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As much as we all pretend otherwise, we live in a global economy. Jobs are going to shift, and any attempt at keeping them here forcefully is (a) misguided and (b) destined to fail. There are numerous benefits for moving jobs offshore, but the most important is cost. It doesn't mater what we try to do to keep the jobs here- if the cost of living elsewhere is lower, then all else equal, the jobs are leaving.
This is especially true of zero-knowledge manufacturing jobs, but also of knowledgeable jobs that are easily offshored such as IT.
Fight it all you want, but there is nothing that any president can do to remove the intrinsic benefit to sending a job overseas. Even if taxes were eliminated from the equation, a worker in Mexico can survive (and likely thrive) on $1/hour, whereas that wouldn't even keep the lights on in a studio apartment here in the US.
Oreo moving has nothing to do with labor, or Chicago. It is based that due to competition that they cannot make them in the U.S. due to the price of ingredients. The U.S. forces every one using sugar to pay double and more of world sugar price, and sugar is by far the biggest expense for Oreo.
Moving will lower labor costs but that is not the real cost that is driving them from the U.S.
As much as we all pretend otherwise, we live in a global economy. Jobs are going to shift, and any attempt at keeping them here forcefully is (a) misguided and (b) destined to fail. There are numerous benefits for moving jobs offshore, but the most important is cost. It doesn't mater what we try to do to keep the jobs here- if the cost of living elsewhere is lower, then all else equal, the jobs are leaving.
This is especially true of zero-knowledge manufacturing jobs, but also of knowledgeable jobs that are easily offshored such as IT.
Fight it all you want, but there is nothing that any president can do to remove the intrinsic benefit to sending a job overseas. Even if taxes were eliminated from the equation, a worker in Mexico can survive (and likely thrive) on $1/hour, whereas that wouldn't even keep the lights on in a studio apartment here in the US.
Good post. This also demonstrates why capitalism is really failing America.
Oreo moving has nothing to do with labor, or Chicago. It is based that due to competition that they cannot make them in the U.S. due to the price of ingredients. The U.S. forces every one using sugar to pay double and more of world sugar price, and sugar is by far the biggest expense for Oreo.
Moving will lower labor costs but that is not the real cost that is driving them from the U.S.
Exactly right. It is due to sugar price controls that have been put in place by Washington DC at the behest of the Florida sugar lobby.
As much as we all pretend otherwise, we live in a global economy. Jobs are going to shift, and any attempt at keeping them here forcefully is (a) misguided and (b) destined to fail. There are numerous benefits for moving jobs offshore, but the most important is cost.
The bottom line is that this is a continued fallout from NAFTA.
As some have correctly noted, most people are just too partisan, self-serving or uneducated to know better.
While it was a Republican initiative, it was supported by the Clintons and signed by Clinton, Biden, Kennedy, Kerry and a few other names. Heck, there hasn't been a democratic presidential ticked since 1988 that hasn't had a NAFTA signer on it.
So, just file NAFTA under the fact that both parties screw the average worker no matter what they say in pretty speeches.
and Not Only that NAFTA was the foundation of not only the NAU, but also the TPP.
Oreo moving has nothing to do with labor, or Chicago. It is based that due to competition that they cannot make them in the U.S. due to the price of ingredients. The U.S. forces every one using sugar to pay double and more of world sugar price, and sugar is by far the biggest expense for Oreo.
Moving will lower labor costs but that is not the real cost that is driving them from the U.S.
Do I Care?
Bring them jobs back here immediately.
No more NAFTA Agreements.
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