Posted on 10/06/2010 10:42:40 AM PDT by SeekAndFind
Philippine President Benigno Aquino III arrived in New York to attend the UN summit just last week. On the side, his delegation actually was talking to JP Morgan Chase.
RESULT: JPMorgan Chase’s telephone banking operations, from Troy, Mich. and CKE are moving their technology assistance desk to the Philippines.
HP is laying off an undisclosed number of human resources employees in California and nine other states, transferring their functions to Panama.
I also heard that Price WaterHouse Coopers, the giant accounting from is laying off 125 people and moving their work to Uruguay.
It is not cheaper labor. it is a cheaper environment from a regulation stand point. If government and unions would go away and let business do what it does they could not afford to move off shore.
‘cheap labor’ is always a goal, just as any cost savings measure to maximize profit while minimizing expenses. The question becomes what is causing our labor to be priced out of the market? We can’t, on one hand, complain how the government strangles businesses with high taxes and regulations but on the other hand, damn them for reacting to that through means such as finding labor in markets that is affordable to them.
RE: If government and unions would go away and let business do what it does they could not afford to move off shore.
Are techology support and assistance jobs unionized? If not, why are they moving overseas?
Absolutely, the Telecommunications Workers of America which unionizes 'call center' type positions is massive and has a reputation of not bending in negotiations.
Higher taxes, ObamaCare and CapNTrade and stuff will just make the cost of labor HIGHER too.
It’s not just unions, its everything fromtaxes, regulations, paperwork, benefits, taxes and taxes.
most call centers are if they are tied in any way to a telecom company (covered by CWA)
More dive by media fruitloops, trying to hide the fact that while labor costs are a factor, environmental and other regulations are a bigger expense, and therefore a bigger factor.
Class warfare can only go so far; sooner or later it runs up against people who can do math.
Taxes and regulations forced jobs overseas. Were I to put a product into production today - I wouldn’t even spend time considering the US. No point in planning to go bankrupt from the start.
I look at it as they are being driven out of the county by anti-business ‘crats.
Example: I can buy a completely made up, ready to install cabinet system for my garage made in China cheaper than I can buy the materials to make it myself due to Environmental fee’s the producers, manufacturers, and distributors of the products I need are required to pay, and pass on to us all in the costs of the product.
From the grower’s of the tree to the factory of the manufacturer to the distributor to the retailer the government is there with hand in their till scooping up what they want.
Where does all that money stolen by Government under the guise of “the environment” go to help “the environment” that allegedly needs to be fixed?
And it's not just the tax burden, either. Add the cost of complying with numerous (and frequently hostile) business regulations, new health care mandates and a failing public education system that turns out dolts-with-diplomas - and foreign wage arbitrage makes even more sense.
RE: We need to place a 10~15% tariff on all imported goods and materials.
Expect our trading partners to retaliate and similarly IMPOSE a 10-15% tariff on all goods coming from the USA.
I’d like to see how this trade war creates job in the USA.
Between your implied assertion the other day that terrorism doesn't strike light rail, and now your Smoot Hawley Act comments, I can only remain ever thankful you are not elected to any office.
Considering that we don’t export much anyway, it is a trade war that we would win.
You need to do little research.
America has massive exports of goods.
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