American companies send jobs overseas to save money and get a tax credit. Is this right?
If you remember outsourcing was originally sold to America as a international development tool. If America employs people in Third World countries they will drive the economy and in turn those people will buy more american products. HA
The government supports these programs by giving Tax cedits to several companies. I was doing a little math I thought I would share with you.
If a person in Thailand is making $1.00 a day. Using basis standard that only 15% of our money goes into leisure he would be able to buy these products.
1 pair of jeans 200 days of work
1 bike 466 days of work
1 computer 3,330 days of work (hoping he has electricity)
1 car 53,330 days of work.
This will really help the US economy if and only if the products listed above are even had in America.
I do believe that it is good for American Ccompanies to invest in fireign countries but there needs to be rules.
First if we pay the people of these countries a real wage, I am not suggesting $20.00 per hour, double the local pay would be a start. Three things will happen.
1.) The people of these couintries may actually start to respect our presence and not think we are just using them.
2.) Money brings pride to people it also drives them to want more. They may even begin to help develop their countries into bustling democratcies. (not overnight)
3.) Maybe just Maybe they will be able to afford some American made products.
On another point of outsoursing of jobs. I wounder where the outcry of women is. 80% of the jobs being sent overseas were once done by women in America??
On a final thought for this subject today. Why doesn't the government give tax credits to companies that stay here.
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