Can the US government really do anything about companies moving jobs overseas?
We live in a free country, so how could the president really stop this? And why are the companies doing it? Is it because products can be manufactured cheaper in places like China? Even if that is the case, they're leaving millions of US employees jobless, right? So more and more people in our country won't be able to afford these products. Then aren't they shooting themselves in the foot? But back to my original question: What could the government do to stop this?
Asked By: Jen - 5/4/2008
Best Answer - Chosen by Asker
Tax policy is correct. If it is cost effective to send jobs overseas then it is the board of directors must do the right thing and send those jobs overseas. If they didn't they would be going on a crusade to save America at the cost of the stock holders and some other company would eventually undercut them. If we lived... More
Answered By: gewroo - 5/4/2008
Additional Answers (8)
its because of taxes and regulations that they move. Too much government involvement.
Answered By: I See Dumb People! - 5/4/2008
The same excuse for them moving (regulations and cost) is what can be used to prevent them from moving... More
Answered By: Cory - 5/4/2008
Change the tax code. Put in incentives for hiring Americans and disincentives for having work done overseas. Not complicated at all. Bill Clinton did it and jobs were gradually returning. GW Bush un-did it and the jobs when bye-bye again. Duh.
Answered By: kill_yr_television - 5/4/2008
They were the ones giving them the Defense Contracts, outsourcing our information like Microsoft did to places like Russia, India and China...That's Insane and does Nothing for National Security or Worker Security! The Clinton's robbed American Citizens of Work for Free Trade and Nafta/Gatt... More
Answered By: ShadowCat - 5/4/2008
Most companies don't move cause of taxes and regulation they move for the cheap labor and some well educated... More
Answered By: olin h - 5/4/2008
Free global economy works both ways. Western countries never bothered about ruining poor countries when they exploited their natural resources... More
Answered By: cyberdoc - 5/4/2008
Answered By: wild-man of Borneo - 5/4/2008
The government is the entity that enabled the job loss in the first place
Answered By: Razor Jim - 5/4/2008
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