Posted on 06/12/2015 4:30:06 PM PDT by Enlightened1
.S.-majority-owned multinational enterprises employed 1,106,700 in Mexico in 2012 (the latest year on record), according to data released by the U.S. Bureau of Economic Analysis, but Mexican-majority owned enterprises employed only 68,800 in the United States that year.
That means that U.S.-controlled multinationals employed 1,037,900 more people in Mexico than Mexican-controlled multinationals employed in the United States.
Put another way, multinational enterprises that had a majority U.S. ownership employed 16 times as many people in Mexico as Mexican-controlled multinationals employed in the United States.
Forty-nine percent of the jobs--546,500 of 1,106,700--that U.S.-controlled multinationals maintained in Mexico in 2012 were in manufacturing, according to the BEA. (See Table 5.2 in the August 2014 BEA report "Activities of U.S. Multinationl Enterprises in 2012.")
Those 546,500 Mexican manufacturing workers employed by U.S.-controlled multinationals included at least 100,000 in transportation equipment manufacturing, 71,300 in food manufacturing, 53,700 in computer and electronic products manufacturing, 34,000 in machinery manufacturing, 32,200 in chemical manufacturing, 30,500 in electrical equipment, app
(Excerpt) Read more at cnsnews.com ...
And still the keep coming....
All the reduced labor costs saving are passed on to the consumer. All of it. /sarc
American companies need to bring back jobs to America.
We have been exporting millions or formerly American jobs to China and to every other country in the entire world.
Bring them back here.
Giant Sucking Sound
It was obvious what NAFTA was going to do from the get-go.
And there’s the chart of it.
We keep sending what’s good about America to Mexico, but Mexico keeps sending what’s bad about them to us.
And the jobs that they couldn’t ship to mexico?
Well, they just threw the gates at the border wide open, and let a quarter of the mexican population just stroll right in to take the rest of all of those “jobs that Americans won’t do”.
But hey! At least we taught all of those evil unions and nationalists a valuable lesson, and it only cost us our sovereignty, our national security, and our industrial base.
Sounds like a real bargain to me.
Don’t worry, Jeb Bush, who is confused on his voting signup, has a perfectly good explanation and solution.
The correct technical name for that is, A giant sucking sound.
It’s worse then that.
U.S. “exports” to Mexico are typically just supply parts to be assembled there, and transported back to the U.S. for final sale.
Mexican end user consumption of U.S. goods is almost non-existent.
So the chart is useful but there’s yet more of a backstory.
“Giant Sucking Sound”
Yep. I remember when Ross Perot said that. And then the Republican establishment took out the long knives. He was mocked, and essentially forced to bow out of the race.
But these numbers show he was correct.
I think the last time I checked the unemployment rate in old Mexico was 4.5%.
And Mexicans got most of those jobs.
That's because every time a Mexican gets laid off, they move to the United States and put Americans out of work.
Republican establishment has been trying to kill this country since 1988. God only knows why.
25% of Mexico is in the USA so we are Mexico.
Tucson Hispanics and MSM Tour Ford Plant in Hermosillo.
Ain't that great? The Ford Motor company thinks so much of Americans that instead of locating a plant in Arizona - where Fords have been sold for a century - they put it in a dusty, non-industrial town a few hundred miles South of the border.
I guarantee you there are no gringo illegal aliens working there. In fact, a white American would probably be shot if he were to show up there...unless he came from corporate in Detroit.
Nope. No Americans welcome there. All they get to do is come see where their jobs went...Oh Wait, Ford has never so much as had an upholstery plant in Arizona. So I guess the jobs never went there, because they were never here...as long as the conversation is about Arizona.
Note that the cars do come to Arizona to be "distributed" in the U.S.
Gosh that's great! Too bad no one has any money to buy them...because there aren't any jobs anymore that pay that kind of money for the average American.
Guess they'll just haveta sell 'em to the Chinese! The Mexicans can't afford 'em either.
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