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Old 11-05-2010, 02:57 PM
 
Location: Great State of Texas
86,052 posts, read 84,472,986 times
Reputation: 27720

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Quote:
Originally Posted by Visvaldis View Post
The obvious solution is to lower the wages and benefits of American workers to compete with their counterparts in India and Mexico. I'm sure American industrialists would like this idea.
Or just stomp your feet and demand that government "fix it" and "bring back the jobs".
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Old 11-05-2010, 02:58 PM
 
Location: San Diego, CA
4,897 posts, read 8,317,746 times
Reputation: 1911
The honest answer is never.
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Old 11-05-2010, 02:59 PM
 
Location: San Diego, CA
4,897 posts, read 8,317,746 times
Reputation: 1911
Quote:
Originally Posted by HappyTexan View Post
Or just stomp your feet and demand that government "fix it" and "bring back the jobs".
A tariff would bring back jobs over night though cause a bit of price inflation. The good news is with inflation at zero and economists continually talking about deflation a bit of inflation just might be good. Especially since it would immediately result in companies bring jobs back to the US. Also on things like TVs and other consumer goods employee wages only account for about 5% of the cost to manufacture so I sincerely believe the cost increases won't be all that large though the profit margins for companies will undoubtedly go down yet still still remain positive.
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Old 11-05-2010, 03:02 PM
 
2,085 posts, read 2,468,889 times
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Quote:
Originally Posted by MTSilvertip View Post
Normally I wouldn't post on this particular part of the forums because it is so inudated with emotional hyperbole, but this question (while formated in a manner to incite anger) actually has some merit for serious logical dialoge.

One of the principal reasons the major companies have been hording their cash reserves, (an estemated 4.5 trillion dollars by some reports in the main stream media) is as insurance against attacks by the government through regulation.
If the new congress codifies the tax cuts for the country and establishes a solid code the businessmen can see as a stable cost over a period of time, then they will start using their cash reserves to increase their business which equals more jobs and a better economy.

The government does have the ability to bring business and jobs back from overseas, not by demanding and penalizing, but by providing a better business climate. Legislate ways to protect companies from frivolous lawsuits, limit the taxes, open the door to everyone to work such as right to work, and the business climate becomes more inviting to work here.
We rank in the top 5 countries in the world for highest business taxes. Cutting taxes and providing a stable regulatory climate would go a long way toward bringing companies home.

Cheap labor is an incentive to go overseas, but shipping costs a lot of money as does maintaining infrastructure in both the overseas site and the home offices. What the primary draw of overseas plants are is the fact that most do not overregulate and create a hostile atmosphere for business to build and expand.
If you make the cost of doing business in the US less than the costs associated with making and shipping your costs here, the companies will come back, simple bottom line.

If you want the companies to come home, you must make it a better place to be than where they are, it is that simple.

Constant attacks by the left and demands to tax corporations out of existance do not create a climate that makes business want to be here.

We also need to reform the education system to produce people who can actually read and write and do basic mathematics.
We throw billions at the education system, but our students performance keeps dropping.
Companies need a workforce that can read instructions, add up their time cards, and write down production and order parts. If we have an illiterate workforce, why pay high wage when you get the same thing overseas for pennies?

Just my 2 cents.
So very true.
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Old 11-05-2010, 03:07 PM
 
Location: Great State of Texas
86,052 posts, read 84,472,986 times
Reputation: 27720
Quote:
Originally Posted by Oerdin View Post
A tariff would bring back jobs over night though cause a bit of price inflation. The good news is with inflation at zero and economists continually talking about deflation a bit of inflation just might be good. Especially since it would immediately result in companies bring jobs back to the US. Also on things like TVs and other consumer goods employee wages only account for about 5% of the cost to manufacture so I sincerely believe the cost increases won't be all that large though the profit margins for companies will undoubtedly go down yet still still remain positive.

Commodities have been inflating for quite some time.
Cotton is at an all time high..hasn't been this high since the Civil War.

Put a tariff in place and watch your processed food skyrocket.
You see we export commodities but import finished goods.

What's the source for all Vitamin C ??
Where do you get your wheat gluten from that makes bread ??

I'll give you a hint..it's NOT the USofA.
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Old 11-05-2010, 03:09 PM
 
56,988 posts, read 35,193,725 times
Reputation: 18824
Quote:
Originally Posted by NHartphotog View Post
We DON'T need foreign workers. But government (both parties) is owned by Big Business, and Big Business isn't satisfied with 100 Americans fighting for each job. They want 100 Americans AND 100 immigrants fighting for each job. That way they can give the job to the immigrant and never have to worry about decent wages, benefits, or raises.

If our government cared one iota about the shrinking Middle Class, it would have stopped all legal immigration, cancelled all work visas, and made sure no illegal immigrant got ANY social services or public aid OR free education for their anchor babies. But it won't happen, because both political parties are owned by those who give them the most money. And that is Big Business.
Word!!! Geez...i can't rep you again. Pat Buchanan has been saying this stuff for years..which is why conservatives generally ignore him and regard him as a nutcase.

I just can't for the life of me understand why so many Americans want to just give it all away. The Asians and Europeans would NEVER put up with this crap. They are Economic Patriots. We'll sell each other down the river to keep a 10 dollar an hour job. It's astounding. The bigwigs have pitted working Americans against each other.
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Old 11-05-2010, 03:10 PM
 
Location: Wisconsin
37,963 posts, read 22,147,086 times
Reputation: 13799
Quote:
Originally Posted by blackandproud View Post
Since Bush tax cuts didn't spear head the return of jobs back to the U.S, how do the newly installed House Majority plan to get the jobs back with their new version of tax cuts?
The answer is to reduce the budget of the federal government and social welfare programs, not to raise taxes.

Clinton raised taxes, Bush just reset them back to where they were. so if the policy makers in Washington leave things the way they are now, there will be no tax increases or tax cuts.
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Old 11-05-2010, 03:17 PM
 
Location: Imaginary Figment
11,449 posts, read 14,465,311 times
Reputation: 4777
Quote:
Originally Posted by blackandproud View Post
Since Bush tax cuts didn't spear head the return of jobs back to the U.S, how do the newly installed House Majority plan to get the jobs back with their new version of tax cuts?
Who can really be stupid enough to believe this hogwash anyway? The tax cuts are in effect NOW, where are the jobs? Firms have been sitting on cash and not hiring. I guess it takes a special kind of person to believe doing the same thing over and over will produce a different result.

Demand will bring back jobs, not continued tax cuts. In fact continued tax cuts will drive up the deficit, just as they did while Bush was president. Back then he cut taxes and waged two wars.

The American public, more specifically graduates of Beck U are completely ignorant on basic economic principles.
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Old 11-05-2010, 03:18 PM
 
Location: Wisconsin
37,963 posts, read 22,147,086 times
Reputation: 13799
Quote:
Originally Posted by HappyTexan View Post
Commodities have been inflating for quite some time.
Cotton is at an all time high..hasn't been this high since the Civil War.

Put a tariff in place and watch your processed food skyrocket.
You see we export commodities but import finished goods.

What's the source for all Vitamin C ??
Where do you get your wheat gluten from that makes bread ??

I'll give you a hint..it's NOT the USofA.
A tremendous amount of cotton was grown in the San Joaquin valley, but between the drought and the Delta smelt, water supplies to those farmers has been shut off, I think this is one reason why cotton prices have soared.
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Old 11-05-2010, 03:22 PM
 
Location: Wisconsin
37,963 posts, read 22,147,086 times
Reputation: 13799
Quote:
Originally Posted by SLCPUNK View Post
Who can really be stupid enough to believe this hogwash anyway? The tax cuts are in effect NOW, where are the jobs? Firms have been sitting on cash and not hiring. I guess it takes a special kind of person to believe doing the same thing over and over will produce a different result.

Demand will bring back jobs, not continued tax cuts. In fact continued tax cuts will drive up the deficit, just as they did while Bush was president. Back then he cut taxes and waged two wars.

The American public, more specifically graduates of Beck U are completely ignorant on basic economic principles.
Spending more money then you bring in causes deficits, raising taxes just allows more spending until... ooops, we have a deficit, so the government raises taxes so they can spend more and.... oooops we have a deficit, rinse repeat.
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