Much is made of the loss of jobs due to “cheap labor”. In recent interviews I’ve seen on TV stock finance programs, companies that are outsourcing have blamed the high corporate and capital gains taxes and regulation in the U.S.
Another factor that came as a surprise: a shortage of certain job skills and technical ability in the US.
Ask most under 25 year olds at any supermarket deli to cut a 1/3 of a pound of anything for you and watch the reaction: DUUUUHHHHHH! Clueless.
And I've had students in Chemistry class that were in nursing programs that have ZERO idea what the difference between an ounce, gram, pound or meter are. That can be a case of what you don't know WILL kill someone.
Yeah, these are the future leaders...and they're going to run the government? National health care? They don't know up from down. Not all, but many of them for sure.
“...a surprise: a shortage of certain job skills ...”
With schools guiding students to maintain high GPAs, via basket weaving courses, where’s the basis for “surprise”?
Oh they’re going to use every excuse in the book. Frankly, it has to be a better excuse than that before I start thinking it’s okay to displace millions of U. S. Citizens.
I’m not defending the high taxation, but these folks don’t mind selling their goods in our nation. It’s just employing people in our nation that rubs them the wrong way.
Yes, R&D does follow manufacturing. Wait until it dawns on the brain trusts that China is the new developer of cutting edge technology, and we’re eating their dust.
We are playing a fools game IMO.
Yup, and this morning watching the news I heard that the next industry Hussain is attacking is private tech schools.
Gee, if I were the cynical type I'd almost think Hussain wants the country to fail.