American small businesses find they can be more competitive by hiring Indians electronically. Some, like Willie Green, would advocate protectionism. OK, let's delve into that. Say we pass laws putting punitive taxes on corporations that offshore. Fine, those taxes get passed along to the shareholders and consumers as either lower dividends or higher prices.
Since all consumers SHOULD have a choice of what and when to buy we find that the higher prices offered by domestic corporations cease to become competitive when compared to the burgeoning manufacturers of the near and far east.
Taxes. Since the domestic corporations have a higher tax burden than those that export to the US we find that the higher prices offered by domestic corporations again cease to become competitive.
We pass more laws further restricting the globalization of our domestic businesses.
Pretty soon we are left to our own devices since most domestic corporations have left the US for foreign shores where capitalism is less restricted. Most of our GDP is service oriented and internal since we have isolated ourselves from the rest of the world.
We have a period of many years where wealth is not created in America because the large businesses have left and the small business can't compete with cheap black market imports and even if they do, they are taxed to the hilt and regulated to the nines.
We can isolate ourselves all we want but the rest of the world is not going to sit around and wait for America to get on its feet.
If we can't compete in the world as it is right now, today, here, then we might as well pack up our bag of goods and retire. There is no escaping it, there is no amount of protectionism that will "save" us, there is no amount of government action that can overcome the inevitable worldwide market of supply and demand.
Get over it. If you lost your job to outsourcing go back and read about the guy who lost his job making buggy whips. Take a lesson from him and get back in the game. Nobody owes you a job and unless you want totalitarian government nobody is going to give you one because "they care".
we need sane trade policy, and we don't have it. we signed NAFTA in the hopes of using Mexico as a source for low skilled, lower wage manufacuring jobs right on our border, in part to stem immigraion into the US by providing a source of jobs in Mexico. so then what did we do? we signed free trade agreements with China, and all the manufacturing jobs are fleeing Mexico to China, and the Mexicans are coming over the border to take US service jobs, deepressing those wages. does that policy make any sense?
we should have tariffs on chinese manufactured products, period.
you attitude basically says "we give up" - let's race to the bottom.
Well then, the only way America will be able to compete, is when it costs as little to live here as it does in India.
Real estate has a long way to fall before it's as cheap to buy a house here as in India.
Otherwise, no matter what that former buggy whip maker decides to next, he'll soon find that career sent overseas, too.
Big mistake for our civilization to have sold its knowledge and tools to the third world.
Nothing good will come of it in the long run.
And no one "owes" you their vote, voting in politicians who promise to keep taxes low. An unemployed or underemployed American wont care about taxes when they vote, so you have two choices down the road, employ more Americans(and not import cheap labor), or pay more taxes to take care of displaced American workers.