Forced higher cost of doing business (COGS) KILLS jobs, therefore,
- Minimum wage KILLS jobs
- Regulations KILLS jobs
- Union protection KILLS jobs
- High taxes KILLS job.
THOSE are the job killers. Those are what makes American business lose the competitive edge in the marketplace.
Thanks Jim.
And all this time I thought $0.10 cents an hour wages vs American wages was at least part of the problem.
Glad you cleared that up.
Let me ask you this Jim. How does lowering regulations in the U.S. bring back jobs by itself if China has none?
It doesn’t have unions. It doesn’t charge us high taxes as far as I know.
Looks like your model needs some work.
Not sure if that last post made sense to you.
I’ll clarify.
I support addressing each of these things you have mentioned. Having said that, I have to be honest with myself. How does eliminating our minimum wage help bring jobs back, if we’ll never get folks to work for Chinese wages?
How does it help if we eliminate every Regulation, if China doesn’t apply them there at this time?
Even if we got rid of every union, please explain why that makes us better than China. It doesn’t have them.
Yes, high taxes do kill jobs. Once again though, if we lowered our taxes to 10%, would that be less than our businesses pay China?
So while I want to address all these things, I have to admit it isn’t the competitive thing that some folks think it is. In some instances it would simply fall short of what folks already achieve in China.
That’s why I say tariffs must be a component of bringing back jobs.