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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWhy are so many other countries creating more jobs than the US??
I heard on MSNBC this morning that Germany, and even Britain, were creating more jobs than the US? They wondered, "Why is that?"
In my opinion, there is a very simple explanation. We have shipped all our jobs overseas. It is not because American taxes were too high. It is because these companies did not want to pay any taxes at all. They had an intense dislike for their government unless their government could get them a tax cut so they could maximize their profits. Low wages and low taxes or no taxes was the capitalist dream. That is where our jobs went and that is why we are not creating jobs as fast as some other countries.
Skittles
(153,202 posts)American workers are considered "liabilities"
badtoworse
(5,957 posts)Businesses are going to locate their operations in places with the lowest costs and that is not going to change. Factor in labor costs, regulations and taxes and the US is not very competitive against many other countries. We need to address those things and make the US a more attractive place to manufacture things.
Whining about how the 1% are pimping our jobs overseas is not going to accomplish anything.
kentuck
(111,110 posts)If you only make $40 billion in profits, rather than $50 billion, it's just difficult to compete. It is greed, pure and simple.
badtoworse
(5,957 posts)Have you? Why would you expect that to change? How long do you think a company would stay in business if it did not sell its products at a competitive price?
Call it greed if you want, but competition is not going away. The sooner we recognize that, the sooner we might entice businesses to move back here.
WinkyDink
(51,311 posts)Profits can be put back into the business to improve it (like should have been done with our erstwhile steel industry); however, THE INVESTING CLASS WANTS THEIRS FIRST.
It was not always thus.
badtoworse
(5,957 posts)The decision about what you do with the profits (i.e. reinvest or pay dividends) has nothing to do with how you generate the profits. If you're not competitive, the decision will be easy because there won't be any profits.
WinkyDink
(51,311 posts)badtoworse
(5,957 posts)That's reality. How would you propose to change that?
oldhippie
(3,249 posts)... would change that.
KurtNYC
(14,549 posts)Quality of education in the US.
Resources spent on bank bail outs.
Resources spent on Iraq and Afghanistan wars.
All of these partially explain the difference between the last 12 years in the USA versus for example Canada.
CrispyQ
(36,527 posts)only the labor they are cutting are all the workers, no management. Last week, one guy called in sick on the same day another guy was taking vacation. The rest of the crew are temporary workers who are not trained to do anything but the most simple of tasks. They had to call two other people to cover the shift & those people still had to work their regular hours. Time and a half & double time was paid out because management does not want enough workers to cover vacations/sick calls.
It is disgusting that labor is the first place they look to cut costs, but never upper management. There are management folks where my husband works making seriously good six-figure salaries & not one of them has been laid off but half of my husband's department has. Today a big-wig from New Jersey is coming out & they are all worried that more heads are on the chopping block. Let me correct that. The workers are worried, Management is not.
We need to outsource some CEO & upper management positions.
I hate corporate America.
muriel_volestrangler
(101,370 posts)For instance, the US unemployment rate has dropped from 8.2 to 7.6% in the past year: http://data.bls.gov/timeseries/LNS14000000
whereas the UK's latest unemployment rate is 7.8% - 0.4% lower than a year before: http://www.guardian.co.uk/business/2013/jun/12/uk-unemployment-falls
So it seems the US is creating jobs faster than the UK. German unemployment is lower than both (6.9%), but has grown slightly in the past few months.
nebenaube
(3,496 posts)numbers that are pulled out of an official's ass instead of your own. That metric is a worthless misrepresentation of reality.
muriel_volestrangler
(101,370 posts)Don't expect anyone to join you in it. No-one will believe for a moment that you are more familiar with the national unemployment situations of 3 separate countries on 2 continents over the past year than the people whose jobs are tracking the figures. Who do you think you are, Thomas Friedman with an extensive list of taxi drivers to tell you what's really going on in the world?
geek tragedy
(68,868 posts)They were in a double-dip becaues Europe chose austerity.
EC
(12,287 posts)mentioned the Unions are still intact in Europe.