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Post by choosefoster on Aug 2, 2010 0:58:39 GMT -6
Regulate SOMEWHAT, just don't kill the golden goose, or at least don't force the golden goose to leave, such as the current situation.
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Post by loupgarou on Dec 22, 2010 22:59:32 GMT -6
Well, golden geese have been flying south and east for years. Nothing new about that. Companies fly to places where labor is cheapest and where regulation and troublesome concepts like worker's compensation, time and a half wages, unionization, and lawsuits are least heard of. So, American companies went across the border where Mexican labor was cheap, then when Mexican wages got too high they fled to Honduras and El Salvador. Next step is some place in Africa.
This is an international trend. Japan used to be known for shipbuilding. Then it was Korea where costs were less. And so on.
Yes, I agree that onerous taxes and regulation can provoke flight, but I don't think that applies now. When the highest marginal tax rate reaches 50%, then we may have a problem.
I do think we can and should penalize U.S. companies that move part or all of their operations abroad. Tax policy and so on.
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