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Carrier is owned by United Technologies Electric Controls ( UTEC). More than 60% of the companies sales are now offshore. Why would another country want to pay a premium to support the US middle class, when the product can be manufactured according to spec, elsewhere for a lot less?
It's certainly not all about the cheap labor. Like European and US automakers who have had plants in Mexico for decades, Mexico's free trade agreements, amongst the most open in the world, allow other countries to import from Mexico without a tariff.
Tariffs are a two- way street.
Guess UTEC could choose to not compete for global business and close their doors, eh.
Last edited by middle-aged mom; 02-12-2016 at 05:35 PM..
I didn't realize President Obama was CEO, CFO or on the board of Carrier or if he had any say so in the dealings of American corporations. But thanks regardless, for the right wing nut website you posted.
You people scare the hell out of me. You really do. These jobs are leaving because:
A) we tax the **** out of companies. The highest in the developed world
B) NAFTA and Obama's TPP will cause more to flow out.
It has EVERYTHING to do with Obama and the death grip of liberal policy and regulations for Christ's sake.
I'm honestly getting to the point where I think there should be tax incentives to NOT have children. With the current trend of American companies moving jobs to foreigners and automation, the fact is, we no longer are going to need as many Americans anymore.
Carrier is owned by United Technologies Electric Controls ( UTEC). More than 60% of the companies sales are now offshore. Why would another country want to pay a premium to support the US middle class, when the product can be manufactured according to spec, elsewhere for a lot less?
It's not all about the cheap labor. Like European and US automakers who have had plants in Mexico for decades, Mexico's free trade agreements, amongst the most open in the world, allow other countries to import from Mexico without a tariff.
Tariffs are a two- way street.
Guess UTEC could choose to not compete for global business and close their doors, eh.
It's not always the "greedy companies". Sometimes it's the greedy US Government.
Between the high taxes and mandated employee benefits along with penalties if not implemented it's no wonder companies are relocating to where they can produce goods that other countries can afford.
It's not always the "greedy companies". Sometimes it's the greedy US Government.
Between the high taxes and mandated employee benefits along with penalties if not implemented it's no wonder companies are relocating to where they can produce goods that other countries can afford.
This is survival in a global market, not corporate green.
Why would a company limit their sales to 5% of the world's population when the world is their oyster?
It's about Mexico's free trade agreements with the rest of the world and wage/ benefits.
Most of the jobs that have and will continue to move to Mexico are union jobs with benefits, as negotiated over the years. The link said 3/4 of the jobs being eliminated have annual wages of $55-70,000 a year. Surely the move will halve that. No bargaining agreements to honor. No pensions. No OT pay. No payroll taxes.
This is survival in a global market, not corporate green.
Why would a company limit their sales to 5% of the world's population when the world is their oyster?
It's about Mexico's free trade agreements with the rest of the world and wage/ benefits.
Most of the jobs that have and will continue to move to Mexico are union jobs with benefits, as negotiated over the years. The link said 3/4 of the jobs being eliminated have annual wages of $55-70,000 a year. Surely the move will halve that. No bargaining agreements to honor. No pensions. No OT pay. No payroll taxes.
And the end result will be products that are affordable in emerging nations.
US labor is just too expensive when you want to peddle your product globally.
Obviously the biggest downside of NAFTA was the sucking sounds of our jobs going to Mexico, but what was the upside of NAFTA?
Nothing.
Quote:
Originally Posted by Mircea
The jobs you didn't lose.
LMAO
Quote:
Originally Posted by phxone
The days of high school educated laborers being able to earn 50k a year is over. The quicker that people realize this and retrain themselves for different jobs the better. If your job can be done by an uneducated peasant in a third world country, I don't have much sympathy for you when you lose it. These people should have taken advantage of the educational opportunities available in the United States instead of just going to work at a factory.
I thought conservatives were supposed to be champions of the free market. This is the free market in action. It may cost some people their jobs, but it saves thousands of other Americans lots of money when they don't have to pay jacked up prices for consumer goods to keep workers employed at overinflated salaries. Moves like this are a net good for the country.
Yeah...that's the ticket. Meanwhile, Germany finds a way to keep their high paying manufacturing work.
Quote:
Originally Posted by WaldoKitty
Got to love the Obama/Clinton freetrade, globalization platform.
I see 1700 new Trump voters.
Why? Trump couldn't care less.
Quote:
Originally Posted by SyraBrian
I guess being a right to work state didn't help Indiana much.
Nope. Arizona was founded as a RTW state and we've never attracted much in the way of manufacturers.
Quote:
Originally Posted by Northeastah
plenty of jobs have left unionized states to emerging market countries.
That's the point. What good were right to work laws then?
Quote:
Originally Posted by pknopp
There is very little the workers could do. There is plenty we can do. Will we?
Nope.
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