Long term, it is not good for corporations either. At some point, if it continues, Americans, who are the prime consumers of most corporations, if they are impoverished, they will also stop buying goods and services and corporations will lose their profits.
i work for a big company that is moving our accounts payable to India. It isn’t like the AP people made a lot of money in the first place. I just can’t imagine there is THAT much benefit in the bigger picture.
I sometimes have to contact Hewlet Packard - for a while I was wondering if the bay area was so overrun with Mexicans that HP couldn’t hire any “white” people and then discovered all these people I was talking to are in Mexico. At least they’re not trying to dodge the Border Patrol.
Why do businesses go off-shore? Government rules and regulations and overall government incompetence. Budgets that never balance, spending out of control, dollar devaluation as a result of deficits and the government employees, who are parasites live high on the hog and working Americans are shafted daily.
Jobs are not “American jobs.”
They are positions created by companies who chose to domicile here.
When they leave, they may take jobs with them.
The fault lies with the government - its laws, agencies and tax system - and the attorneys.
Lost mine of 15 years due to NAFTA....Now some Mexican is doing my job for %65 less pay....but he can’t buy anything or go anywhere and has to live in a company “colonia”.
Get rid of a few federal agencies (EPA, FDA, Departments of Education and Energy, etc.), corporate taxes and unions and this country would explode with opportunity and growth.
Until and when this government makes industry profitable by decreasing taxation and legislation, industry is going to go overseas, and I don’t blame them.
I don’t like it a bit, but if we expect corporations to be jobs programs out of the good of their hearts instead of moneymaking ventures, that is the way it is going to go.
"You are an old man who thinks in terms of nations and peoples. There are no nations. There are no peoples. There are no Russians. There are no Arabs. There are no third worlds. There is no West. There is only one holistic system of systems, one vast and immane, interwoven, interacting, multivariate, multinational dominion of dollars. Petro-dollars, electro-dollars, multi-dollars, reichmarks, rins, rubles, pounds, and shekels. It is the international system of currency which determines the totality of life on this planet. That is the natural order of things today. That is the atomic and subatomic and galactic structure of things today! And YOU have meddled with the primal forces of nature, and YOU... WILL... ATONE! "
America has gone (way) overboard on the selling-out of American jobs.
Big time.
Bring back jobs to America.