Why do we never hear about other countries that outsource to the U.S?
There are so many foreign companies that have opened plants and various facilities here, from car companies to toy factories, but we only hear about what we outsource. We often blame Obama for sending jobs overseas, but don't bring up the jobs he attracts. I'm not taking sides, but it doesn't seem fair. Please state facts; not generalities.
Seriously I doubt there are any outsourced jobs from US to other country. There are contractors, but I don't think outsourcing. You couldn't get an American to work for $1.00 an hour. Really, I'm speaking out of turn because I don't know actual figures. I just know Americans outsource to other countries because they save a buck.
This is another thing about our media that irritates me. In my state there are numerous manufacturing facilities from Germany that have set up. I wouldn't necessarily give credit to Obama because our governor has gone overseas to fight for these jobs, but none the less why doesn't it make national media like all the "outsourcing' does? BMW has a large facility here. It's great for our local economy. They continue to add on and bring more jobs. This makes it to the local news then we never hear about it again.
People are so busy thinking that no one would bring jobs here (because they think this is the greatest nation), when in reality USA workers are cheaper than many of the countries bringing jobs here.
A little quote I found interesting "In 2010, Germany produced more than 5.5 million automobiles; the U.S produced 2.7 million. At the same time, the average auto worker in Germany made $67.14 per hour in salary in benefits; the average one in the U.S. made $33.77 per hour. Yet Germany’s big three car companies—BMW, Daimler (Mercedes-Benz), and Volkswagen—are very profitable....more."
Countries don't outsource or insource jobs...Companies do. This a very global economy. Jobs will go wherever it makes the most sense for them to go based on numerous factors. Among them is the cost of labor, energy and levels of taxation. In many cases because of our vastly diverse financial system, many foreign companies have opted to do business here in the US. As an Example, TD Bank, which is the second largest Canadian bank has expanded rapidly in recent years across the US. On the automotive side, Toyota sells more cars in the US than in Japan. And they are manufactured by US workers in the US. In other areas, mainly manufacturing, the US has not been competitive as a result of some of our labor restrictions. Yet as we become more energy independent, the cost of labor may become less relevant. The point is that capital goes where it is most welcome. The only thing elected officials can do to promote insourcing of jobs created by foreign companies, is to make the US a place that people want to do business in. While in some area's we are attractive, for the most part, we've become less competitive and attractive in an anti business climate. Don't point the finger at the company. They are only doing what they are supposed to do. Make a profit for their shareholders in the most efficient way possible. It's our elected leaders who too often do a bad job of attracting foreign investment.
by ngureco3 years ago
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