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U.S. Firms Add Jobs, but Mostly Overseas [Where's The RNC On This?]
Wall St. J ^ | April 26, 2012 | SCOTT THURM

Posted on 04/26/2012 10:52:20 PM PDT by Steelfish

April 26, 2012 U.S. Firms Add Jobs, but Mostly Overseas

BY SCOTT THURM

Thirty-five big U.S.-based multinational companies added jobs much faster than other U.S. employers in the past two years, but nearly three-fourths of those jobs were overseas, according to a Wall Street Journal analysis.

Those companies, which include Wal-Mart Stores Inc., International Paper Co., Honeywell International Inc. and United Parcel Service Inc., boosted their employment at home by 3.1%, or 113,000 jobs, between 2009 and 2011, the same rate of increase as the nation's other employers. But they also added more than 333,000 jobs in their far-flung—and faster-growing— foreign operations.

The companies included in the analysis were the largest of those ...

(Excerpt) Read more at online.wsj.com ...


TOPICS: Business/Economy; News/Current Events; Political Humor/Cartoons
KEYWORDS: jobs; usjobs; usjobsoverseas
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1 posted on 04/26/2012 10:52:23 PM PDT by Steelfish
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To: Steelfish

WSJ stubs really suck .)


2 posted on 04/26/2012 11:01:04 PM PDT by allmost
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To: Steelfish

The RNC’s busy catching up to the DNC in terms of being more liberal than ever.


3 posted on 04/26/2012 11:17:01 PM PDT by Olog-hai
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To: Steelfish

Federal taxes on repatriated earnings are so massive, that it is economic suicide to bring money earned abroad back into United States.

The companies have no option other than to use the money to expand their businesses abroad.


4 posted on 04/27/2012 12:03:43 AM PDT by FormerACLUmember
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To: Steelfish
[Where's The RNC On This?]

Where do you think the should be?

But they also added more than 333,000 jobs in their far-flung—and faster-growing — foreign operations.

Makes perfect sense to me! Where there is growth in demand, there is a growth in employment! Or should the RNC take the stand that a company may not do well overseas when the ecomony at home sucks?

5 posted on 04/27/2012 12:07:03 AM PDT by An.American.Expatriate (Here's my strategy on the War against Terrorism: We win, they lose. - with apologies to R.R.)
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To: Steelfish

Don’t subscribe so can’t read the entire article - but IMO many of the comments are well worth reading.


6 posted on 04/27/2012 12:16:44 AM PDT by Grams A (The Sun will rise in the East in the morning and God is still on his throne.)
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To: An.American.Expatriate

Where there is growth in demand, there is a growth in employment
Sounds like something the current administration might say to shrink the US jobless figure. There is no benefit to the USA to have companies based in the USA employ workers outside the USA when they could be employed here. Alexander Hamilton’s Report on Manufactures is still valid. Outsourcing undermines our national security.
7 posted on 04/27/2012 12:25:44 AM PDT by Olog-hai
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To: Olog-hai
here is no benefit to the USA to have companies based in the USA employ workers outside the USA when they could be employed here.

So the Walmart in Germany should employ a US Citizen in the US at the check out line - UPS should employ US Citizens for it's delivery personal in France, etc ...

Interesting concept ....

8 posted on 04/27/2012 2:11:02 AM PDT by An.American.Expatriate (Here's my strategy on the War against Terrorism: We win, they lose. - with apologies to R.R.)
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To: An.American.Expatriate
Nonsequitur. Retail and manufacturing are disparate in that respect, and retail in that arena is not taking jobs away from Americans.

Read Hamilton’s “Report On Manufactures”. There’s text online.
9 posted on 04/27/2012 2:21:48 AM PDT by Olog-hai
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To: Olog-hai

Read the article! It specifically mentions Walmart & UPS as well as Honeywell ...

ALL of them have operations in overseas markets and employ locals to do the work locally - this has no effect on the US market UNLESS those positions could have been done by someone in the US, i.e. a company moves it production to a foreign country.

You want to be pissed off because Walmart & co hired 300K overseas workers over a 2 year period to satisfy overseas requirements? Knock yourself out.

Are you also pissed off when BMW & Co hire Americans to sell cars in the US? Or when Deutsche Telekom hires Armericans to perform work in America?

International Companies hire workers internationally. When a specific regional market grows, the comapny hires more workers there to satisfy demand.

Thats Business 101 ...


10 posted on 04/27/2012 2:38:39 AM PDT by An.American.Expatriate (Here's my strategy on the War against Terrorism: We win, they lose. - with apologies to R.R.)
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To: An.American.Expatriate
Please read Report on Manufactures. My primary focus is on Honeywell, FTR, in this context. Wal-Mart and UPS are not manufacturers.
11 posted on 04/27/2012 2:43:45 AM PDT by Olog-hai
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To: Olog-hai

Okay, so your bound and determined to be pissed. Fine.

Ever consider that Honeywell & Co also sell products and services overseas and that they need local workers to do that?

Call up Honeywell International’s homepage and check out what positions are open in the foreign markets before you get all bent out of shape about them hiring workers overseas.

Lastly, if you don’t like the fact that manufacturing jobs have been moving offshore for decades - maybe you should start campaigning for a level playing field (i.e. high tarifs on products & services coming from places like China) which would do a lot to stop that from happening ...


12 posted on 04/27/2012 2:58:43 AM PDT by An.American.Expatriate (Here's my strategy on the War against Terrorism: We win, they lose. - with apologies to R.R.)
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To: An.American.Expatriate
"Or should the RNC take the stand that a company may not do well overseas when the economy at home sucks?"

Just noting that the US economy does not suck uniformly -- according to the BLS, in March 2012 the unemployment rate among those with a Bachelor's degree and higher was 4.2%. Among Black or African-Americans, Both sexes, 16 to 19 years old, unemployment was 40.5%.

It's good that US companies are hiring overseas. Their overseas operations don't have an Obama to contend with, and he appears to have succeeded in his goal of creating a permanent US underclass. Have the Dems proposed legislation to punish US companies for operating successfully in countries that are not run by economic ignoramuses yet?

13 posted on 04/27/2012 3:48:49 AM PDT by Sooth2222 ("Suppose you were an idiot. And suppose you were a member of congress. But I repeat myself." M.Twain)
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To: Steelfish
[Where's The RNC On This?]

LOL SUCKERS.
14 posted on 04/27/2012 3:53:03 AM PDT by cripplecreek (What does it profit a man if he gains the whole world but loses his soul?)
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To: Steelfish

crickets.....

Nobody in DC is capable of finding a mirror ....and using it to discover the root of the problem


15 posted on 04/27/2012 4:05:54 AM PDT by mo (If you understand, no explanation is needed. If you don't understand, no explanation is possible.)
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To: Sooth2222
Obama's fault?

The data shows the drop in domestic hiring as a percent has fallen from 79% in 1989 to 67.7% in 2010.

The data also shows the drop in 2009 was 0% and in 2010 was 0.3%

Any way, it is very important to give these companies the Ryan tax break so the shift more of their hiring overseas.

16 posted on 04/27/2012 4:18:03 AM PDT by Ben Ficklin
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To: An.American.Expatriate
Lastly, if you don’t like the fact that manufacturing jobs have been moving offshore for decades - maybe you should start campaigning for a level playing field (i.e. high tarifs on products & services coming from places like China) which would do a lot to stop that from happening ...

BUMP!!!


17 posted on 04/27/2012 4:23:06 AM PDT by Cringing Negativism Network (Obama ate his own dog as a child in Indonesia??)
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To: Steelfish
The rnc DOES NOT want to win this election... everything that they do and do not do... points to this conclusion.

LLS

18 posted on 04/27/2012 4:33:03 AM PDT by LibLieSlayer (Pray hard and often!)
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To: Ben Ficklin
"Obama's fault?"

He's the only US President that I know of whose strategy has been to formally codify laws and regulations that actually punish US companies for hiring lower skilled workers here in the US. Of course it's a brilliant strategy, because if they're unemployable, they're Democrats for life!

Ivy league lawyers, MBAs and PhDs should do fine in their guarded suburban enclaves. The core urban Democrat constituencies, less so. Will they ever realize it, or just stay in the pot of warm water as it boils?

19 posted on 04/27/2012 5:20:41 AM PDT by Sooth2222 ("Suppose you were an idiot. And suppose you were a member of congress. But I repeat myself." M.Twain)
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To: Steelfish

sounds like a perfect setup for an Obama-Biden Vilify and Demonize Tour if I’ve ever heard one...


20 posted on 04/27/2012 6:10:33 AM PDT by Buckeye McFrog
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