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Message
re: Companies continuing to offshore jobs….
Posted on 12/4/24 at 8:57 am to bhtigerfan
Posted on 12/4/24 at 8:57 am to bhtigerfan
quote:
No one is forcing them to move manufacturing overseas you idiot. And just because the company can be more profitable by doing so doesn’t mean they have to.
Thats how CEO's get fired.
the problem isnt corporations, its your own govt destroying the dollar.
1
Posted on 12/4/24 at 8:58 am to GeauxtigersMs36
Greed.
Posted on 12/4/24 at 9:05 am to FourThinInches
quote:
Never seen HR and accounting offshored
I work at a CPA firm. It happens all the time and has been for a few decades. Specifically India.
Next time when you sign your engagement letter for your tax return, look on the last few pages. It will probably have a waiver where you allow them to use outside contractors for unspecified certain services. That is code for "we are sending this to India and we don't want you to sue us if there is some sort of data theft".
HR as well. More of the grunt level stuff while the employee facing staff are usually American.
Posted on 12/4/24 at 9:08 am to RogerTheShrubber
quote:Possibly, but the government isn’t forcing them to move by law like that idiot mentioned.
Thats how CEO's get fired.
Posted on 12/4/24 at 9:08 am to tide06
quote:A 50% tariff on solar panels hasn’t worked. How high a do you think we will have to go?
The only thing that will onshore jobs are tariffs, changes to the trade agreements or tax restructuring.
quote:There’s your answer. It’s like saying “we can’t beat Bama unless they give us three points every time they score a touchdown”.
Right now every incentive drives livable wage jobs offshore and to replace domestic workers with visa employees. Failure to do so results in an inability to compete on cost.
quote:Bernie? Is that you?
The goal shouldn’t be wealth creation for multinational corporations.
The goal should be wealth creation at the individual level and the current set of incentives does the exact opposite of that.
Posted on 12/4/24 at 9:12 am to bhtigerfan
quote:
No one is forcing them to move manufacturing overseas you idiot. And just because the company can be more profitable by doing so doesn’t mean they have to.
It is fuzzy stuff but board of directors and executives can easily get the boot by their investors if they don't make the most profitable choices on behalf of shareholders. Despite what Americans say out of one side of their mouth, they really get pissed off when their Company A stock is getting its teeth kicked in by Company B because Company B offshored half their workforce while Company A kept them in America.
You need to lay some of the blame on Americans for this situation. They absolutely love it when they pay less for a product or service. They just don't like to see how the sausage is made so that they pay those lower prices.
Posted on 12/4/24 at 9:13 am to lake chuck fan
quote:Patriotism is awesome. We need more of it. But… would you be willing to take a 50-75% pay cut to be patriotic? That’s what you’re asking businesses owners to do.
The shift towards globalism has eroded national pride a spoiled populace that takes our success for granted, forgetting the traditional American values that got us here.
Posted on 12/4/24 at 9:17 am to Taxing Authority
quote:
would you be willing to take a 50-75% pay cut to be patriotic? That’s what you’re asking businesses owners to do.
I'm sad that I even read this topic. "Dem greedy corporations I tell you wut".
Posted on 12/4/24 at 9:18 am to Bass Tiger
quote:I mean, I don’t see many opting for lower pay. Do you? The idea that maximizing income is “greed” would make just about everyone “greedy”.
Is it low wage, low skill workers who are greedy or is it the members of the US Corporatocracy who are greedy?
quote:Thats nice. Good thing corporations have some secret currency that’s immune to inflation
In real terms when adjusted for inflation working class wages have been flat or falling for 50 years.
Posted on 12/4/24 at 9:20 am to SlowFlowPro
quote:Lok man. With enough tariffs we can go back to manual typewriters, and digging with shovels instead of excavators, and using land lines. Think of all the jobs that will be created!
Because their value in the American economy hasn't kept up with more valuable labor output in our advancing economy. Our economy advancing and developing so far has created many avenues for higher margin output, so those jobs will have wages increase due to that productivity. Unskilled labor, especially lower-level manufacturing, still has very low-margin output.
Posted on 12/4/24 at 9:21 am to crossfire
quote:
Trump tried originally by allowing companies to repatriate their profits and it give them a break and incentivize them to bring the companies back.
So they don't have to play by the rules? frick that. Tariff them like everyone else.
Posted on 12/4/24 at 9:21 am to I20goon
quote:Nah. The American consumer has greatly benefited from less expensive goods.
The only winners are the politicians
Posted on 12/4/24 at 9:24 am to bhtigerfan
quote:Right. Just like workers. Just because a worker can earn $20/hr doesn’t mean they have to. They should volunteer for pay cuts.
And just because the company can be more profitable by doing so doesn’t mean they have to.
Sounds silly doesn’t it?
This post was edited on 12/4/24 at 9:25 am
Posted on 12/4/24 at 9:29 am to Taxing Authority
quote:
A 50% tariff on solar panels hasn’t worked. How high a do you think we will have to go?
For industries that create primary jobs like the auto industry? As high as it takes to force them to onshore manufacturing.
You want to sell here, build here.
We have the most important market in the world and should use the leverage that comes along with that to improve outcomes domestically.
quote:
There’s your answer. It’s like saying “we can’t beat Bama unless they give us three points every time they score a touchdown”.
Do you not agree that creating livable wage jobs domestically is a superior outcome than optimizing profits for globalist companies?
If the companies involved were domestic only and were being driven to reinvest their profits here it might be a somewhat different story but right now the profits are being extracted to the benefit of non-US interests.
quote:
Bernie? Is that you?
Explain how profit generation for multinationals that don’t result in domestic wealth generation or jobs is the optimal outcome for a US citizen relative to other approaches.
Posted on 12/4/24 at 9:43 am to Taxing Authority
quote:Read my post again.
Right. Just like workers. Just because a worker can earn $20/hr doesn’t mean they have to. They should volunteer for pay cuts.
Sounds silly doesn’t it?
I was responding to him saying that laws were forcing them to offshore jobs which is ridiculous.
Posted on 12/4/24 at 9:54 am to SlowFlowPro
quote:
b. There are plenty of economic opportunities for these people. They just refuse to take them and refused to adapt and developed cultures of pathology that now prevent them from working normal jobs.
When we used to have this exact conversation with black people in ghettos, it was not controversial at all. When that conversation shifted to white people from less urban areas in areas idolized as halcyon, NOW it's a crisis. It's silliness.
A message board constrains the messages sometimes. If I had completely expounded on the subject I would have written that The Great Society placed disincentives to taking low paying jobs. Those disincentives are a big factor in the professionally unemployed classes regardless of race. But is it possible to get rid of that?
quote:
Assuming you're right (and I don't agree), the conversation shifts to "how?" And if the answer is more government, then this becomes dubious.
The “how” is tariffs. As I wrote above, I’d love to see entitlement reform, but I don’t know if it’s even possible.
I think you and I are both Neo-Liberals in the classical sense. We both seem to believe in small government, low levels of regulation, and (un)fettered economic liberty.
The parenthetical is where we perhaps depart. I get the feeling you are a let-the-chips-fall-where-they-may type. I believe in limiting how far apart the chips can fall. I think that if we let a system like this play out the rich and the poor will become separated by too much; and by “too much” I mean a gap that will radicalize the poor and lead to an unsustainable society.
Some organizational concessions to Labor, along with the requisite protectionism to make that Labor competitive, can close that gap to where we have something sustainable. And the more we cut entitlements, the less meddling we will need. Lastly, we must have protectionism to hoard the industries necessary for our security. I hope that’s not controversial.
Posted on 12/4/24 at 9:58 am to RogerTheShrubber
quote:
The feds job is to keep unemployment low (create shite jobs with low pay) and inflation low.
Its failing on both ends because the jobs we create dont pay well and inflation is hard to contain because of constant deficit spending.
That’s not the Feds failure; it’s a failure of our lawmaking bodies.
Posted on 12/4/24 at 10:00 am to GeauxtigersMs36
quote:
Why don’t ceos take a pay cut? Why don’t the upper management take pay cuts?
When my old company fell on hard times (three times in 27 years) every executive in the company took substantial pay cuts in the neighborhood of 30%. And we were setup with heavy profit sharing, so hard times created an automatic pay cuts in the besides the actual one.
Posted on 12/4/24 at 10:02 am to tide06
quote:So 300%? Surely that won’t lead to inflation.
For industries that create primary jobs like the auto industry? As high as it takes to force them to onshore manufacturing.
quote:Why would anyone do this? They can make more money by simply skipping the US market. Let me ask you… given California’s expensive labor and regulatory market… do you think it’s reasonable or unreasonable corporations are relocating to TX and FL? Or do you consider those corporations “greedy”?
You want to sell here, build here.
quote:In a vacuum? Sure! But no such magic wand exists. The only way to use vastly more expensive domestic labor is to increase the cost of goods. What happens next?
Do you not agree that creating livable wage jobs domestically is a superior outcome than optimizing profits for globalist companies?
quote:This isn’t relevant. Unless of course, you believe corporations exist for the “common good” of society, not the people that own it. There’s a word for that.
Explain how profit generation for multinationals that don’t result in domestic wealth generation or jobs is the optimal outcome for a US citizen relative to other approaches.
This post was edited on 12/4/24 at 10:08 am
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