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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.
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.
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.
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.
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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