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With all of the time and complaints wasted about job going overseas
it looks like as many people as there are that some people could get together
and figure out a solution to the job loss problem.
Companies often site several things that make operations elsewhere more profitable...
Tax rate is higher here.
Staffing costs are higher here.
We do not have free trade agreements world wide so exporting costs more.
Regulations restrict or make operations more expensive here.
When you can make more profit and be more flexible elsewhere you do.
Also one has to realize companies now make a lot of their sales and a lot of their growth in sales coming from other countries.I think the largest fact is dropping the corporate tax rate and hopefully energy in this country likely being cheaper in US will make a lot of difference too.I think right now companies are holding back because no on really knows what ACA will do to labor cost.
1) Reduce corporate taxes to 25%. Right now, American tax rates are among the highest in the industrial world, along with Japan (Who is having its own struggles with a moribund economy). Even Sweden has corporate tax rates set at roughly 23%. The problem is that all the overseas subsidiaries of American companies have huge amounts of profits that they literally cannot bring home without punitive taxation levels.
2) Accelerate government licensing and permitting. The World Bank did a survey of all the industrialized countries, assessing how much time it took a given business to get any number of permitting from the government: Incorporation, business licenses, building permits, you name it. The United States over the past 10-15 years has increased that metric by roughly 1/3rd to levels usually seen in basketcase countries such as Greece.
3) Figure out how to slash the bureaucratic burden of businesses. The CEO of Intel gave a speech in 2010 on this subject. According to him, the cost for building a microchip factory overseas was roughly $1 billion. The cost for building the exact same factory in the United States was roughly twice that -- and only 10% of those excess costs were in labor. The rest was in taxes, regulation and energy.
The only way to save America(never going to happen) is to limit the power of Federal gonvernment like 5% to 10% Federal income (tax/fee/anything they can dream of).
No money no talke and no power.
Each states which are much closer to the real people will have power to do whatever they want including do nothing.
So Detroit like states will have to compete with no tax States like Texas/Nevada.
Free trade states will have to compete with Berlin Wall states.
God states will have to compete with who cares states.
Green states will have to compete with Tech friendly states
...
It would help a lot of areas of American life, and not just business, to limit lawsuits to actual damage and expenses.
Businesses in the USA have to pay enormous insurance costs because every employee who gets a splinter and every customer who misuses a product is very likely to sue for millions in punitive damages.
Limit lawsuits to actual damages and expenses and that will also go a long ways towards making medical care cheaper, which, hey presto, will make it less expensive to hire American workers because their medical insurance costs will go down.
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