Keep giving tax breaks to huge companies that ship the middle income jobs away overseas. When was the last time you had to call customer service with Dell, DirecTv, Sirius/xm, AT&T, Dish Network? Just to name a few that I know of. Our Great nation is hurting and its not just because of illegals, or dems or Rep. This has been going on for many years, I think it all revolves around greed.
Ive worked for some companies who were forced to ship jobs over seas. Hell, my job was shipped over seas. The problem isn't 'greed'. You say greed, they say keeping costs to a point where those American owned companies can stay competitive in the ever increasing world economy. Its not really greed to make changes that keep the company in business, rather than staying with US labor that drives manufacturing costs to the point they can no longer compete with foreign companies also vying for the same global market share.
The ultimate problem is currency value differences. Lets say a Chinese worker can earn a realistic living while earning $5 a day (just tossing that number out there, too lazy to look up actual currency exchange rates). We hear all the time about Indian and Chinese workers making a tiny fraction of what would be considered a livable wage in this country. Think those workers go home and eat nothing? Dont live in homes? Dont own vehicles or have expendable income? They do. People tend to think 'wow $5 a day, how do they live!' when the truth is $5 a day in that country is a good wage. When their wage is translated into American currency and compared to an American cost of living, it looks impossibly low. But, again, in their native country that might be a rather healthy income. So, as I said, the problem is in currency exchange rates. 20 years ago everything was 'made in Japan', but the currency exchange rate caught up to them too, and now its made in Malaysia, China, India, etc. Consider it a growing pain of globalizing economies. The US is simply seeing it the most substantially because we were really the first industrial superpower on the scene, so its the most advanced in this country. These problems will not go away until currency exchange rates stabilize, which tbh Im not knowledgeable enough in finances to under what that will take, or how long. But I do know the same thing will happen to China and India as their currency becomes stronger, and other countries with weaker currencies step up to fill the void.
One thing the US does have going for it is its such a large market that even foreign owned companies ship labor over here for logistical reasons. Take Toyota for example, we've all seen the commercials touting they are "American made". But there is still a catch there also, as those factories are generally just assembly plants. The parts are manufactured over seas, and then shipped here to be assembled in plants that more and more are automated (less actual employees). The jobs created by, and profit incurred by, actually making the raw parts (casting engine blocks, creating wiring harnesses, molding/stamping body panels, etc) is much greater than the final assembly. But assembling those parts here give Toyota the ability to claim 'made in America' to dupe less knowledgeable but patriotic Americans, not to mention avoiding major import tariffs placed on fully assembled vehicles. Its also logistically cheaper to ship parts here and then assemble them, than it is to ship fully assembled cars, and the majority of company profits from domestic sales go back across the ocean to Japan. Its a win-win situation for Toyota. Remember that the next time someone tells you they didnt buy a foreign made car, they bought an American made Toyota. Smoke and mirrors. But at least it does provide *some* jobs locally, which is better than none.
Okay I'll get off my soap box.
