Tag line.
I wonder how long this joker's "long run" is.
Nope. Not buying it.
From 2004? The data is in now. Trump always said he believed in free trade. We don’t have free trade. We have unilateral disarmament.
Let me guess. You are a Cruzbot.
Are you a snake handler too?
because he’s such a genius, that they will trust that he is playing two games at once and has a yuge!! secret plan behind all the double talk.
Because it’s all about him, you know. Didn’t you see how the Chinese and Mexicans forced him to make his clothing in their countries by devaluing their currency? /s/
Given our laws and economic environment in 2005, he was correct from a business owner’s point of view.
That should be easy to understand. What is good for business owners isn’t always good for the USA.
The problem is that we have to create laws that are good for the American worker. As Trump has said, America doesn’t win anymore. We don’t win because of what politicians have been doing inside the beltway.
Quoting Trump is not fair. It’s considered lying.
‘Some” outsourcing is good for jobs.
BUT the profits have to come back and be reinvested HERE.
The government prevents that with high taxes on any returned funds.
I think the money companies hold overseas is in the trillions.
First of all, this was written in 2005.
Second he is addressing the IT industry, have things changed in the industry in the last 11 years, you bet.
Third, technology in its advances have replace many menial jobs and therefore putting people out of work but increasing profits and allowing companies to invest in other areas that improve life as a whole.
It’s just the way it is, the only solution is to limit the application of certain technologies, I don’t see that happening.
Wow.
2006 was a far different world than 2016.
In 2006 when the American economy was booming and there was a jobs bonanza, do you think Americans cared about outsourcing?
Now in 2016 when Obama has brought America to a near collapse, do you think Americans care about outsourcing?
By 2020 when President Trump will have created an economic boom and a jobs bonanza, so you think Americans will care about outsourcing?
Only losers and loners would answer yes to all the above except for 2016.
I’ll take the bait. The Donald writes:
“but if a company’s only means of survival is by farming jobs outside its walls, then sometimes it’s a necessary step. The other option might be to close its doors for good.”
These conditions arrive PRECISELY because of unfair trade practices and hostile business environment in USA the very things that Trump wants to correct! Our businesses can’t compete right now. You will also take note that farming out of jobs was not presented as a good thing but as a last resort instead of going out of business. Not exactly an endorsement.
In 2004 when this was written, Ted was working in the Bush FTC implementing “free trade” for the Bush’s.
Your point again?
The other side of the equation would be reciprocation by building u.s. plants from foreign companies. They don’t because of the tax laws, not to mention unfair trading practices.
I’m for competition but the playing field is not fair and the tax code puts us back the 10 yard line
Two out of three US STEM graduates do not get jobs in their fields of study because those jobs are taken by H1B immigrants who will work for a small fraction of what US graduates need just to pay off their student loans.
I think what is usually missing from discussions about outsourcing is just exactly *why* is the outsourcing happening.
IMO, ultimately, cheap labor alone is only a small component now.
-EPA and its war on American companies actually manufacturing goods
-federal regulations by a myriad of agencies that are so anti commerce and punitive as to make starting and conducting business a losing proposition
-corrupt labor unions and practices that are fully supported by the federal government
-A declining quality of the US labor force that actually makes the quality of labor in some other countries competitive from a quality point of view, not just cost.
-does anyone really believe that all our little traumatized snowflakes with degrees in gender studies and taco science (for real course at UK) are going to provide any productivity in the years to come?
Who makes up this nonsense? Who believes it?
The Law of Comparative Advantage held fast for centuries, and America would not have propsered if it hadn’t. But Ricardo based his argument on an assumed immobility of capital, and after technology removed those barriers, it needs to be re-considered. Most economists now think in terms of competitive advantage rather than comparative advantage, which for example means, the US competetes through increased productivity and innovation rather than cost by encouraging Asia to produce the world’s supply of microchips but having firms in the US who are the best at applying them to create high=value solutions. Apple would be an example of this, where the company creates much greater value for it’s shareholders by outsourcing non-core activities like electronic assembly.
What Trump calls “smart trade” provides an incentive for companies like Apple to outsource that work to US companies at a competitive price.