Posted on 03/02/2016 5:39:11 PM PST by Steelfish
The Trump Blog Ideas & opinions from Donald Trump and the TrumpU faculty The Real Estate Investor Training Program
Outsourcing Creates Jobs in the Long Run
by Donald J. Trump Chairman, Trump University
We hear terrible things about outsourcing jobs--how sending work outside of our companies is contributing to the demise of American businesses. But in this instance I have to take the unpopular stance that it is not always a terrible thing.
I understand that outsourcing means that employees lose jobs. Because work is often outsourced to other countries, it means Americans lose jobs. In other cases, nonunion employees get the work. Losing jobs is never a good thing, but we have to look at the bigger picture.
Last year, Nobel Prize-winning economist Dr. Lawrence R. Klein, the founder of Wharton Econometric Forecasting Associates, co-authored a study that showed how global outsourcing actually creates more jobs and increases wages, at least for IT workers. The study found that outsourcing helped companies be more competitive and more productive. That means they make more money, which means they funnel more into the economy, thereby, creating more jobs.
I know that doesn't make it any easier for people whose jobs have been outsourced overseas, but if a company's only means of survival is by farming jobs outside its walls, then sometimes it's a necessary step. The other option might be to close its doors for good.
(Excerpt) Read more at web.archive.org ...
The US didn't make nuclear weapons in the 1940s by going for Third World foreigners: we snarfed up the Nobel Prize winners, back when that meant something.
We didn't send a man to the moon in the 1960s by importing a bunch of barely-English-speaking pagans who were in it only for a green card, but by relying on Patriotic Feeling. One of the few things JFK did right, besides Taxes.
Also I trust we can agree on the following: any current GOP candidate over Hillary.
Seriously?
I actually used to have some respect for some of your well thought out opinions.
I hope you remove your blinders before riding your Harley.
I’d be happy to see them sign up here; I don’t know what their politics would be; I think they might be afraid of talking about it even anonymously. Maybe close friends or relatives should disclose on their behalf. It is very dirty business. I refuse to believe profit margins are that thin to remain competitive when executives and stockholders, well the former get paid handsomely and make no sacrifices.
I sold my Harley 3 years ago, but thank you, I am very clear headed and working on the Trump campaign, doing my part to Make America Great Again, thank you for your help!!!
Please do keep your eyes open. I really appreciate what you've done already. I can do a more aggressive search myself.
I don’t know where you’re located, but you could look at shopgoodwill.com. They have lots of sewing machines. If you keep an eye out you may find one.
People either love or hate the T & S.
My brother bought a house recently that came with three old sewing machines. In the bunch was a pink Kenmore, a green and white Janome New Home and a Touch and Sew. The first two are good but the Singer needs a new gear. I have one, just trying to work up the nerve to change it out. I had to reassemble the foot controller also. I have all the cams, the buttonholer and the circular sewer and the other standard items.
Touch and Sew is a slant shank and the accessories are interchangeable with all Singer slants IIRC. I have a Singer 9022 from the 80’s or 90’s and all the accessories for the T & Sew work on it except the cams, naturally.
Sewclassic.com and ngosew(amazon vendor)both carry some parts and most accessories for cheap.
You are most welcome, I have one and they really are the best :)
Yes. Prices are getting crazy. I remember when North Carolina & the South were where nearly all the textile mills were located- linens & fabrics.
fabric.com & fashionfabricsclub.com (which is part of Denver Fabrics) have some good stuff at good prices. There are other sites here & there, while they can be a little pricey, have some unique things.
Etsy is a GREAT place to shop for vintage patterns & once you learn to re-size them, almost none of them are unusable.
The local stores like Joann & Hancock seem to be selling almost exclusively Chinese stuff & the prices aren’t that great, either.
All of the things you wrote can certainly be true. I can give you a perfect example of some of the “follow the instruction to the letter” idiocy I have seen in the past:
We sent a mock-up over to offshore with an area highlighted in yellow saying, “Change this area to [x]!” When we got the work back in the morning, not only did they change to [x], there was now a nice yellow box around that part of the web page. *facepalm*
On the flip side, I had a guy who would spend two hours at the end of each day writing fairly explicit instructions to his team of 3 offshore resources. For that 2 hours investment, he got 24 hours worth of productive work. Nice lever.
The key is to find a firm that you can trust and that understands you aren’t going to take any BS. Then, once you have a good rapport with a company that has a decent bench, you can say, “I need 4 people in a week for a 6 week project.”
Some of the posters here who think I can get that domestically are living in fantasy land. I’ve had open FTE reqs that took MONTHS to fill because IT unemployment is so low where I am. (Some are saying it is now *negative* in my market, which makes sense given that I’ve actually imported 4 of my last 5 FTEs from other states.)
So, call me a “traitor” if you want, but my company needs the job to get done. If hiring domestic resources will take us months for a job that could be *completed* by offshore in the same time, which do you think we’ll pick to grow the business?
Also - for the record - this model HAS grown my FTE staff by more than double in the past two years, and this is not a small department.
So - while I absolutely *despise* Trump - he is actually right: outsourcing creates jobs in the long run.
Look. Trump made Cruz more conservative on the H1B issue.
After Disney, Cruz has called for a freeze on H1B workers. Cruz was also wrong on TPP and the corker bill.
I like Cruz because he is actually the only elected person to try and use the power of the purse to stop ObamaCare.
And his flat tax would get rid of the IRS and its incessant persecution. Also with Trump may over step the constitution and be a bit authoritarian.
But Trump is way better than the donks.
“Cruz wants (at last count, in 2013, when he was supporting the Gang of 8 bill)”
I stopped reading there because that is a blatant lie.
I remember clearly when Rubio betrayed his tea party supporters, who got him elected, when he joined the Gang of 8. A lot of us around here burned up the phone lines in Washington to stop amnesty.
We also learned about the amendment Cruz put forward and were alarmed at some of the reports he would support the bill. As a supporter of Cruz before he beat GOPe candidate Dewhurst, I looked into this. We were relieved to discover Cruz had not sold us out like Rubio. The bill is something he did NOT want, and always said immigration reform needed to start with enforcement. His amendment was a brilliant play that took political pressure of the Republicans in the Senate who were getting bad press at the time. Schumer had already said he would kill the bill if citizenship was removed. This amendment did make the bill a little more palatable to Republicans if it had passed, but even better it killed the bill.
Republicans, conservatives, and the nation owes gratitude to Ted Cruz for throwing up a road block to amnesty in 2013.
Trump lies about his positions or claims they have all magically changed in the last few years. It is possible that he never knows where he stands. It's also possible he suffers from a mental disease. I'm not a doctor but it is also likely he's a psychopath. (look up the definition before bashing me. Not all psychopaths are criminals.)
Yep. A major company I *used* to work for actually only maintained an FTE staff of about 20%. The remaining staff was all contractors, including a large offshore contingent. We got the job done, but I prefer the model I have now where the ratio is reversed. Offshore is used for the quick augmentation on a temporary capital build. If that capital build improves the business, you end up hiring more.
As I indicated to a different poster, this model has resulted in me more than doubling my FTE staff in the past two years alone. It works and allows us to take more risks with capital projects. We don’t worry as much about trying something out that may fail. We’ll try 4x as many projects - the ones that win end up having a huge ROI which allows me to eventually hire more FTEs. The ones that were a waste didn’t cost us an arm and a leg.
Simple, really.
“Liar! lol Trump takes himself out of context and couldn’t write that well if hr wanted.”
I think you may be on to something.
You may want to link directly to the bill’s text instead:
https://www.congress.gov/bill/114th-congress/senate-bill/2394
Good for you. Glad you were able to make that work out.
Problem for Trump is he still believes it. He has outsourced his manufacting to China and Mexico and imports cheap labor to work here.
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