Saturday, January 07, 2006
Insourcing - Pleading with other countries for jobs while further destroying US domestic industries
EconomyInCrisis.org
A report recently released by the US Dept of Commerce cites "insourcing" (foreign owned producers operating in the US) as now responsible for 1 in 9 manufacturing jobs in the US. What is wrong with this:
Insourcing invites foreign countries to disarm and dismantle our domestic industries with American subsidies. We must concentrate on protecting and rebuilding our own American industries.
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EconomyInCrisis.org
A report recently released by the US Dept of Commerce cites "insourcing" (foreign owned producers operating in the US) as now responsible for 1 in 9 manufacturing jobs in the US. What is wrong with this:
- These foreign companies wield tremendous leverage over our government through the employment "hammer".
- We provide massive subsidies to foreign producers as great expense to American taxpayer and great benefit to the foreign producer.
- These companies compete and devastate our domestic industries (e.g. auto industry).
- They ship profits back to their parent companies and countries.
- They retain the high-tech, high-skill jobs in their home countries and give us the low-end assembly positions.
Insourcing invites foreign countries to disarm and dismantle our domestic industries with American subsidies. We must concentrate on protecting and rebuilding our own American industries.
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