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Bringing jobs back to america
WilburHooksHands
Member Posts: 6,804
in Tug Tavern
Let me caveat by saying i dont know shit about any of this...
What are the big hurdles to bringing outsourced jobs and manufacturing back to america? Is the main issue that companies just want the biggest margins possible? Is this just a labor cost issue? TIA
What are the big hurdles to bringing outsourced jobs and manufacturing back to america? Is the main issue that companies just want the biggest margins possible? Is this just a labor cost issue? TIA
Comments
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In THIS pandemic?
At this point the concern ix bringing back the 40 million American jobs that have been lost by Americans
Also I don't know. Let the smart kids answer -
I think the answer lies in the question of "why did those companies outsource in the first place?"
My semi-educated answer is cheaper labor and less government regulations. -
Americans cost more (higher salaries, employers pay for health insurance in US, etc.).WilburHooksHands said:Let me caveat by saying i dont know shit about any of this...
What are the big hurdles to bringing outsourced jobs and manufacturing back to america? Is the main issue that companies just want the biggest margins possible? Is this just a labor cost issue? TIA
Also, China subsidizes some businesses, meaning that they can sell products at unbeatable prices.
US needs to create incentives for businesses to do stuff in America. -
That's it. No one really wants their kids sewing up Nike's. They would rather have them selling them. Now outsourcing all of our antibiotic production to China and India is beyond stupid.BleachedAnusDawg said:I think the answer lies in the question of "why did those companies outsource in the first place?"
My semi-educated answer is cheaper labor and less government regulations. -
What if paying people real wages to sew up Nikes is what its going to take? Is that going to actually destroy a company like Nike or just the stock?WestlinnDuck said:
That's it. No one really wants their kids sewing up Nike's. They would rather have them selling them. Now outsourcing all of our antibiotic production to China and India is beyond stupid.BleachedAnusDawg said:I think the answer lies in the question of "why did those companies outsource in the first place?"
My semi-educated answer is cheaper labor and less government regulations.
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Labor costs, regulation, subsidies/incentives, and also the "hub" effect(Shenzhen makes Drones, Detroit makes cars, SF has Tech)WilburHooksHands said:Let me caveat by saying i dont know shit about any of this...
What are the big hurdles to bringing outsourced jobs and manufacturing back to america? Is the main issue that companies just want the biggest margins possible? Is this just a labor cost issue? TIA
How much of a deep dive would you like?
Flattening and reducing the corporate tax rate made small/medium US businesses more competitive with large multi-nationals who outsource.
The trade war with China is mostly about subsidies and state sponsorship of "dumping"(eliminating your competition by pricing at a loss short term).
RIP @CirrhosisDawg IP theft is another big issue, why innovate in an expensive protected market like the US if you can just steal the tech(with government assistance) in China and sell it in the US.
To some degree it is the natural progression of an advancing economy and technological improvement. The US is more of an IP/Service industry than ever before. Do we really need steam engine manufacturing back from India at this point? The thing that many economists had wrong though was that there are "strategic" industries worth having even if they are outdated ex. Steel, pharma, agriculture etc. The other major oversight was losing advanced manufacturing along with low value manufacturing. I would also point out though that US manufacturing is actually at all time highs(or was RIP WuFlu) it's just that as a per capita industry it has taken off by employing fewer people and more automation. -
Once upon a time when the lock down was going to be for a couple weeks to flatten the curve back in March, the US economy was strong enough to bounce back due to the demand that was there as unemployment was low and jobs were up as was income
It could have been a pretty good bounce back pretty quick.
Now with Biden as president over a country that was locked down from March to November coming in with his socialists and tax increases you can bend over and kiss your ass goodbye -
I've had experience with this. The two biggest drivers are labor cost and taxes. Some countries will have free trade areas that allow more favorable and flexible application of tax laws. Also in general corporate taxes are lower.
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FewerBleachedAnusDawg said:I think the answer lies in the question of "why did those companies outsource in the first place?"
My semi-educated answer is cheaper labor and less government regulations. -
https://foxnews.com/media/tammy-bruce-pelosi-dems-covid-trump
In an interview on "Fox & Friends," Bruce said that while coronavirus restrictions were once a "genuine issue" in the beginning, what is "occurring" now is entirely politically motivated on behalf of liberals.
They want to keep this framework going of panic and chaos. I think in part because they think it might hurt the president," she said. "They are wrong. Americans are not infants. We know what is going on, and we are going to defend our lives. The president, I think, is within that framework. He understands that, but this is not going to bode well for the Democrats in November."
"Fox & Friends" host Ainsley Earhardt pointed out that Democratic House Speaker Nancy Pelosi, D-Calif., called COVID-19 the "Trump Virus."
"That tells you everything you need to know.," Bruce laughed. "We can't deal with the serious problems if the Democrats are not even willing to face reality. And, that is the case in many dynamics."
