs.
Unsustainable jobs are just that. I'd say we ought to start a new thread, as this one is getting hijacked/derailed. If someone wants to discuss this further start a new thread and PM
me so I can find it.
OP...I apologize for this. Congrats on the new car.
|Quoting Boeing74741R (Reply 31):|
I don't know about what the Hyundai's that are sold in the US are like in terms of build quality and performance, but here in the UK the range of cars that they offer isn't extensive. And the cars they do offer are effectively cheaper alternatives to the offerings from Ford, Renault, Seat, Vauxhall, VW etc. Plus, the depreciation of the Hyundai's in the UK is shocking, so if anyone is buying one you're better off getting an entry-level model.
Hyundai had this reputation until recently in the US. The put a 10 year warranty on their cars and started making better looking cars that worked better. It's not a Honda, yet, in the eyes of the consumer, but it's a very popular car with young people and folks with less money to spend on vehicles. They stand behind their products here.