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Vault Message Board: State Farm Insurance Companies

Topic Name: agency
Message Name: Your Reasons...
Date Posted: 03/06/2006
In Reply To: www.counterpunch.com/roberts03062006.html Now there's an interesting article noteworthy to read. I don't care how slanted the website may seem but it's the truth. Here's were Ed Rust Jr. and I see different here in America. His view and with nod of approval is to employ offshore workers from India. Executives like Ed can claim the "global competition" reason all they want too but the facts are companies like State Farm are not providing enough new jobs. That's right you read it right. Not my son or daughter who look for employment can't find a job because of what companies like State Farm do. Why should I buy their insurance? You tell me. What did I read today 10,000 AT & T employees gone by 2009? How many do Ford and GM plan to rif? You tell me. Now ask yourself think they are going to buy that expensive SF policy or go to Progressive or what has that TV ad from Safe Auto been promoting. GONY claims he's going after the money in the can or the mattress. Good luck! Between the number of people loosing their jobs and the rising price of gasoline which could go anywhere but down about all you'll get is just the mattress and an empty can. Drive around and see what the younger generation is driving. Granted it may not be some sporty SUV but by and far the younger generation entering the workforce has probably the least probable chance of moving up in the workplace than any other generation to be born in America. That's the truth. Those are your future clients. People laugh when I mention wait until Wal-Mart gets into insurance. They want the bank now so why not get into insurance? I can't think of a larger network of stores capable and able of servicing a broad number of customers. Even SF couldn't compete with that. In the end CEO's like Ed Rust Jr. did his own company in by standing up and unemploying his customers along with his colleges. Like Paul Craig Roberts states they may spin it as creating more jobs for Americans but nothing could be farther from the truth. Even right there in the Bloomington/Normal area where SF Corp. is at imagine what home business would be generated if 1800 or so of those contracted offshore workers were Americans buying homes. Ed and Dick Shellito can argue we can't find the skills needed in Americans but that is anything but the truth.
Message: Thank you for sharing your IT experience with us intern agents. Thank you for also sharing your market analysis. A global economy is inevitable. Unionized wages and benefits, 30 yrs and a gold watch are going to be a thing of the past. When I talked about call centers, it referred to my customers, not me calling SF. Every IT issue I'e had has been anwered by an American in Arizona that spoke perfect English by the way. If SF needs to compete with the progressives then paying an IT person $8 an hour that is just as trained as the American doing the same thing for $24 an hour is going to save their customers money and stay competitive, then that's what will happen. Do you and I have to like it, no...but it's the way things are going. Can't stop death, taxes, and change. I made mention of the coffee can and matress money as more of a joke. The baby boomers have their money invest in 401k's and IRA's etc. When they pass that on (look up MSN finance section) it will be in the ballpark of a little over 20 trillion. Nobody is buying that much gasoline. State Farm having 24-25% of the insurance market is going to get a lot of that business in the financial services side. If Walmart jumps on the bandwagon, then that will be something evey insurance co. will have to deal with...that change thing again...

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