Corporations keep overseas job figures a closely-guarded secret

[blacken700]

Many of the same corporations that have been seeking tax breaks for creating jobs in the United States are jealously guarding their figures on how many of their jobs are actually created overseas.

The Washington Post reported Sunday, "So secretive are these companies that they hand the figure over to government statisticians on the condition that officials will release only an aggregate number. The latest data show that multinationals cut 2.9 million jobs in the United States and added 2.4 million overseas between 2000 and 2009."

http://www.rawstory.com/rs/2011/08/21/corporations-keep... /


Repukes have harped how higher taxes will kill new Job creation...
Over and over and over again...
It is a smoke screen for Corporations...
Just more Lies and deception to the American People..

[GigantorX]

So....you wan't to raise the tax rate on corporations to get them to keep labor in the U.S.? I'm confused.

This is what happens when you have floating currencies, cheaper labor in another country etc.

The cost of doing business in the U.S. is astronomical. Taxes, paper-work, inefficient tax code, regulations, environmental law, the list goes on and on. The CEO of Intel said that it would cost around 1 billion dollars + a long lead time to build a factory in the U.S. while it would take around 25-50% of that +shorter build times to construct the same facility in Taiwan.


You get an A+ for shallow, ignorant and talking points driven partisan hackery.

Sadly, you're grade in actual knowing anything about anything nets you a solid D- in this case.

[Soul Crusher]

So....you wan't to raise the tax rate on corporations to get them to keep labor in the U.S.? I'm confused.

This is what happens when you have floating currencies, cheaper labor in another country etc.

The cost of doing business in the U.S. is astronomical. Taxes, paper-work, inefficient tax code, regulations, environmental law, the list goes on and on. The CEO of Intel said that it would cost around 1 billion dollars + a long lead time to build a factory in the U.S. while it would take around 25-50% of that +shorter build times to construct the same facility in Taiwan.


You get an A+ for shallow, ignorant and talking points driven partisan hackery.

Sadly, you're grade in actual knowing anything about anything nets you a solid D- in this case.

You must leove beck and russ   

[GigantorX]

Well, you have all of the above and plus the massive influx of even high skill jobs such as computer science, engineering etc that forces wage arbitrage. Part of the problem, and it's a big part, is the absolute abuse and use of the H1-B visa program.

Companies will hire IBM or some Indian outsourcing company to come over and see what positions can be outsourced or "in-sourced" via the abuse of said visa program. The companies will get visas for foreign workers to come over here and take higher payed, higher skilled American workers jobs. The best part of this whole farce is that there is no experience/skill requirement to get an H1-B visa.

Cheap, low skill labor comes in, takes higher skilled labors jobs and then begins the spiral of wage arbitrage via an influx of cheap ass labor and outsourcing.

Corporate giants love to donate a ton of money to politicians to keep the status quo going in this arena.

[tonymctones]

Many of the same corporations that have been seeking tax breaks for creating jobs in the United States are jealously guarding their figures on how many of their jobs are actually created overseas.

The Washington Post reported Sunday, "So secretive are these companies that they hand the figure over to government statisticians on the condition that officials will release only an aggregate number. The latest data show that multinationals cut 2.9 million jobs in the United States and added 2.4 million overseas between 2000 and 2009."

http://www.rawstory.com/rs/2011/08/21/corporations-keep... /


Repukes have harped how higher taxes will kill new Job creation...
Over and over and over again...
It is a smoke screen for Corporations...
Just more Lies and deception to the American People..

LMFAO what a moron you are...

first there is nothing wrong with them only wanting an aggregate(i doubt you even know what this means) version of their jobs overseas. If competition know where the majority of your jobs are they will seek out why you employee ppl there. This could cause you to lose a competitive advantage(again id be suprised if you knew what this was)

2nd and most importantly to your liberal addled brain, IT DOESNT MATTER WHAT THE CORP TAX RATE IS HERE IN THE US, IF THE CORP TAX RATE IS LOWER IN OTHER COUNTRIES...

if it was 0 here and other countries were giving business money then where do you think they would go?

ITS CALLED BUSINESS YOU FUKING MORON!!!!!!

[OzmO]

Can we agree that American companies sending jobs oversees isn't good for us?

If so, how do we solve that problem?

[Soul Crusher]

Lawsuit reform, workers comp reform, real healthcare reform, get rid of the epa, flat tax, harmonize labor laws, etc.

[Deicide]

Can we agree that American companies sending jobs oversees isn't good for us?

If so, how do we solve that problem?

You have a solution, don't you? I thought this was a rhetorical question?

[OzmO]

Lawsuit reform, workers comp reform, real healthcare reform, get rid of the epa, flat tax, harmonize labor laws, etc.

I agree with most of this except getting rid of the EPA.  I think th EPA just needs to be reformed, corralled, punished......

I am more for a consumption tax.  

[OzmO]

You have a solution, don't you? I thought this was a rhetorical question?

I wanna hear people's ideas.  Yours included.  I know you will pray about it. 

[tonymctones]

Can we agree that American companies sending jobs oversees isn't good for us?

If so, how do we solve that problem?

without a doubt, make our corporate tax rate competitive with the rest of the world would be a start.

Simply doing that wouldnt do it all though b/c the labor, materials, overhead etc. is so much cheaper in other countries.

Perhaps get other countries to raise their standards to more closely resemble our own. Possibly passing laws that you cannot import goods for sale from countries that do not meet a certain standard wage, working conditions or what have you.

This would likely cause more problems though as other countries would retaliate towards us and place restrictions on their imports from our country.

kinda a catch 22.

[Fury]

Those evil corporations. Like the solar panel producer Obama gifted with millions of dollars in loans to create Americans jobs here who instead chose to shut down their planet and open one in China.

Fuck yeah, down with the corporations. Team Obama!!!!!!! 

[Deicide]

I wanna hear people's ideas.  Yours included.  I know you will pray about it.  

Well, basically two things need to happen. Corporate taxes need to be drastically reduced in order to attract capital and investment in the country again and quite frankly (no one wants to hear this) workers in the US need to accept significant pay cuts for unskilled or semi-skilled labour. Companies are businesses and are interested in profit; if a company can pay a Vietnamese person $3 an hour and get the same productivity as an American who demands $20 an hour there is no way in hell that company will set up business in the USA. I am not suggesting a specific wage but the bottom line is the market should determine wages.

[tonymctones]

Well, basically two things need to happen. Corporate taxes need to be drastically reduced in order to attract capital and investment in the country again and quite frankly (no one wants to hear this) workers in the US need to accept significant pay cuts for unskilled or semi-skilled labour. Companies are businesses and are interested in profit; if a company can pay a Vietnamese person $3 an hour and get the same productivity as an American who demands $20 an hour there is no way in hell that company will set up business in the USA. I am not suggesting a specific wage but the bottom line is the market should determine wages.

pretty much agree, problem is ppl cant survive here in the US on $3 bucks an hour. What needs to happen is that other countries come up closer to our standards or perhaps a little of both.

[Deicide]

pretty much agree, problem is ppl cant survive here in the US on $3 bucks an hour. What needs to happen is that other countries come up closer to our standards or perhaps a little of both.

Well there is a solution to this and it involves looking at monetary policy and inflation. Since the inception of the Federal Reserve the dollar has lost 98% of its original value, i.e. purchasing power. There was a time when a man with one salary could take care of himself and his whole family but what happened? Inflation. It's not just 'slave labour' that companies can pay people say in Vietnam very little money, you can live like a king on a salary of 2 grand a month in Vietnam...the US needs to change its monetary policy, stop printing money and then a market driven wage might in fact be enough to live off of, even if unskilled labour.

[Dos Equis]

Can we agree that American companies sending jobs oversees isn't good for us?

If so, how do we solve that problem?

We reduce the cost of doing business in the U.S. and give companies incentives to keep jobs from going overseas (or across the border).

[tonymctones]

Well there is a solution to this and it involves looking at monetary policy and inflation. Since the inception of the Federal Reserve the dollar has lost 98% of its original value, i.e. purchasing power. There was a time when a man with one salary could take care of himself and his whole family but what happened? Inflation. It's not just 'slave labour' that companies can pay people say in Vietnam very little money, you can live like a king on a salary of 2 grand a month in Vietnam...the US needs to change its monetary policy, stop printing money and then a market driven wage might in fact be enough to live off of, even if unskilled labour.

inflation is going to happen regardless bro, your explanation is to simplistic. The average consumer buys a butt load more these days as well. To many things to comprehend go into the reasons why it costs more these days but the basic fact of reality is that $3 an hour isnt enough to survive in the US.

[Deicide]

inflation is going to happen regardless bro, your explanation is to simplistic. The average consumer buys a butt load more these days as well. To many things to comprehend go into the reasons why it costs more these days but the basic fact of reality is that $3 an hour isnt enough to survive in the US.

I agree but if the market prices labour costs at that wage...then. I don't know a magic solution. Businesses are not charities and if labour costs are cheaper overseas they will go there. Even with a 0% corporate tax, wage differences in say South East Asian countries will still be too much incentive to move back to the US. I offered a possible long term solution but short term, kind of doomed. American workers demand too much money they would say...

[tonymctones]

I agree but if the market prices labour costs at that wage...then. I don't know a magic solution. Businesses are not charities and if labour costs are cheaper overseas they will go there. Even with a 0% corporate tax, wage differences in say South East Asian countries will still be too much incentive to move back to the US. I offered a possible long term solution but short term, kind of doomed. American workers demand too much money they would say...

preaching to the choir broham...

without a doubt, make our corporate tax rate competitive with the rest of the world would be a start.

Simply doing that wouldnt do it all though b/c the labor, materials, overhead etc. is so much cheaper in other countries.

Perhaps get other countries to raise their standards to more closely resemble our own. Possibly passing laws that you cannot import goods for sale from countries that do not meet a certain standard wage, working conditions or what have you.

This would likely cause more problems though as other countries would retaliate towards us and place restrictions on their imports from our country.

kinda a catch 22.

with us being the biggest consumer of goods in the world and not exporting as much, we do hold some cards.

Lets use our buying power and throw our weight around a little bit. Impose tarrifs etc. on countries that dont meet certain standards. Even if they place tarrifs on our exports it will hurt countries like china etc more seeing as we buy much more stuff from them then they do from us. This will level the playing field without forcing them to raise standards. If they do raise standards we drop the tarrifs.

[Deicide]

preaching to the choir broham...with us being the biggest consumer of goods in the world and not exporting as much, we do hold some cards.

Lets use our buying power and throw our weight around a little bit. Impose tarrifs etc. on countries that dont meet certain standards. Even if they place tarrifs on our exports it will hurt countries like china etc more seeing as we buy much more stuff from them then they do from us. This will level the playing field without forcing them to raise standards. If they do raise standards we drop the tarrifs.

Ok, but do you really think that would make unskilled American labour competitive?

[tonymctones]

Ok, but do you really think that would make unskilled American labour competitive?

nah but thats not the point, the point is to make the goods bought that are manufactured overseas in countries where our companies go b/c of cheap labor etc competitively priced.

If the companies have to sell it for a competitve price here in the US it will negate the cheaper labor bc the company will have to pay the tarriff. So all things being equal hopefully they will choose to stay here in the US or the other countries will raise their standards to be more in line with ours. Which will have the same effect as the tarriffs and again all things being equal the companies will choose to produce things here in the US.

now the problem is that the countries we levy tarriffs on will undoubtedly retaliate probably in the form of tarriffs on goods of ours exported to their country, BUT seeing as we import much much more from those countries than we export to those countries it will be a net gain.

[Skip8282]

So....you wan't to raise the tax rate on corporations to get them to keep labor in the U.S.? I'm confused.

This is what happens when you have floating currencies, cheaper labor in another country etc.

The cost of doing business in the U.S. is astronomical. Taxes, paper-work, inefficient tax code, regulations, environmental law, the list goes on and on. The CEO of Intel said that it would cost around 1 billion dollars + a long lead time to build a factory in the U.S. while it would take around 25-50% of that +shorter build times to construct the same facility in Taiwan.


You get an A+ for shallow, ignorant and talking points driven partisan hackery.

Sadly, you're grade in actual knowing anything about anything nets you a solid D- in this case.

That's a great post.  Don't expect that tard to come back at you with any type of reasonable well thought out response.

 - maybe a youtube vid or some copy paste, but probably 25 emoticons...

[Fury]

So....you wan't to raise the tax rate on corporations to get them to keep labor in the U.S.? I'm confused.

This is what happens when you have floating currencies, cheaper labor in another country etc.

The cost of doing business in the U.S. is astronomical. Taxes, paper-work, inefficient tax code, regulations, environmental law, the list goes on and on. The CEO of Intel said that it would cost around 1 billion dollars + a long lead time to build a factory in the U.S. while it would take around 25-50% of that +shorter build times to construct the same facility in Taiwan.


You get an A+ for shallow, ignorant and talking points driven partisan hackery.

Sadly, you're grade in actual knowing anything about anything nets you a solid D- in this case.

How dare you refute him with facts! It's much better to copy/paste some stupid Youtube clip and then claim that you're not a retard.....all in broken English, of course.

[Fury]

Also to note:

A study conducted by PricewaterhouseCoopers found that U.S. corporations paid an average effective tax rate of 27.7 percent from 2006 to 2009, compared with an average of 19.5 percent for foreign-based corporations. The U.S. effective tax rate was the sixth-highest among the 61 countries that are home to large corporations, behind Japan, Morocco, Italy, Indonesia, and Germany.

B-B-B-But corporations have no reason for shipping jobs overseas. They exist to give us free shit!

[OzmO]

Who is saying there are no reasons for corporations to outsource?