Quote:
Originally Posted by Hols36
Outsourcing - Saw it With My Own Eyes.
|
That's it?
I recommended clients fire employees and out-source.
What's the point in spending $3.1 Million annually on lazy idiots in your compliance department, when you can fire the whole staff and contract a compliance consulting firm to do the exact same thing $1.1 Million?
Why should I have a 120 employees in my accounting and payroll department, when I can fire them and out-source that work to ADP?
Quote:
Originally Posted by Hols36
They work for cheap. End. Of. Story. What proof can you offer that outsourcing is a critical component to the success of our economy?
|
I don't care about the success of your economy, and I don't have to prove anything. You have to prove that a company profits by not out-sourcing.
Quote:
Originally Posted by Hols36
What it is a critical component of is corporate profit. As I said, corporations have an allegiance to profit and hang everything else, including America's unemployed, who, if we're honest about it (and if we count everyone who is unemployed, underemployed, part-timing, or simply out of the labor force but still wanting to work -- the 'real' unemployment rate, in other words) make up AT LEAST 20%+ of the population.
|
Okay, as I understand it -- and I want to make absolutely certain I'm hearing you correctly --- you're saying that you want the stocks in your 401(k) plan to perform without those companies making a profit....
...is that what you're saying? Because that isn't going to happen. If you want your 401(k) plan to have more than $3 in it when you retire, then corporations are going to have to make profits.
I guess we could ask another question:
"Do you intend to buy stocks in order to lose money?"
You cannot get more communist than a corporation.
What is a corporation? Pure communism. Who owns and controls the Capital in a corporation, the CEO?
No, sorry, the share-holders ---- the people.
Quote:
Originally Posted by Hols36
It's a shocking number. The 'official' BLS unemployment rate comes nowhere near to telling the real story.
|
Yes, I knew that 7 years ago and told everyone on C-D.
I said 3 years ago that your unemployment rate would finally get to 5% range in the year 2021.
At the same time your government said 5% by October 2012.
Then your government said 5% by December 2016.
Now your government is saying 5% by 2018.
Next year your government will say 5% by 2021 -- which is exactly what I said 3 years ago -- but don't start dancing yet, because they only reason it will be 5% is because many people just gave up looking for work -- your labor force participation rate will not be >66.5% -- which is most unfortunate, since that means you cannot fund Social Security or Medicare.
Quote:
Originally Posted by Hols36
Setting aside the fact that if we COULD do something to make the U.S. a friendlier business environment -- if that were even possible -- then corporations would simply hire more people from India or other cheaper labor pools...why pay an American programmer 50 or 60K when they can get someone else for 35K, or less?
|
I have a better idea -- instead of a federal minimum wage of $7.25/hour, you need a federal maximum wage of $10/hour. That would make the US competitive in the Global Economy.
Quote:
Originally Posted by Hols36
Explain to me how it is possible to make our country a better environment for businesses to hire, when U.S. corporations' tax burden (as a percentage of GDP -- Gross Domestic Product) is the lowest of all member nations of the Organization for Economic Cooperation and Development? Yes, the lowest.
|
What about subsidies?
Foreign corporations not only have a lower marginal tax rate than US corporations, but they are also subsidized by their respective governments.
Why would you ignore that fact?
You do understand that US corporations are fighting for their very lives, right?
How can Chevron possibly compete against Statoil, when Statoil is backed by the Norwegian government and the full financial weight and clout of Norway's GDP?
How is Ford supposed to compete against other automakers in India, when those automakers are all being subsidized by their governments, in addition to a lower marginal tax rate? Ford has to borrow money, uh, in part by selling stocks to shareholders to build its new plan in India. The Chinese government is giving its car companies money to build the plant, and so are the Japanese, and so are the Koreans, and so are the Germans and so are the French.
How can Ford compete against them, when they are getting free money, or 0% loans, or low interest loans, and subsidies?
You might want to think about that.
Economically...
Mircea
Quote:
Originally Posted by Oleg Bach
Why is the term protectionism considered dirty.
|
Because it has never worked. Because the US population is only 312 Million and not 780 Million.
Quote:
Originally Posted by Oleg Bach
To justify this greed and disloyalty through the mantra of free enterprise and Darwinian idiocy - Is not a support of capitalism- but the destruction of it.
|
And the US government wouldn't be greedy at all, right?
I'll tell you a bed-time story. Once upon a time, a country called Colombia had an idea to build a canal through its province of Panama. Colombia had the money, but didn't have the engineering know-how or the man-power and technical expertise. So Colombia asked the United States for help, and was willing to share the profits from the canal 50-50.
The US -- not being greedy -- decided that having 100% of the profits was better than having 50% of the profits, so the US gathered up a mercenary army, sent it to the Colombian province of Panama, and started a civil war in the province seceded and then the US military swooped in to protect it's investment, uh, I mean the new country of Panama.
I'll tell you another bed-time story. Once upon a time, there was a country called the United States that owned a canal through Panama and collected 100% of the profits. The peoples and governments of South America asked the US to help build a trans-Andean highway, rail-road and pipelines for oil and natural gas -- repeatedly -- decade after decade after decade for 70 years. The US said "
Not no, but Hell no!" because that would cut into the profits the US made off the canal -- and remember the US is not greedy.
Eventually the US gave up the canal, turning control over to Panama, who then sold the canal to China. When the people and governments of South American asked to China to help build a trans-Andean highway, rail-road and pipelines for oil and natural gas, then Chinese said, "
When do we start?" -- see China doesn't care if it hurts their profits -- it's the right thing to do for the people.
Anyway, the US government would not be less greedy than your greedy corporations.
Historically....
Mircea