They are free to do business in the most economical way they can, to benefit their stockholders and customers
There may be fewer BoA bank clerks in the US but there will be more customer and stockholder wealth to spread into other opportunities
Capitalism is a grand thing - if we stop letting obamite liberals poison us to it
I agree with what you’ve said. But if the high paying jobs all leave the U.S. then there will not be the money here to buy these companies products. You could say that would be an example of poor long-range business planning.
In the end it leaves a much poorer world economy. You can’t bring everyone up to a high standard of living by knocking down the ones that already are there.
Jobs overseas create wealth for America.
They create wealth that enables people overseas to buy American goods and services...that boosts the value of our companies and their stock.
Of course we have to compete globally with China, India, South Korea and the like.
So..?
Protectionism is a failed idea. Ask the former American steel workers.
Do you think many US investors and pension funds own stock in BoA? If this boosts BoA bottom line it boosts every owner and investor. If not, then they vote out the BoA management or pull their money and invest elsewhere.