Posted on 03/05/2016 8:09:09 AM PST by syriacus
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.
I’ll take the bait. The Donald writes:
“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.”
These conditions arrive PRECISELY because of unfair trade practices and hostile business environment in USA the very things that Trump wants to correct! Our businesses can’t compete right now. You will also take note that farming out of jobs was not presented as a good thing but as a last resort instead of going out of business. Not exactly an endorsement.
VAT = dead economy
In 2004 when this was written, Ted was working in the Bush FTC implementing “free trade” for the Bush’s.
Your point again?
What is good for business owners isn’t always good for the USA.
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Excellent point.
It’s why a business owner would have ties made overseas. It’s why most all our apparel is now imported. Sadly, the same thing is beginning to happen with our food supply. Our politicians have sold us down the river.
I am not a globalists (free traitor). My greatest concern is for American citizens. I believe in protections (fair trade) for the American worker.
As American citizens, we pay taxes. We fund R&D at our colleges and universities. We funded NASA. We paid for most of the technology we see today. What does our government do? They gave it away to everyone else and we have people that cannot find jobs. I am for Americans first. I am sick of our politicians putting the rest of the world before the USA.
I am okay with outsourcing in extreme situations but the American worker has to come first. Our politicians should create an environment where we come first — especially when it comes to tech because WE PAID FOR IT.
The other side of the equation would be reciprocation by building u.s. plants from foreign companies. They don’t because of the tax laws, not to mention unfair trading practices.
I’m for competition but the playing field is not fair and the tax code puts us back the 10 yard line
Or eliminate the laws that cause companies to move off shore like regulations etc.
Corporations should not pay taxes either.
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Agree.
Cruz has asked for something like this. Places we have typically seen VATs are also places with chokingly high overall taxes.
Two out of three US STEM graduates do not get jobs in their fields of study because those jobs are taken by H1B immigrants who will work for a small fraction of what US graduates need just to pay off their student loans.
Trump is not perfect, to be sure. But in my opinion he's the best person for that job.
Dead "official" economy, but thriving underground, tax-free economy. To the pro-VATers I'd say: Be careful what you wish for.
I think what is usually missing from discussions about outsourcing is just exactly *why* is the outsourcing happening.
IMO, ultimately, cheap labor alone is only a small component now.
-EPA and its war on American companies actually manufacturing goods
-federal regulations by a myriad of agencies that are so anti commerce and punitive as to make starting and conducting business a losing proposition
-corrupt labor unions and practices that are fully supported by the federal government
-A declining quality of the US labor force that actually makes the quality of labor in some other countries competitive from a quality point of view, not just cost.
-does anyone really believe that all our little traumatized snowflakes with degrees in gender studies and taco science (for real course at UK) are going to provide any productivity in the years to come?
Trump is not perfect, to be sure. But in my opinion he’s the best person for that job.
I voted for Cruz but I believe you’re right. As James Carville once said, “It’s the economy, stupid.” Trump understands our economy better than any of the others.
I didn’t vote for Trump in the primary but I will have no reservations voting for him in the general election. If he will actually secure the borders, protect American workers, and get our economy going again, he’s what we need.
Yes, when I was a young redneck we called that bein’ a chicken shit liar. Now, I call it opportunism and expediency.
Just a thought, but just think If they made it a felony to participate in such an economy how many people they could deny their 2nd Amendment rights...
/tin foil hat
Why of course you did, because that dumb kind of redneck never expected anybody to learn anything new.
And Trump’s H1-B, now that Trump’s “evolved” on that, is this one we must understand in context?
He’s learning so much new that we’ll be sure to finally figure out what he believes after he’s elected. That’s exactly like the Nancy Pelosi (a person Trump funded) view. First give Trump the power. Then, he’ll evolve. You seem to think that Trump, having betrayed everyone else, is somehow now really one of us. That’s the type of redneck who won’t learn.
You can’t look at the role of one piece of a puzzle until you have looked at all the neighboring pieces of the puzzle.
In this case you can see the populism target and see it being followed.
This is no secret or rocket science. You’re making the big to-do over it.
Who makes up this nonsense? Who believes it?
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