Thursday, November 1, 2012 8:14:20 AM
I don't know about everyone else, but I really want more of THIS! 4 more years of double-digit (true) unemployment, multi-trillion dollar deficits and death panels killing Grandma! Hurray for the status quo!
Important points: -Affiliates in high-income countries accounted for 79% of total affiliate output -Parent companies account for 69.6% of worldwide employment of U.S .multinationals—21.7 million parent workers versus 9.5 million at affiliates. This translates into a ratio of almost 2.3 U.S. employees for every one affiliate employee.
Wednesday, October 31, 2012 6:56:52 AM
*ship jobs overseas. Link even mentions how Japan's move was the "unlikeliest of transformations."
And products like iPhones etc. get made in China and people don`t say "this product would be much higher quality if it were made in the US." You are not a manufacturing economy any more, and if you are trying to be, then your country sucks at it when compared to the "third world" alternatives.
Wednesday, October 31, 2012 6:53:43 AM
@Cajun: Case in point Ford introduced the $5 workday at 8 hrs per day in 1914 Apparently you missed the part where I said those days were long gone, which they are. You can't use an example from 100 years ago when there was little to no globalization and compare it to now. Also you are dead wrong, I know of many, many companies that shift production to China specifically because they save incredible amounts of money on the bottom line. To suggest that businesses prefer "quality" labour over cheap labour is laughable on the whole, though there are exceptions, but those are just that, exceptions, not the rule.
@Crakr: Like I said to @Cajun, just because some companies don`t take advantage of cheap labour doesn`t mean it`s the norm. Also, auto manufacturing is the one industry that the US generally does better than everyone else, so it`s not surprising that they would shift auto manufacturing there. But if you look at the tech industry, they always sh