When big business exports labor outside of the community (overseas) and seeks only profits from within?
Posted: 04-12-2008 | Author: admin | Category: Politics3 Responses to “When big business exports labor outside of the community (overseas) and seeks only profits from within?”
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Good question. You could approach the same subject about foreign owned companies building plants and hiring here. Here’s my take on it. If the cost of labor here weren’t so high (mostly due to unions and excessive “benefits” packages, they’d stay here. As is, to keep the cost down (which they then pass some of on to the consumer), they are FORCED over seas. To stay here would mean higher prices for their goods and services — you would nolonger be able to aford.
As is, ultimately, the money they make in profits goes back to the community in which they live. Foreign companies keep only enough money here to keep the workers pacified. The rest goes home.
Well… if the tax structure, the draconian environmental laws, the OSHA regulations, the other local laws, restrictions, mandates, and on and on were a bit less of a disincentive to doing business, then perhaps more jobs would stay home. The Fair tax (national sales tax) would help by putting the same tax load on imported goods as those manufactured in this country. Possibly even reversing the outflow of jobs.
Business has to export labor because it costs too much to have it here. With those lower costs, prices are kept low for consumers in the US. Without business we would be Cuba or North Korea.
The mutual benefit comes in when politicians change the tax system to make it so companies can hire American workers.