Bringing Back Jobs

Discussion in 'Politics Discussion' started by Rhoda D'Ettore, Nov 9, 2014.

  1. Rhoda D'Ettore

    Rhoda D'Ettore Guest

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    We all know many jobs have gone out of the country for cheaper labor. What do you think would need to be done in order to bring back the jobs to the USA?

    Imagine there were no trade agreements. Would placing high tariffs on imports which would make it more costly to buy Chinese products rather than US products build industries that have almost been obliterated?
     
  2. JR Ewing

    JR Ewing Super Moderator Staff Member

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    I'm generally not in favor of tariffs and other excessive government interference with the free markets.

    But I do think that enforcing quality control standards could be one way to play hardball with the Chinese. If they're putting poison or glass in pet food and baby food or otherwise are importing crappy products, I think that is one area where restrictions and penalties against them should be harsh.

    I think lowering the corporate tax rate, allowing companies to move $ already taxed overseas back here tax-free, and reducing some of these added regulatory overreaches we've seen in recent years would help stimulate the economy and job growth.

    Businesses should be incentivized to do business here - not penalized or bullied. Granted you've got to have some regulations to keep everyone honest, but we've become quite business-unfriendly overall here in recent years.
     
  3. Gelsemium

    Gelsemium Senior Investor

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    It's really hard to bring back jobs when labor is way cheaper in China for example. I do think a new kind of jobs have to exist to face unemployment, I don't see how that can be achieved though.
     
  4. gmckee1985

    gmckee1985 Senior Investor

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    I think we've already seen some companies move their operations back to America. Not nearly enough though. Growing up in a part of the country where textile mills were prominent, I've seen first hand how devastating outsourcing can be. My home town has a really high poverty rate even though it's been 15-20 years since the textile mills shut down. In order to prevent more companies from moving, we need to obviously make America more business friendly. That can be accomplished in a lot of ways such as lowering the corporate tax burden, removing regulations, and making it easier for businesses to find qualified employees.
     
  5. Gelsemium

    Gelsemium Senior Investor

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    Sure, there are lot of measures that can be take to get jobs back, but I still think that many companies prefer profit over the development of their regions.
     
  6. gmckee1985

    gmckee1985 Senior Investor

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    Profits aren't everything. Businesses look at a lot of different factors when deciding where to build or expand. One main factor is the quality of the work force. America is pretty much unmatched on that measure. Another is tax climate. That's the area that we need to change in as a country if we want to be more competitive and bring more of our jobs back home.
     
  7. Determined2014

    Determined2014 Guest

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    That will be difficult to do, because where the jobs end up going are places where people are willing to do the work at a very loe cost, this people are willing to just do the work no matter how low the pay is unless like you are saying they raise the tarriffs on imports, maybe that would do.
     
  8. Peninha

    Peninha Senior Investor

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    That's true, there are jobs, but in locations where people don't want to go, everyone wants to stay in the big cities and usually there aren't many offers.
     
  9. SteakTartare

    SteakTartare Senior Investor

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    Lowering the tax-rate (corporate, cap gains, etc.), deregulating some sectors, and curbing the abuses of some agencies would go a long way to making the environment a little more business friendly here. As it is, the US can't compete in some industries because of all the nonsense imposed on private industry.

    That and its time for our society to get real about education reform. We need the best and the brightest to be remain on the top and right now, that isn't happening.
     
  10. gmckee1985

    gmckee1985 Senior Investor

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    Yeah jobs and the economy and education go hand in hand. A big reason we are struggling economically is our subpar education system. It's just not preparing people for college and the work force. We are having to import way too many highly educated people. We should be able to educate our own people with no problem. We are the richest country in the world. There is no reason for our schools to be as bad as they are. I think the main problem is that they are so outdated.
     

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