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Old 01-12-2012, 07:56 AM
 
Location: Florida
76,971 posts, read 47,668,310 times
Reputation: 14806

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This is something both parties surely agree upon, The WH will provide incentives for companies to bring the jobs back on US soil.

US companies begin insourcing jobs from China, Japan & Mexico; India could be next - The Economic Times

WASHINGTON: American companies are now moving jobs back from countries like China, Japan and Mexico and India could be next as the White House will soon announce incentives for bringing employment to the country.

According to the information released by the White House, several top American companies have already started moving their jobs from overseas and the process is likely to gain momentum in the coming months once the new policy is announced.

For instance, auto major Fords, instead of adding production for the Fusion model in Mexico, plans to bring that additional work to its Flat Rock plant in Michigan. Ford incidentally has a considerably big presence in India.

 
Old 01-12-2012, 08:01 AM
 
Location: Great State of Texas
86,052 posts, read 84,531,102 times
Reputation: 27720
But here's the wrinkle...the salaries are lower. In the case of the car mfg there was a NYT article that quoted salaries. They are still decent salaries but lower than before they got offshored and with less benefits.

Yes, a job is a job and that's good. But I can't help think that this is also bad because of the lowered starting salaries.
 
Old 01-12-2012, 08:01 AM
 
3,457 posts, read 3,625,312 times
Reputation: 1544
this doesn't make sense to me. what does this have to do with the white house?
 
Old 01-12-2012, 08:01 AM
 
Location: West Michigan
12,372 posts, read 9,319,393 times
Reputation: 7364
It's about time the CEO's of American companies remember they are American citizens who owe this country something in our time of need. Too bad it takes an incentive program to get them to bring much needed jobs back to American workers.
 
Old 01-12-2012, 08:02 AM
 
69,368 posts, read 64,143,658 times
Reputation: 9383
Quote:
Originally Posted by Cletus Awreetus-Awrightus View Post
this doesn't make sense to me. what does this have to do with the white house?
its government money being used to subsidize big businesses building plants in the USA.
 
Old 01-12-2012, 08:04 AM
 
3,457 posts, read 3,625,312 times
Reputation: 1544
Quote:
Originally Posted by pghquest View Post
its government money being used to subsidize big businesses building plants in the USA.
sorry, i didn't clarify: i'm looking for facts. I can make up plausible-but-unverified stories on my own.
 
Old 01-12-2012, 08:04 AM
 
Location: Great State of Texas
86,052 posts, read 84,531,102 times
Reputation: 27720
Quote:
Originally Posted by Wayland Woman View Post
It's about time the CEO's of American companies remember they are American citizens who owe this country something in our time of need. Too bad it takes an incentive program to get them to bring much needed jobs back to American workers.
They were starting to come back on their own.
The cost of transportation and/or higher labor costs in the foreign countries were making their profits negligible.

Here we have redistribution again..from taxpayers to corporate entities.
 
Old 01-12-2012, 08:07 AM
 
69,368 posts, read 64,143,658 times
Reputation: 9383
Quote:
Originally Posted by Wayland Woman View Post
It's about time the CEO's of American companies remember they are American citizens who owe this country something in our time of need.
NO ONE is owed ANYTHING in america, you EARN it..
 
Old 01-12-2012, 08:09 AM
 
69,368 posts, read 64,143,658 times
Reputation: 9383
Quote:
Originally Posted by Cletus Awreetus-Awrightus View Post
sorry, i didn't clarify: i'm looking for facts. I can make up plausible-but-unverified stories on my own.
I'm sorry you live in lala land and cant face the truth.

Its called TIF.. Look it up and stop embarassing yourself with your denial.

http://www.nytimes.com/2011/02/27/us/27cnctif.html?_r=1
 
Old 01-12-2012, 08:11 AM
 
Location: Fredericktown,Ohio
7,168 posts, read 5,369,489 times
Reputation: 2922
I heard the incentives was cutting the corporate tax to 0% and cutting the budget for the amount of revenue the gvt would have collected. Oh wait, that was a dream
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