So, is it better that Toyota makes cars here with the profits going out? Or that GM makes cars in Mexico..?
I have been reading a little about the auto industry situation. I am trying to understand which is more harmful/helpful. Is it better(or more harmful) for the US economy that Toyota and others are providing jobs for workers even though the profits are going to Japan? Or is it better(or more harmful) that American auto manufacturers are outsourcing the jobs and the profits come back to the US? Just based on that it seems that the Toyota situation is actually more helpful. Anyone know more about this?
Asked By: Mikki - 7/10/2008
Best Answer - Chosen by Asker
Your logic is correct that America benefits more from the Toyota deal because many parts are manufactured in the states, taxes are paid here. jobs are created here, ancillary services are purchased here and surrounding businesses which cater to the employees benefit as well.
Answered By: googie - 7/10/2008
Additional Answers (1)
Not only what the above poster said, but GM's profits primarily go to wealthy stakeholders, or get retained and end up going in to more expanse, which has primarily been targeted in foreign countries. So in a way, when GM profits, its mostly ending up going to foreign markets any how. Additionally, when GM expands... More
Answered By: M O - 7/10/2008
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