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In your Opinion, what got the ball rolling for our Industrial manufacturing base and jobs, to leave America.
Who is at fault for the start of the exit?
Corporate Greed. Honest answer, it started with the Clinton administration and grew from there. Doubt we would have a President with the B.lls to force these corporations to bring the jobs back.
Corporate Greed. Honest answer, it started with the Clinton administration and grew from there. Doubt we would have a President with the B.lls to force these corporations to bring the jobs back.
So then the American consumer can pay more for goods?
HBO recently had a wonderful documentary representative of this topic called "Schmatta". It was all about the history of New York's garment district, a once-bustling enterprise. They will probably do a rerun in the future.
If memory serves, Kennedy began off-shoring us during his presidency...a small percentage. And of course with our involvement with the WTO things have greatly spiraled into what they are today: with a ridiculously small percentage of American goods being produced here.
Labor costs are the culprit. That is the bottom line.
When the cost of American Labor exceeded the cost of both labor and the cost of shipping products back to America, then American businesses began to offshore production.
Its a catch 22 and can't have it both ways. Either the jobs come back and consumers pay more at the register or unemployment stays the same.
I'd rather pay more and have lower unemployment.
I agree with a previous poster who said it was corporate greed. Has anyone seen "Roger and Me?" When GM started closing down plants in Flint, it was recording record profits.
As more companies see that they can pay workers in other countries for cheaper wages, they will probably move production or work there.
You can find people in India who want to do call center jobs for $5 a day vs here where some call center jobs are 8-10 an hour. They don't have to give the Indians health insurance, paid sick days or any of that.
It all boils down to greed. Instead of be happy with $75-100 million in profits, they'd rather have 2-10x that, if not more.
Excessive government regulation, lawsuits and unions all lead to skyrocketing costs of doing business.
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