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 ...
Trump has changed his view
Cruz supported a passel of things I’m not happy with, like fast track for the Trade Bill and a vast expansion of the visa program. I’ll take my chances with Trump because he is a job creator, he actually understands economics, he isn’t known for spinning his wheels for the sake of theater (unlike Cruz).
One of Alinsky's rules is "pick the target, freeze it, personalize it, polarize it."
Trump is doing a masterful job at avoiding the canned low-IQ-Dem-voter-spam that the press dutifully forcefeeds the public at Obama's and Hillary's behest. Hence the "so -and-so is a great guy, I get alone with him, he means well" ; and hence the "Planned Parenthood helps millions of women, they're great except for abortion" : it's hard to hang a flaming tire around his neck, compared to the old GOP-e candidates who would helpfully strike a match and hand it to the Democrats, to prove how "bipartisan" they were.
Seriously: the KKK was founded by bitter Confederates including cavalry general Nathan Bedford Forrest, right after the Civil War. Robert Byrd was the top Dem in the Senate and had been a high official in the KKK, and nobody cared -- "aw, hell, he's one of ours, and besides, he can't help it, he's from West Virginia." But Trump is a Billionaire worldwide luxury real estate developer from New F*cking York City. You can't get more YANKEE than that.
It is appalling that any single host spreading the baldface lie, DIDN'T have their microphone shoved up their foul smirking ass, right on the spot, live on national TV, for even daring to suggest it.
While I disagree with adding to the H1B flood for tech workers (of which, I am one) I do think we are heading into a critical deficit in domestic doctors. Hopefully they will come back once Obamacare dies.
“The problem is that they need to be re-trained for currently available high tech jobs. “
Sorry. Those jobs are reserved for “Bob” from New Delhi who is here on an H1-B visa.
What Trump supporters read:
It’s just business, you have to feed your family first.
What everyone else reads:
It sucks to be you. Run your own business.
I hope you get a job that has some ties to your previous career so that you can leverage both knowledge and experience.
TRUE DATE: AUGUST 2005 SINCE THAT IS WHEN IT WAS ACTUALLY WRITTEN—NOT TODAY????
The entire world has changed since 2005. My opinions about outsourcing and hiring workers on H-1B Visas has changed—A LOT. If we had ad healthy economy with lots of jobs here, immigration and outsourcing would not be nearly as problematic.
With all due respect, hope date screw up was an inadvertent posting error with the date because this reminds me of the bogus media attacks over mafia ties and KKK endorsement...
Thank you :)
Though I agree with much of what you said...
Our Nuclear program was a non starter without Einstien.
Our Space program would have taken a whole lot longer without Werner von Baun.
But - they became citizens. They were scientists and not waitresses.
Sometimes I do the hems by hand and sometimes I machine sew them; it depends but I always like to do the top by machine.
I had a serger but couldn't see well enough to thread it and ran out of patience so gave it away. I made some I forget what they are called, curtains that drape over hooks, swag curtains. They are very long; a pair for 4 windows. My friend serged the bottoms for me and I was thrilled. They don't show because they get gathered up. I don't plan on making more of those.
I also made balloon valances for the bathroom with plain cafe style bottoms. But now it seems like everything is the tab style. And I used to do pinch pleated drapes but I like things faster and simple.
Our Space program would have taken a whole lot longer without Werner von Baun.
I believe you need to revisit spellcheck: unless autocorrect was written offshore. ;-) ("Einstien"? "von Baun"?)
From my post #61 this thread: 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.
Our comp plans are well above average according to all the latest salary surveys. Moreover, our company has great glassdoor reviews and turnover is low. When people do leave, we often find them coming back after only a short stint in the outside world. We always welcome back great talent and they’re glad to be back.
Seriously - IT unemployment in our market is almost non-existent. Recruiting talent means importing it, or stealing it from another company who then has to import it. But, again, *importing* doesn’t necessarily mean an H1B. 4 out of my last 5 have been Americans who simply lived elsewhere.
(I *do* have one H1B FTE working for me, though. The whole team likes him. We were glad to sponsor his visa.)
What kind of serger did you have?
I have trouble seeing too. I always wear bifocals and can’t read a thing without them.
I have a Brother 1034D. It’s very easy to thread, especially if you remove the presser foot first.
I've seen enough abuses (including US PhD holders from major schools being forced to train replacements with only a BA from a lower-tier school in order to get severance; entire divisions acquired/replaced with new talent, then the whole operation let go because the profitability mysteriously faltered after the, ahem, "great value" replacements were brought in)...that I no longer extend any benefit of the doubt to employers.
Fare thee well. (For now, and see my tagline...) ;-)
I have my issues with Trump, but I think this attack is not fair. If business regulations are unfair, does a business succeed by playing the Queen’s rules even as its competitors are street fighting? My Soviet colleague said the former Soviet Union forced citizens to be corrupt in order to survive. By doing so, it prevented a rebellious citizen from being held up by the masses as a paragon of virtue.
So I would argue it is different for a business to choose to outsource as the only means to survive as compared to a politician who sets up an economic environment that destroys manufacturing in his own country. In the former case, it is playing by the “rules on the ground.” In the latter, it is making a set of rules to enrich yourself at the expense of your constituents.
Informative posting. Thanks.
We really do need to drain the swamp in DC.
true on all counts.
speel chuck is my frond.
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