Like I said.
Patriotic Americans should divest themselves of stock in these companies.
“All companies whether headquartered in the US or elsewhere have a fiduciary responsibility to their share holders to maximize their return on investment. Many times this dictates that companies have to look overseas for less expensive labor and material to accomplish this business objective in order to remain competitive”
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While this is correct, it should also be said that American consumers accelerated the process themselves. When common
stock investing went mainstream crazy in the late 80s and 1990s the market began demanding not just annual performance, but QUARTERLY performance.
What’s the quickest way for a manufacturer to increase profit level and thus stock price??? You go to a cheap labor market!! So if you have money, in a 401K, that is invested in US manufacturers that off-shore.... YOU have contributed to this process.
If American consumers, who had incomes that were directly or indirectly related to manufacturing, understood this process they might have demanded that it stop twenty years ago. But they went right on shopping at that worlds largest retailer and slit their own throats.
Now the problems are really coming home to roost.