It would seem that this would be obvious to almost everyone, but...
From TP:
A Washington Post/ABC News poll released this morning finds that 44 percent, a plurality, of Americans think the economy is getting worse, rather than staying the same or getting better. With unemployment hovering around 9.6 percent while economic inequality is at levels not seen since the Depression, many Americans feel as if the economy is leaving them behind.
The Wall Street Journal reports today that Corporate America certainly isn’t doing its part to help bring America out of its economic malaise. The paper surveyed employment data by some of the nation’s largest corporations — General Electric, Caterpillar, Microsoft, Wal-Mart, Chevron, Cisco, Intel, Stanley Works, Merck, United Technologies, and Oracle — and found that they cut their workforces by 2.9 million people over the last decade while hiring 2.4 million people overseas.
The paper notes that this is actually a sharp reversal from trends in the late 1990s, when these major companies were creating more jobs in the United States than overseas. Yet by 2001, things took a turn for the worse, and these corporations have been adding more jobs abroad than at home, as is illustrated here:
RE: Bbrooks630: While insourcing does provide local jobs and possibly some community re-investment funds for the locality that they're based in, if foreign companies receive the same types of tax breaks, abatements, concessions, etc. that US companies receive, they are paying little else. I'm not that well versed in international business, but wouldn't their corporate taxes, like American companies in foreign countries, go back home (notwithstanding the amazing (read: reprehensible) feats of financial dexterity that US companies perform in order NOT to pay a dime more in taxes than they can get away with...)? The mandates, regulations, extra costs, etc. that you allude to are all costs of doing business in a country that values the life, health and safety of it's citizens/workers and communities, and observes the rule of law, which is one of the things that makes it desirable to do business in and with America. I feel that your suggestions only suit those who are willing to see (or to hasten) the deterioration of our economy until we are in little better shape than the countries that our jobs are being outsourced to.
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