Posted on 10/10/2017 6:58:50 AM PDT by Enlightened1
WASHINGTON, Oct 10 (Reuters) - U.S. President Donald Trump said he has prepared an "economic-development" measure that would punish companies that globally outsource jobs.
The bill would provide economic incentives for companies, Trump said in an interview published on Tuesday, and reward firms that maintain jobs in the United States, and deliver punitive measures against those that move operations offshore.
"It's both a carrot and a stick," Trump said. "It is an incentive to stay. But it is perhaps even more so - if you leave, it's going to be very tough for you to think that you're going to be able to sell your product back into our country."
He did not specify what the rewards or punishments would be. The White House was not immediately available to comment.
Trump, a New York real estate developer reality television host, has struggled to translate his business experience into government success, failing to push through any major legislative victories.
The Trump administration has repealed a number of regulations, such as the Clean Power Plan, which was former President Barack Obama's cornerstone regulation to fight climate change. The head of the U.S. Environmental Protection Agency said on Monday he would rescind the rules. (Reporting by Makini Brice in Washington; Editing by Jeffrey Benkoe)
(Excerpt) Read more at cnbc.com ...
Maybe Trump drops this as an incentive to get the tax bill passed.
I found your go to guy:
Halleluiah
“US tech production more competitive.”
What good is ‘our’ companies being more competitive if American engineers and techs can’t find jobs?
Unemployment for engineers interested in working in tech is minuscule for those willing to work where, in the US, the jobs are.
According to Wikipedia it is this guy and 64,999 others employed in India by Microsoft.
There is no definition of “outsourced” that a bureaucrat can devise that a smart businessperson cannot evade.
I work with companies downstream that are based on India or Mexico. We send them “low-end” work that we simply do profitably but that our clients insist we take on.
In this sense, outsourcing protects some jobs because we wouldn’t take on any of the work without this option.
This is not such a simple thing.
“simply do profitably “
—
?
.
At one time slavery made cotton and textiles more competitive.
Just put a 20% import tariff on everything and call it a day. Then watch the US economy take off on rocket fuel as new factories are built and jobs return to the USA. The construction industry alone would carry the economy for a decade.
Water flows downhill. Trying to stop it is ultimately impossible.
Are you really equating allowing tech-skilled immigrants to come work in the US with slavery? Really?
I am equating slavery with lowering standards of living and lowered per capital income that comes with immigration at the current high levels. All immigration needs to stop for decades to let the American wages grow. Wages have been stagnant for decades. If you want socialism this is how you get it.
As I’ve said, I’d be fine with zero immigration for the next decade—though we more importantly need to kick the illegals we have here now out.
But there is a difference between high and low levels of skills with immigrants.
High-skill immigrants (e.g., an Indian tech guy who ends up starting a successful tech company of his own within a decade) create jobs and wealth for Americans locally.
Low-skill immigrants are consistent, long-term drains on American taxpayers—at the same time they drag down the income of low-skill Americans.
One in a hundred do that. The H-1B visa program is a wage suppression scheme for the IT industry. Simple as that.
We’re a service company.
That is true, but these are relatively high wages being suppressed with the result of more local jobs for all those in sales, marketing, admin, etc., that are able to be supported here because the techie costs are closer to the worldwide techie pay scales.
And that one in a hundred hires more than the 99 other jobs that have been offset.
Stuff you globalist bullsh!t.
I’m just stating simple facts in the tech industry.
I ain’t no globalist, but I don’t want to take all freedom away from American business owners either.
Fair trade is fine by me.
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