MoPar Maniac
Well-Known Member
If wages are the driving force to sending jobs overseas why have foreign companies built factories here and are building more?
Low wages, no unions to negotiate higher wages and benefits (raising cost to produce), no EPA or OSHA which protects employees and the environment but which also raises cost to produce, and cheap raw materials.If wages are the driving force to sending jobs overseas why have foreign companies built factories here and are building more?
If every disposable thing was made to last 70 years there would be zero need for advancements in manufacturing.Compare this press to any of the crap made overseas and I wonder what those new press's will look like in 70 plus years.
Seems you misread what you replied to?Low wages, no unions to negotiate higher wages and benefits (raising cost to produce), no EPA or OSHA which protects employees and the environment but which also raises cost to produce, and cheap raw materials.
INCORRECT.Low wages, no unions to negotiate higher wages and benefits (raising cost to produce), no EPA or OSHA which protects employees and the environment but which also raises cost to produce, and cheap raw materials.
Automation has gotten rid of many jobs!
Unless you specialize in robotics!
The question remains: which foreign countries are these factories coming from? If they are from Europe or Japan, wages may be higher at home than here, so there may be labor and transportation cost advantages that cause the companies to build factories in US as part of trading in our marketplace. I doubt you will find that Chinese, Indian, Pakistani, Bangladeshi, and 3rd world nation companies are building factories here. (If you have info to prove differently, please submit it.)If wages are the driving force to sending jobs overseas why have foreign companies built factories here and are building more?
This is key.The smart ones chose to take our training course
So why don't those companies go to China, too?The question remains: which foreign countries are these factories coming from? If they are from Europe or Japan, wages may be higher at home than here, so there may be labor and transportation cost advantages that cause the companies to build factories in US as part of trading in our marketplace. I doubt you will find that Chinese, Indian, Pakistani, Bangladeshi, and 3rd world nation companies are building factories here. (If you have info to prove differently, please submit it.)
So why don't those companies go to China, too?
And even if they copy your item but miss out on the 'special sauce', and create/sell an inferior product, it'll look so much like yours that it will harm your company's reputation anyway.China requires technology sharing to locate there. The learn how to make stuff and then pirate the product and then under sell the companies they make products for and try to drive them out of business.
this one?at a local Lumber yard I bought a Milwaukee saw.
It didn't disappear overnight, it can not return overnight but it needs the support of the American people or you'll be coding like Obama wanted.
If you're going to make this about red vs blue party, don't forget that until relatively recently the Republicans were more in favour of international trade deals, and the Democrats not in favour of increased globalization, being historically more pro-union. There have been exceptions by both parties, of course, and more recently the two parties seem to be reversing roles. But members of either party can be bought by powerful lobbyists representing big business, present administration included.China requires technology sharing to locate there. The learn how to make stuff and then pirate the product and then under sell the companies they make products for and try to drive them out of business. Part of the sweat heart deals signed/negotiated and supported by Hunter Biden, Obama, The Clintons, John Kerry and many others. Buy the politician and screw the American worker. Companies go broke and that puts downward pressure on wages and then open the borders and let cheap immigrant labor in that puts more pressure on wages. Marvelous plan Joe Biden et all have.
Dave
I think I know what you're getting at. Labour is a market subject to supply and demand, like other business inputs. Government has allowed businesses to merge in the interest of cost savings, but those cost savings have come at the expense of the businesses cutting duplicated departments and letting those workers go. That has reduced the need for workers, contributing to unemplyment and UNDERemployment, such as in some specialized fields which would have otherwise been high-paying occupations. For such specialized occupations, there may only be a couple remaining businesses which need their particular skills. Those businesses know that, and can suppress wages because they know that workers have no alternative.Cheap labor inside this country hasn't helped us either.
If you ever to compete or you actually do compete, you know what I mean
Not often that we agree but here I think you've hit the nail on the head. The rise of globalism and globalisation has exposed the weakness of our current political economy. Our governments have forfeited their responsibility to maintain a competitive level playing field in capitalist markets. As a result our democratic institutions have been undermined through massively funded lobbying efforts along with campaign financing schemes.If you're going to make this about red vs blue party, don't forget that until relatively recently the Republicans were more in favour of international trade deals, and the Democrats not in favour of increased globalization, being historically more pro-union. There have been exceptions by both parties, of course, and more recently the two parties seem to be reversing roles. But members of either party can be bought by powerful lobbyists representing big business, present administration included.
I think I know what you're getting at. Labour is a market subject to supply and demand, like other business inputs. Government has allowed businesses to merge in the interest of cost savings, but those cost savings have come at the expense of the businesses cutting duplicated departments and letting those workers go. That has reduced the need for workers, contributing to unemplyment and UNDERemployment, such as in some specialized fields which would have otherwise been high-paying occupations. For such specialized occupations, there may only be a couple remaining businesses which need their particular skills. Those businesses know that, and can suppress wages because they know that workers have no alternative.
The remaining businesses can also squeeze their suppliers on the input side, because they know that their supposed competitors won't pay any more the same raw materials. (E.g. slaughterhouses. Only a few companies own all the animal processing facilities across the US. This lack of competition suppresses wholesale livestock prices, driving down farmers' profits.) -- This flip-side of monopoly (excess demand but only one supplier) is called a "monopsony" (excess supply but only one buyer).
The genesis of this situation goes back to the Reagan administration. Prior to that, anti-trust laws were administered by considering citizens as workers, entrepreneurs, business owners, as well as consumers. Companies could be broken-up or mergers denied based on those metrics. Under the Reagan administration and afterwards, citizens are primarily treated as CONSUMERS only. Company mergers are generally allowed if they can successfully show that there would be a benefit to consumers.
This ultimately led to the current situation in many types of business where there is a small group of dominating businesses which are operating in a monopolistic fashion, and have extensive government lobbying powers. e.g. BIG pharma, BIG oil, airlines, telcos, etc. Their lobbying efforts are steering lawmaking, not necessarily what is best for consumers.
It's all about the greed for increasing profits for X amount of quarters to receive their bonus. If India will do it cheaper than China they will move to that supplier. No loyalty among thieves. Just like countless movie's and tv shows, the squirrelly thief will flip flop and follow the money with not a gram of loyalty.If you're going to make this about red vs blue party, don't forget that until relatively recently the Republicans were more in favour of international trade deals, and the Democrats not in favour of increased globalization, being historically more pro-union. There have been exceptions by both parties, of course, and more recently the two parties seem to be reversing roles. But members of either party can be bought by powerful lobbyists representing big business, present administration included.
I think I know what you're getting at. Labour is a market subject to supply and demand, like other business inputs. Government has allowed businesses to merge in the interest of cost savings, but those cost savings have come at the expense of the businesses cutting duplicated departments and letting those workers go. That has reduced the need for workers, contributing to unemplyment and UNDERemployment, such as in some specialized fields which would have otherwise been high-paying occupations. For such specialized occupations, there may only be a couple remaining businesses which need their particular skills. Those businesses know that, and can suppress wages because they know that workers have no alternative.
The remaining businesses can also squeeze their suppliers on the input side, because they know that their supposed competitors won't pay any more the same raw materials. (E.g. slaughterhouses. Only a few companies own all the animal processing facilities across the US. This lack of competition suppresses wholesale livestock prices, driving down farmers' profits.) -- This flip-side of monopoly (excess demand but only one supplier) is called a "monopsony" (excess supply but only one buyer).
The genesis of this situation goes back to the Reagan administration. Prior to that, anti-trust laws were administered by considering citizens as workers, entrepreneurs, business owners, as well as consumers. Companies could be broken-up or mergers denied based on those metrics. Under the Reagan administration and afterwards, citizens are primarily treated as CONSUMERS only. Company mergers are generally allowed if they can successfully show that there would be a benefit to consumers.
This ultimately led to the current situation in many types of business where there is a small group of dominating businesses which are operating in a monopolistic fashion, and have extensive government lobbying powers. e.g. BIG pharma, BIG oil, airlines, telcos, etc. Their lobbying efforts are steering lawmaking, not necessarily what is best for consumers.