So Trump is gonna help increase jobs for Americans? Then why is his own clothing line made in foreign countries?
Posted on 02/20/2016 12:39:01 PM PST by SatinDoll
Well then, you must like losing your job to someone in Mexico who will make $3/hour.
Union leaders at an air conditioner factory in Indianapolis threatened with losing 1,400 jobs to Mexico said on Tuesday the plants owner expects to pay Mexican workers $3 an hour compared to an average of more than $20 an hour for the U.S. workers.
"We have not given up the fight yet," said Chuck Jones, president of the United Steelworkers union local that represents workers at the Carrier Corp plant. "But Carrier has pretty well indicated that the wage differential is too great and there is not much we can do."
A spokeswoman for Carrier, a unit of United Technologies Corp (UTX.N), said the company pays a "competitive wage" based on local conditions and could not discuss pay levels.
So what do you do about this?
Without wage and environmental parity tariffs you do nothing about it, because you can't.
This is a national policy issue. China protects its industries with tariffs and local-content rules that make it effectively impossible for firms to do the same thing to them. But the United States, in return, gives China, Mexico and other nations open access to goods and services produced there even when their "advantage" comes from paying people $3/hour or having free rein to pollute the land, water and air instead of having to dispose of their toxic wastes cleanly and safely.
What drives this disparity and wage need? Let us remember that $3/hour is in fact roughly 50% more than the minimum wage was when I started working. In other words, not a terrible wage. Now it's less than half of the minimum wage.
In the intervening years the federal government went from $600 billion in outstanding marketable debt to $14 trillion, an increase of 23 times.
Every dollar of deficit spending debases the currency every time, dollar-for-dollar. It thus makes prices go up; this is arithmetic, not politics, and cannot be prevented.
At the same time non-financial businesses increased their debt (that is, circulating "moneyness") by a factor of approximately 10 times, which also debased the currency and households were goaded into borrowing almost 12 times the amount of money, which in turn also debased the currency as well.
But while corporations were goaded by government policies that "encouraged" such borrowing, as were households (e.g. mortgage interest tax deductions, etc) the worst offender by far was the Federal Government.
Anyone and everyone complaining about Carrier and others moving jobs to Mexico who also supports or allows any form of government deficit spending, no matter what the funds are spent on, needs to STFU.
Your incessant screaming for more-more-more-more that is not paid for via current taxes is why that pay disparity exists, in part, and is a large part of why those jobs have and are leaving.
YOU are destroying this nation's job base.
Oh, so you have worked for Donald Trump in the past?
I don’t like Trump and he’s not the only candidate who will stop jobs from going to Mexico.
Did I mention that his intent to use tariffs to stem the tide of jobs going abroad is NOT the answer. That only sparks trade wars which we have no means of winning.
Be rid of most Cruz Bots soon
We are not winning anything now.
And not one of the other candidates knows anything like Trump - a graduate in economics from the Warhol School of Business. They are mostly lawyers or politicians with donors who expect to be paid back after the election.
That wouldn’t stop him if he was still a democrat!
Yup, and unfortunately a lot of the anti Trump noise we have around here comes from school teachers yelling from the teachers lounge echo chamber. They have no clue about business, economics or finance. They have never signed the front of a pay check much less negotiated hundred million dollar contracts.
Trump is playing by the rules. When I was in the steel business, we got to a point where we had to buy precision cold drawn bars from Japan in order to compete with our competition. It was not a level playing field. Try running a business and get back to us before you go bust.
Only an idiot thinks the the USA is not in a trade war right now.
Yup. Too many clowns around here are clueless about business. They collect a paycheck from the university and criticize others from the sanctity of the teachers lounge echo chamber.
Trump’s going to bring those people back here so tehy can make $3 an hour in America.
Nothing personal. I think that way about all Democrats.
So Trump is gonna help increase jobs for Americans? Then why is his own clothing line made in foreign countries?
In your post you might as well have called Jesus a devil. Reagan is “god” to some people. I loved Reagan but he did not work miracles.
Would you please quit telling the truth about Trump?
Only an idiot thinks we’re winning.
Wrong!
Cruz has clearly stated that he’s going to roll back regulation and taxes which are the true roadblocks to a competitive American business climate.
I don’t care what Trump graduated from, his tariff proposals are NOT solutions.
Yup. When your employees and their family’s livehoods, the food on their tables and the roofs over their heads are on your shoulders week in and week out then you know what it’s like to really have to fend for yourself. It’s bad enough to deal with competitors, unions, vendors, customers who don’t want to pay, employees who are less than stellar, the banks, lawyers and accountants, the state agencies, but then the government in the form of OSHA and the EPA etc etc. step in and just make it worse. To hear Obama say “you didn’t build that” just shows his total sickening ignorance.
What Trump has done is absolutely amazing - in one of the toughest markets of all he has succeeded. Knowing what I know, but on a much smaller scale, I am in awe.
Mr. Deo, just read on your profile that your account has been banned or suspended. What gives?
It was just a *tiny* ban. That’s why I can still post from the cornfield. :-D
Oh My Goodness! Finally an article that describes why I don’t like trump.
/sarc
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