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The Trump administration has repealed a number of regulations, such as the Clean Power Plan, which was former President Barack Obama's cornerstone regulation to fight climate change.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 ...
I’ve worked in IT since the 90s. Laid off, hired, laid off, hired. Currently Work in one of the biggest IT companies in the world (think world cup) and most of my co workers are Indian or Filipina/Filapino. Mostly, they do not hire here in the States, job openings are filled overseas.
I can’t think of a way to stop that. The salary/benefit level disparity is too great.
Depressing.
There is no Constitutional right to "free" trade unless it is between the 50 states.
I am against H1-B’s for exactly that reason. We have too many Democrats already!
And to repeat myself yet again, I’d kick out illegals here and have a decade-long moratorium on immigration.
I am just stating the economic reality in the tech industry with H1-Bs.
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