Sorry but that’s the way it is. All this crap about how if we only did away with corporate income tax or dropped regulations or did away with Obamacare and then all these jobs would come flowing back is just that, crap. Corporations look at the bottom line only, and any chance they have to ship a job overseas to someone making a third of what an American makes they’ll take. It’s just the way companies operate today. And has been for going on 15 or 20 years now.
You mean they want to make a profit,how mean spirited!
Here is how to get jobs back:
Cut income tax to 15%
Cut Corporate tax to 0%
Cut all regulations back to those present in 1980
Levy an equalization tax on all imports to make up for the lack of regulation in foreign countries.
How do you know something is “crap” until it is tried. It certainly hasn’t worked to have a corporate income tax of 35% when the other countries are at 25%. And it doesn’t help to pile on Obamacare and the EPA and the OSHA requirements. We are regulating and taxing ourselves to death.
The reason jobs are leaving the county is because the amazing amount of crap companies have to deal with to do business, especially manufacturing, in the US is both astounding and devastating.
Then you have to look at the work ethics and low productivity of the average American worker.
The simple fact is that America has become a very, very bad place to do business so companies are following the path of least resistance and leaving the country.
Until Americans figure out that they are in a to the death economic equivalent of war with countries like China and start fighting back with harder work, higher productivity and less government regulations and taxation we will continue to sink and lose industrial base
Hint - if you get laid off because your job got outsourced to India, get together with other out of work people and start your own company and go into competition with either the Indians or the company that laid you off and kick their butts.
THAT's the American way to deal situations like these, not sitting on your dead ass for 99 weeks collecting unemployment like most seem to be doing
“Corporations look at the bottom line only, and any chance they have to ship a job overseas to someone making a third of what an American makes they’ll take. It’s just the way companies operate today. And has been for going on 15 or 20 years now.”
You’re absolutely right; this situation is permanent. Unemployment will fall, when people realize that wearing a sandwich board outside a strip mall pays more than $0, but this is catastrophic. Support for ObamaCare will rise, as people realize that ANY health care is better than none. At this point, people who officially have “health care” can’t afford meds & premiums anyway.
Those jobs are one forever; I like how this story traces the falling wages of this woman. Funny how this is rarely directly connected to “housing bubbles” and “foreclosures”.
“And has been for going on 15 or 20 years now.”
For myself it’s more like over 50 years.
I ran the business for the sole purpose of profit, there is no other reason for a business to exist.
No one runs a business to give someone a job, only government is that stupid.