“How come whenever I read about one of these factory closings and offshoring to Asia and elsewhere, the company in question is actually very profitable? “
Because the media, which has a liberal, pro-union, agenda prints those stories.
“When I do a little research it always turns out that they are making huge profits and no where near losing money.”
So what. Companies (especially manufacturing companies with a lot of tooling) plan years in advance in supply chain and have to stay ahead of competition. If managed correctly, big moves are made when still profitable.
“UA, the parent company of Carrier, made huge profits last year.”
Sounds like they are a well-managed company whose board makes proactive decisions, but not relevant to the relevant questions:
How was the particular profitability of this line of A/C units doing?
Were lower-cost competitors poised to capture market share?
So now they should lower the price! Not gonna happen....
Luckily we are gong to get a Persistent that will put America first. Go Trump!