Posted on 01/06/2006 4:08:21 AM PST by saveliberty
FYI, Boston used to be a center for financial services but the high taxes and expensive real estate have given companies something to think about.
Eh, just higher rents than R.I. It's pretty simple.
Smithfield is pretty cheap. And there is less competition for skilled workers.
Exactly
When you relocate your business to another state, it's now called "exporting jobs"? Pathetic.
Right, because no changes in behavior are supposed to happen. Ever. Especially when money is involved.
Hey it could be worse...they could have exported the jobs to less expensive accountants in India or China!
Financial services tried the India experiment. Some of them had to bring the jobs back, because customers complained of the language barrier (we speak English differently) and the cultural barrier (inability to understand that the customer is right).
On the other hand, tech jobs can be successful. For example, the night crew for Oracle is in India and they are really good.
Not only that, you need a Series 7 license to perform many of these functions. I don't know if it's possible for Indian nationals living in India to get one.
If they are acting as fiduciaries, yes, that would be an issue. But there are plenty of service jobs that aren't.
Net net, they tried it and some had to roll it back.
What's the difference between a company moving from central city to suburbs of that city?
Or to an adjacent state?
Or to a distant state?
Or to an adjacent country?
Or to a distant country?
Does an employer have a "property right" in the jobs it creates?
Does an employee have a "property right" in the job he has?
Does a government have the "power" to regulate when and where a job can move in or out of its jurisdiction?
***"this is the other shoe dropping that we have been waiting for,”***
Massachusetts lost it’s once viable shoe industry for the same reasons.
Shoe manufacturers left Massachusetts starting after the First World War because of, they said, higher production costs here than elsewhere in the United States or overseas, such as wages, union demands, and government regulations. Workers in Asia oftentimes earn less than a dollar per hour. (Massachusetts News By John Pike).
To Kennedy, Kerry, and the other Boston-centric stuck-ups, there is Massachuchets and then the rest of the world. So to them, it is 'exporting jobs.'
Look for a rise in taxes to make up for the loss of revenue. /s
I PRAY that they raise taxes in Taxachusetts to make up for this. Might wake those idiots up.
And the housing bubble in Boston takes another prick...
Boston is going to splat very soon...
Actually RI does cut tax deals to businesses that settle there.
I agree with you
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