GHook93
Aristotle
- Apr 22, 2007
- 20,150
- 3,524
And 2.1 mil since 2001! That hemogaging of manufacturing jobs MUST STOP!!! Every size Bill Clinton REMOVED the trade barriers with China and pushed/propelled China into the WTO, they have been rapidly created the LARGEST trade deficit btw two countries in the HISTORY of the World!!! Those high paying manufacturing jobs must come back.
The libs will say it's because of the Chinese slave wages. ACTUALLY that is a falllacy: In reality, with shipping costs, US increase automation and efficiency and the rise of wages in China (and throughout Asia) it costs less to manufacturing in US to deliver to US cities than it does China (Japan, South Korea, Indonesia or any of the Asia countries), yet we still are losing manufacturing jobs to mainly China! Something needs to be done.
So what are the reasons:
(1) Over, broad and burdensome regulation:
This is the number 1 factor. First you have to deal with Fed laws, then State and then Local ordiances. The cost, paperwork, restrictions are DESTROYING us. I work in legal/compliance for a global corporation. Just getting any little thing done that should be route is extremely tough. Heck putting an expansion onto a building is costly, complex and over-burdensome. This is the #1 reason we are losing jobs.
(2) Unions:
Unions strong arm employers, force them into HORRENDOUS agreements, allow for ZERO flexibility in down economic times, force unsustainable pension plans down their throats and cry about everything when more is expected from them. Private unions have a place, but their power should be much much less than it is. The power of the corrupt Unions drives entire industries over seasons.
(3) Currency Manipulations:
Every candidate and President since Clinton discussed it, but neither Bush or Obama did anything. It's amazing they can get away with such a gangster move, but we let them.
(4) Taxation:
We have the LARGEST corporate tax rate in the world. Then we have a tax shelter policy that actually ENCOURAGES oversea outsourcing. Then personal income taxes, which effects our SUCCESSFULL small business owners through the flow through taxation system, are so complex (making accounting costly) and high, they drive small business owners also across the sea. Simplicity and less taxation is a solution.
The libs will say it's because of the Chinese slave wages. ACTUALLY that is a falllacy: In reality, with shipping costs, US increase automation and efficiency and the rise of wages in China (and throughout Asia) it costs less to manufacturing in US to deliver to US cities than it does China (Japan, South Korea, Indonesia or any of the Asia countries), yet we still are losing manufacturing jobs to mainly China! Something needs to be done.
So what are the reasons:
(1) Over, broad and burdensome regulation:
This is the number 1 factor. First you have to deal with Fed laws, then State and then Local ordiances. The cost, paperwork, restrictions are DESTROYING us. I work in legal/compliance for a global corporation. Just getting any little thing done that should be route is extremely tough. Heck putting an expansion onto a building is costly, complex and over-burdensome. This is the #1 reason we are losing jobs.
(2) Unions:
Unions strong arm employers, force them into HORRENDOUS agreements, allow for ZERO flexibility in down economic times, force unsustainable pension plans down their throats and cry about everything when more is expected from them. Private unions have a place, but their power should be much much less than it is. The power of the corrupt Unions drives entire industries over seasons.
(3) Currency Manipulations:
Every candidate and President since Clinton discussed it, but neither Bush or Obama did anything. It's amazing they can get away with such a gangster move, but we let them.
(4) Taxation:
We have the LARGEST corporate tax rate in the world. Then we have a tax shelter policy that actually ENCOURAGES oversea outsourcing. Then personal income taxes, which effects our SUCCESSFULL small business owners through the flow through taxation system, are so complex (making accounting costly) and high, they drive small business owners also across the sea. Simplicity and less taxation is a solution.
How Many Jobs Have We Lost to China Since 2008? | Economy In Crisis
More than 662,000 U.S. Jobs Lost to China Since 2008.
Some alarming new data was released showing that 662,100 net U.S. jobs were lost between 2008 and 2011 due to our growing trade deficit with China.
This new data from the Economic Policy Institute (EPI) reports: Between 2001 and 2011, the trade deficit with China eliminated or displaced more than 2.7 million U.S. jobs, over 2.1 million of which (76.9 percent) were in manufacturing. These lost manufacturing jobs account for more than half of all U.S. manufacturing jobs lost or displaced between 2001 and 2011.
Click here for an interactive map showing the job loss data in each state and congressional district.
One of the principal reasons for this staggering job loss is Chinas undervalued currency.