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Because for some products the US is the low cost producer. Some British wind power company moved production here due to lower costs. Agricultural products remain a huge export.
Wind turbines are odd ducks - the wings are reasonably low-tech items but a pain and a half to transport, so you want to make them reasonably close to where the turbines are being deployed. Green-fielding a production plant for wings and towers makes sense. (Danish Vestas builds wind turbines in the US as well.)
Forgive me if the US already does this but why don't we make corporate tax breaks contingent on something. Right now the biggest thing people are concerned about is jobs and the economy. More jobs, more money for workers, more spending. It seems like companies aren't worried about that. They are worried about their bottom line, thinking up ways to increase profits so that execs can get bonuses, increase the stock price and please shareholders. If it means outsourcing entire departments, so be it...the company made more money. How about making drastic tax cuts that are contingent upon things like 75% of the product being manufactured in the US. How about bringing back some of the departments already outsourced like phone tech support. Companies that have 100% US tech support can get a tax break Some companies already eliminated all these staffs so why should we continue helping them save money with tax breaks? Even better, such contingencies will really help small businesses who haven't shipped all the jobs overseas.
I'm sure that will come as a great surprise to members of the German Metal workers Union.
Another big difference is in places like Japan the average CEO/worker pay ratio is 16/1 while in the US it's 263/1.
And in places like Japan workers are treated as assets rather than the necessary evils bloated CEOs often treat them as in the US.
and they manage to give them 4-6 weeks of vacation, more holidays, more sick time, family leave and still make a profit! Wow!
and this coming from the country that lead the world in exports for SEVEN straight years. A country of 80million.
but the "greatest country in the world" can't get it done. this meme about 'cant' compete with foreign labor, union too expensive' is total b.s. that people willingly swallow.
Forgive me if the US already does this but why don't we make corporate tax breaks contingent on something. Right now the biggest thing people are concerned about is jobs and the economy. More jobs, more money for workers, more spending. It seems like companies aren't worried about that. They are worried about their bottom line, thinking up ways to increase profits so that execs can get bonuses, increase the stock price and please shareholders. If it means outsourcing entire departments, so be it...the company made more money. How about making drastic tax cuts that are contingent upon things like 75% of the product being manufactured in the US. How about bringing back some of the departments already outsourced like phone tech support. Companies that have 100% US tech support can get a tax break Some companies already eliminated all these staffs so why should we continue helping them save money with tax breaks? Even better, such contingencies will really help small businesses who haven't shipped all the jobs overseas.
Definitely great ideas, but will the politicians pass bills to do those things? A lot of jobs are being outsourced overseas, but one argument in these corporations' favor, is that a lot of their sales are growing faster in those markets than here in the U.S. But for the American market, I do hope there can be at some point some sort of responsibility that depending on what the market is here, there needs to be a limit on outsourcing as part and parcel of sales in the U.S., and especially too, some sort of reign on shielding assets from taxation in places like the Cayman Islands and such. With job losses, income levels going down, and the general plight of the economy for the American worker, there is bound to be less consumption and that hurts them as well, so I feel there needs to be some sort of protectionist substructure at least to keep jobs and keep the demand up in the U.S., this is very essential to our well being. And let them not forget the generations of American workers that built them up to begin with.
If it cost more to make it here, then to build a factory overseas, or in Mexico, and ship it here, what is stopping companies from telling Americans, your fired?
Depends on whether profits or America are more important to them.
All of the major auto and electronics manufacturers have been purchasing components or finished units overseas for at least thirty years. Your "American" vehicle is quite probably no more than half domestic. Textiles are all but entirely dead in the U.S.
Why are the companies allowed to outsource everything with only nominal duties and tarriffs? Why aren't they hit with an excise tax that makes American goods competitive?
Cost isn't the only consideration, unless you're among those greedy bastid's who want one more penny's profit at whatever expense.
For instance, if every company sought out the lowest possible cost of production and moved off-shore, who here would be able to buy their product at any price? No jobs + no disposable income = no sales. Net loss.
And, there's the issue of tax revenue. If you lay off all your workers and hire Chinese instead, those laid off workers won't be paying income tax, yet government spending will go on. With no workers to pay taxes, guess who gets to pick up the slack, Mr. or Mrs. Businessperson? Net loss. Not only that, but more laid off workers means more demand for government "safety net" programs, which means even more taxes. More net loss.
Go ahead. Seek out the lowest common denominator and see what happens to your business.
Your forgot something America isn't the only consumer market in the world. In fact the consumer markets in emerging countries in Asia and South America are growing much faster than the United States.
The biggest companies in this country have pretty much forsaken American workers in favor of hiring foreign workers at lower cost and expanding the sales of those products and services in those regions. On top of that they do not have to pay taxes on profits from overseas operations until the money is repatriated to the United States. In many cases the money doesn't get repatriated at all it simply gets reinvested in foreign for more profits. It's really the best of all possible worlds for corporations.
MOST OF THE LARGEST COMPANIES IN AMERICA NO LONGER GET THE MAJORITY OF THEIR REVENUE FROM THE UNITED STATES!
The United States still matters but it matters less now than it did 10 years ago and ten years from now it will matter less than it does today.
What you are seeing is a global rebalancing of economic power and wealth away from the United States and toward coiuntries in Asia, the Middle East, South America and eventually Africa.
If it cost more to make it here, then to build a factory overseas, or in Mexico, and ship it here, what is stopping companies from telling Americans, your fired?
Ford has a lot of manufacturing in Mexico.
GM is now building in China and shipping them here.
All the big Steel, up and went to China. Same American companies, same business name.
China pays $100 a month, pollutes and has people living in areas the size of our closets.
Our unions, lawsuits, hatred by some of people who get wealthy and too much over regulation with bad laws & over taxation are most of the problems IMO.
Depends on whether profits or America are more important to them.
All of the major auto and electronics manufacturers have been purchasing components or finished units overseas for at least thirty years. Your "American" vehicle is quite probably no more than half domestic. Textiles are all but entirely dead in the U.S.
Why are the companies allowed to outsource everything with only nominal duties and tarriffs? Why aren't they hit with an excise tax that makes American goods competitive?
Because corporations control the government. The United States Government no longer has the best interests of the average working American at the heart of national policy. Most national policy is now dictated to politicians by corporate lobbyists.
Because corporations control the government. The United States Government no longer has the best interests of the average working American at the heart of national policy. Most national policy is now dictated to politicians by corporate lobbyists.
Uhhh, if corporations control the government, then how come they are so over-regulated, sued, building restricted, over taxed and now subject to Obama care to add even more expense?
I don't think the banks forced the government to screw them by making them give loans to people who could not pay the loan back.
You got it backward bucko, GOVERNMENT is the problem, at least businesses make things and provide REASONABLY priced services in the real world.
I'm sure that will come as a great surprise to members of the German Metal workers Union.
Another big difference is in places like Japan the average CEO/worker pay ratio is 16/1 while in the US it's 263/1.
And in places like Japan workers are treated as assets rather than the necessary evils bloated CEOs often treat them as in the US.
Germany has trade tariffs to protect their unionized manufacturing.
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