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I have heard Clinton and Sanders say they plan to...
1) Increase regulations (increasing expenses)
2) Increase the minimum wage (increasing expenses)
3) Increase the corporate tax rate (increasing expenses)
So wouldn't these things only increase the desire to outsource jobs overseas and automate more positions in this country?
The reason they are outsourcing is because of costly and burdensome regulations, costly payrolls and high taxes, so common sense tells me that doubling down on these things would only propel outsourcing and automation.
Trump is the only candidate who I have heard address this issue. Whether you agree with him or not, he has at least given an actual answer to how he would combat companies outsourcing jobs overseas. He has been saying from the very beginning that he would change our trade deals and essentially punish every American company who outsources jobs overseas with a high tariff on every product brought back into the country.
Trump is the only candidate who I have heard address this issue. Whether you agree with him or not, he has at least given an actual answer to how he would combat companies outsourcing jobs overseas.
No, he hasn't. Snake oil is not an "Actual Answer".
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He has been saying from the very beginning that he would change our trade deals and essentially punish every American company who outsources jobs overseas with a high tariff on every product brought back into the country.
Tariffs do not stop outsourcing. Furthermore, breaking trade agreements we've made will kill more jobs than anything we could possibly do right now.
As to Clinton and Sanders "prevent outsourcing" -- they aren't. It's a stupid question, because politicians in a free country can't prevent businesses from making routine decisions. What they can do is help provide an educated populace, a halfway decent transportation infrastructure, sane skilled immigration policy, and a sane tax code, and open access to and from foreign markets, to try and encourage people to do business in the US.
...Trump is the only candidate who I have heard address this issue. Whether you agree with him or not, he has at least given an actual answer to how he would combat companies outsourcing jobs overseas. He has been saying from the very beginning that he would change our trade deals and essentially punish every American company who outsources jobs overseas with a high tariff on every product brought back into the country.
Completely setting aside whether "punishing" American companies that outsource would actually help or hurt our economy - you DO understand that the President has no authority to implement or break trade deals on his/her own, yes?
I'm relatively comfortable assuming that The Donald doesn't understand that, and that's why I don't want to see him on the GOP ticket in Nov.
No, he hasn't. Snake oil is not an "Actual Answer".
Tariffs do not stop outsourcing. Furthermore, breaking trade agreements we've made will kill more jobs than anything we could possibly do right now.
As to Clinton and Sanders "prevent outsourcing" -- they aren't. It's a stupid question, because politicians in a free country can't prevent businesses from making routine decisions. What they can do is help provide an educated populace, a halfway decent transportation infrastructure, sane skilled immigration policy, and a sane tax code, and open access to and from foreign markets, to try and encourage people to do business in the US.
Well........................ free trade comes with assumptions that are not met with our current trade agreements:
1. markets in those nations will be open to US products
2. the labor force is relatively on par with regard to wages
3. the governments of those nations do not install massive subsidies
We do not have those situations with NAFTA and China trade policies. There has been a DIRECT fall in our manufacturing, which has coincided with falling incomes and a "wealth gap". I further do not know of any nation that has worked its way to prosperity by exporting a huge componant of its manufacturing. This makes no sense from an economic standpoint (the belief that we would be a prosperous "service economy" has been shown to be false) and puts at a worse strategic position in the case of war.
It works both ways, in that the US has fairly large ag subsidies, which put Mexican farmers at a disadvantage. American are able to buy cheaper goods from foreign nations. But what good is cheap products when your income has fallen? Do low paying service jobs have good health insurance or benefits?
No, he hasn't. Snake oil is not an "Actual Answer".
Tariffs do not stop outsourcing. Furthermore, breaking trade agreements we've made will kill more jobs than anything we could possibly do right now.
As to Clinton and Sanders "prevent outsourcing" -- they aren't. It's a stupid question, because politicians in a free country can't prevent businesses from making routine decisions. What they can do is help provide an educated populace, a halfway decent transportation infrastructure, sane skilled immigration policy, and a sane tax code, and open access to and from foreign markets, to try and encourage people to do business in the US.
So what's your version of a "sane skilled immigration policy," and how does it match up with the immigration policies of Clinton and Sanders?
Well........................ free trade comes with assumptions that are not met with our current trade agreements:
1. markets in those nations will be open to US products
2. the labor force is relatively on par with regard to wages
3. the governments of those nations do not install massive subsidies
Free trade carries the first assumption, which can be seen as a failure of certain trade agreements.
It definitely does not carry #2. Similar wage levels are not a prerequisite for a free trade agreement.
And #3 is a matter of debate. Many would argue that if the Chinese government was to subsidize its steel industry, for instance, and provide steel at below-cost to the US, then the Chinese people are effectively subsidizing the American steel consumer.
The U.S. steel industry might not like it, for instance, but the U.S. doesn't exist for the purpose of protecting the steel industry.
Quote:
We do not have those situations with NAFTA and China trade policies. There has been a DIRECT fall in our manufacturing, which has coincided with falling incomes and a "wealth gap".
Our manufacturing output has been growing, and is continuing to grow.
Technology enables us to produce more manufacturing output with fewer workers. Shifting to the service industry is not 'good' or 'bad', it is simply inevitable as technology progresses and makes manufacturing labor obsolete.
So what's your version of a "sane skilled immigration policy," and how does it match up with the immigration policies of Clinton and Sanders?
I don't know what Clinton's stance on skilled immigration is. Even if she outlined a stance I wouldn't believe her.
Sanders wants to end H-1B's, which is a good start. It's not clear what he'd replace it with.
My version of it is to (A) Require all skilled foreign visa applications to offer a minimum salary of 3 times the median household income of their state. ($110,757 in Mississippi, $185,799 in California), and (B) Enable them to switch employers, and (C) Obligate employers to provide them a path to a green card, (D) Replace the 'random lottery' with an system that awards a fixed number of visas, starting with the highest-wage applications.
I'm still waiting for an answer, I'm not arguing that Trump's idea would be good economically, I'm just saying at least he has proposed something to address the very issue of outsourcing.
What will Clinton do because the points above do nothing to attract or force companies to stay?
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