Many U.S. companies are hiring ... overseas - PowerStrokeNation : Ford Powerstroke Diesel Forum
 
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post #1 of 4 (permalink) Old 12-28-2010, 02:36 PM Thread Starter
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Many U.S. companies are hiring ... overseas

Many U.S. companies are hiring ... overseas - Business - U.S. business - msnbc.com

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The trend helps explain why unemployment remains high in the United States, edging up to 9.8 percent last month, even though companies are performing well: All but 4 percent of the top 500 U.S. corporations reported profits this year, and the stock market is close to its highest point since the 2008 financial meltdown.

But the jobs are going elsewhere. The Economic Policy Institute, a Washington think tank, says American companies have created 1.4 million jobs overseas this year, compared with less than 1 million in the U.S. The additional 1.4 million jobs would have lowered the U.S. unemployment rate to 8.9 percent, says Robert Scott, the institute's senior international economist.

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post #2 of 4 (permalink) Old 12-28-2010, 10:33 PM
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Re: Many U.S. companies are hiring ... overseas

This only makes logical sense. If a company sees an opportunity to grow and profit by doing it overseas, you bet your a$$ they're going to do it. Every company tries to find the niche first, when one does, many others will soon follow, because they see the benefits from doing it. That is there ticket to making many of the same products cheaper and more competitively priced. It is all about volume. Instead of selling 1 million of these widgets for U.S consumers @ a $1, why not make 1 billion for consumers in the U.S, India , China, etc for 95 cents. India is one the fastest growing econonmies in the scale of agriculture revolution. The have the worlds second largest tractor builder-Mahindra. It is rumored they will take over the No 1 position held by Deere.
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post #3 of 4 (permalink) Old 12-29-2010, 02:21 AM
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Re: Many U.S. companies are hiring ... overseas

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Originally Posted by Binderpower View Post
This only makes logical sense. If a company sees an opportunity to grow and profit by doing it overseas, you bet your a$$ they're going to do it. Every company tries to find the niche first, when one does, many others will soon follow, because they see the benefits from doing it. That is there ticket to making many of the same products cheaper and more competitively priced. It is all about volume. Instead of selling 1 million of these widgets for U.S consumers @ a $1, why not make 1 billion for consumers in the U.S, India , China, etc for 95 cents. India is one the fastest growing econonmies in the scale of agriculture revolution. The have the worlds second largest tractor builder-Mahindra. It is rumored they will take over the No 1 position held by Deere.
Good point. You have to realize, this is now a global economy. You have Terex and Volvo selling heavy equipment all over the world, why not Mahindra?

Take a closer look at China and India.. twenty-five years ago, their economies were in the Stone Age, now they're worldwide market players. Why? Because US & EU companies went over there to sell to a virgin market.

In 1970, China had 600,000 million people, and how many had cars? Six? Eight? A few dozen people at the most? (I exaggerate, I know...) Now, they have a population of a billion and half the country has at least one auto. What are you supposed to do, build it here and ship it there? Or build it there and maximize your profit margin?

SouthEast Asia is next.. Vietnam, Laos, Cambodia, Burma..

dude.. anywhere they posses the skill set to make lenses for eyeglasses, they can develop a skilled workforce..

Think about all that goes into a high rise office building.. not just the concrete and steel, or the carpet and wall paper..
think about the light bulbs.. the desks, chairs, computers.. hell, calculators, pencils and paper clips..
why does stuff cost so much now?
Because you have a billion and a half more people using it now, than you did 25 years ago...

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post #4 of 4 (permalink) Old 12-29-2010, 03:08 PM
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Re: Many U.S. companies are hiring ... overseas

I'm impressed. Guys here are seeing the big picture.

Now the question is... how do we resolve this without shooting ourselves in the foot in regards to the global marketplace?

I've seen people clamor to keep jobs in the U.S., but how is that realistic if our labor market can't compete globally in terms of price?

I have seen a trend happening lately, and something I think our country should capitalize on.... foreign companies establishing themselves locally here in the States. Look at companies such as BMW, Toyota, Honda, Nissan, and others. While the Big 3 are shipping manufacturing and jobs north and south of the border, the others are expanding here in America. I think we need federal tax breaks and incentives to push this trend even further, and perhaps even entice local businesses to remain here if they have the option to fall into a lower tax bracket.

Face it, America has a very high federal corporate tax structure compared to many other industrialized nations. Companies like Toyota, Honda, etc came here because individual states were handing over HUGE tax breaks and relief packages to help offset the federal tax expenses.

Anyway, that's just one idea. I'm sure there are many others too.

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