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Does anyone know how many jobs are located in the US due to foriegn companies moving them here?

What if we pass a law preventing US jobs from leaving the country? Will, other countries then take their US jobs and move them back to their country?

Anyone?
 

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since the Bush Admin has not stated how many have come here I am Assuming not many. (maybe some Bush voters ... I mean the hispanic vegatable pickers).

The fact that jobs are leaving is alarming but what will eventually cause havoc is when research and development is all done over seas. China already has more than 50% of the r&d of our top notch compouter companies.

Nations are still investing in America but may shift if R&D leaves
 

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From the Hill:

Outsourcing is bad, insourcing is better
Republicans test a new phrase in debate over jobs
By Josephine Hearn

Stung by Democrats’ attacks on the outsourcing of U.S. jobs overseas, Republicans have begun to emphasize “insourcing” — a catchy new term that describes the friendlier flip side of free trade.

Insourcing is the movement of foreign jobs to the United States. Conventionally known as foreign direct investment, insourcing has risen in recent years as more foreign firms set up operations in America.

One example: the 4,300-worker BMW factory in Greer, S.C.

Insourcing, which accounted for 6.4 million jobs nationwide in 2001, has been growing at a faster rate over the past 15 years than outsourcing, but from a lower base, figures compiled by the Organization for International Investment (OFII) show.

The trade group, which coined the term insourcing, represents the U.S. subsidiaries of such corporate giants as Toyota (Japan), Nestlé (Switzerland) and Siemens (Germany).

Armed with OFII’s numbers — which also show that insourced jobs pay 16.5 percent more than the average domestic job — GOP lawmakers hope to neutralize Democratic arguments that free trade hurts American workers.
 

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By the way, I was reading George Wills column the other day in newsweek,and he said that 40% of all jobs that were outsourced came within 90 days of 9/11...just part of the fact of life after the day that changed the world for ever.

Another thing the dems will NEVER tell you is the unemployment rate of 5.6% is the lowest of of all industrial nations...including frances and germanys rate of over 9%.
Economic growth is about 3 times that of those countries also.
 

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Two words. CHEAP LABOUR. Take a garment factory for example, these US owned companies can get their clothes produced for about 4x or more less than they can in the US.
 

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Funny thing when someone says buy American. What is more American, buying a Toyota or BMW built in the USA or a freaking Dodge built in Mexico? Personally, is it really free trade when you are trading with a country that is far below your level economically such as Mexico, India or China compared to other nations such as Germany, Japan, France? Sure, it will help bring the Chinese and Mexicans up but it certainly doesn't seem to do us any good. Unless Walmart becoming the biggest company in America is a good thing in your eye.
baba.gif
 

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Instead of passing laws preventing outsourcing how about bigger tax breaks for US Companies to stay in America. Of course such an act would probably be interpeted as a tariff by some of these countries and a trade war might start.
 

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Outsourcing will continue to occur if Bush or Kerry is president after 2004. This has been occurring for over 20 years. You could clearly see this when there has been auto manufacturing companies leaving the United States to set up shop in a different country thus leaving almost entire towns shattered due to the fact that their entire job force focused on working in the auto plants.

Outsourcing has been around now for many years, what happens is that it now has a specific name and much more media coverage.
 

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Alex - I agree. If companies can make things for less in another country, they are going to do it. It doesn't matter what the President does.
 

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Trying to prevent jobs going to cheaper labour markets is a fruitless endeavour. When the FTA agreement came into effect, Canada got clobbered. We had to dramatically reduce (and sometimes eliminate) tarriffs which led to many American companies pulling out and manufacturing at home. All of this happened during the recession of the early nineties, so you can imagine the impact. My father lost his job as a direct consequence of free trade. However, in hindsight, I'm glad that Canadians went through that when we did, and we're much better off for it now. Globalisation is an inevitable consequence of capitalism, and will eventually lead to an increase in the standard of living for people in developing countries. (If, and only if, the WTO does it's job properly and ignores the economic weight of the G-7, and if the IMF and World Bank grant voting rights by population. Given the uprising against these organisations, I see this happening.) Protectionist tax breaks or other incentives by the American gov't will only lead to isolation, and a resentment by international consumers, which could be equally damaging.

Moving jobs to overseas markets will hurt for a while, but it's funny how the economy tends to adjust itself. Businesses who sell in your market will of course understand that their markets will shrink uncontrollably if jobs are not created at home ... Lou Dobbs needs to take a gander at the bigger picture.
 

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<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR> Protectionist tax breaks or other incentives by the American gov't will only lead to isolation, and a resentment by international consumers, which could be equally damaging <HR></BLOCKQUOTE>

Couldn't agree with you more darlin'...John Qerry has already proposed the type of incentives your talking about.The sad part is people have to suffer in the meantime till it balances out...but again Qerry is just proposing what is in his best immediate intrest and not the whole picture.
 

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Actually, what Kerry is proposing is an elimination of tax breaks that act as incentives for companies to move jobs overseas.

The US gov't needs to get out of the business of trying to unilaterally regulate the global economy. What Kerry proposes is, ironically enough, a step in the right direction.
 

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So you eliminate tax breaks thereby forcing layoffs,and over pricing products to make up for it...taxes rarley are the right direction.
Does this mean he is going to make sure that Heinz who has (check this out) 57 out 72 companies overseas pay their share??..Watch the wording on this bill if it comes up.
 

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"Actually, what Kerry is proposing is an elimination of tax breaks that act as incentives for companies to move jobs overseas."

Almost any economist will tell you that outsourcing of jobs has little to do with taxes and much more to do with labor and material costs.
 

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