How would you go about getting companies back in this country?

Question

Without giving tax breaks and able to compete with cheap labor?
Serious answers!!!

Answer 1

Good luck. Manufacturing has pretty much moved around the world following cheap labor. Try to find a pair of tennis shoes made in the USA

Answer 2

Simple as a stone. A system of labor parity. Match China's $1.00 an hr. to US Union wages. Figure out what an item would cost if China they paid US wages and slap an entry tax onto their imports. Then we could all compete on quality and effecency rather than the US competing against semi-slave labor. US firms would flock back to the good old USA...our wage-earners would be back to work with a decent paycheck every week and better products made in America would once again be for sale around the world. Wal-Mart doesn't exactly pass on the cheaper prices they pay for Chinese goods anyway....they say they do, but they don't. Basically the American worker, consumer and taxpayer has been screwed royal since all of these corporation friendly trade policies have been adopted. Let's manufacture and buy American again....it wouldn't hurt!

Answer 3

Yes: Tax cuts.
There is no reason to start or move a company for the sake of turning over earnings to a government.
We also need to change some of the labor laws.
Example:
Many moons ago, the US auto manufacturers saw the handwriting on the wall and would have to re-tool to compete with Japanese imports and comply with EPA regs.
They told the UAW to pick any hourly wage they wanted. They said: "We'll pay you whatever you want but, you have to come to work" and we'll pass the increased costs on to the consumer. We won't be able to do that when the Japanese models show up and you will lose your jobs.
The UAW refused.
They wanted increased pay for time-not-worked. (longer vacations, more sick leave, no medical co-pay, no discipline for tardy or no-call no-show, more holidays including May Day and Sinco De Mayo). They also demanded 'production wages' which caused continued building of vehicles that were not selling along with the devaluation of vehicles that were. Quality obviously suffered.
Rather than risk a strike, the Companies signed the bargaining agreement and immediately began building factories in Canada, Brazil, Mexico, Argentina et al and also purchased foreign auto makers that already had contracts in place.
In my business, most of the competitors have sold out to foreign companies that do not trade on exchanges in the US and are not held to the same standards nor reporting with regard to bargaining agreements.
Fix that and there will be a reason for companies to come back or new ones to start up.
There are already plenty of safe guards built into the Department of Labor.
Union bargaining agreements do not offer anything more. The contracts are designed for no other reason but to protect the job of the worst worker in the local. This is not fair to the employer nor the other workers in the local.
Good workers don't get fired, rather companies compete for them.

Answer 4

Most companies are still here. Small in nature of course. The large companies do business all over. They also have the size to outsource/off-shore more goods and services. Just so happens the biggest growth is outside of the US. That's where they go. The US can not cut itself off from world trade. We do not have all resources, oil for instance. We have to import much of what we use and if you start biting the hand that feeds you...get ready for severe consequences. China demonstrated that to us a week ago. This is now a global economy. No going back.

Answer 5

reduce taxes on American owned companies in America, while replacing the lost revenue with an import tariff. Bar companies that don't do at least 70% of their production in the United States from government contracts. But then again, I would probably get JFK'ed.

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Why would any company stay in the US and pay a compensation package worth $73/hour to an unskilled worker to place screw "A" into hole "B" (GM/UAW hourly workers)? Corporations have one reason and only one reason for existence: to turn a profit for their shareholders.>>

why would a company stay to pay minimum wage when they can get foreign labor to do it for $2 a day. I say you promote your logic by being the first person to demand your employer pay you $2 a day.

Answer 6

Eliminate corruption in the unions.

Reduce tax breaks for companies that move their plants overseas.

Improve education to create a more competent work force.

Answer 7

Work out an even trade agreement with other countries. We'll purchase from you but in turn, you purchase from us.

The problem would ensue with the ability to compete and keeping the unions over here from getting too greedy. That's what created so many damages in the past. Fair wages. No greed.

Answer 8

Use trade sanctions against nations that don't fairly evaluate their currencies. Like China. Use trade imbalance sanctions to those that abuse the relationship. Like China.

And punish and tax the living crap out of corporations that remove US jobs for cheaper labor abroad. It's costing us, the people, in tax revenue and other benefits.

Those corporations get to have their leadership in a nation that has no government death squads, not much political corruption and no ridiculous government intervention, and they profit from it. There should be penalties for that.

Answer 9

Very, very high taxes on imports. Make them more expensive than having the company in America. That is the only way.

Answer 10

GREAT QUESTION.

I think we should simply make a law. You want to have your "home base" in another country to avoid paying taxes? (like Halliburton did.)

THEN YOU GO LIVE THERE. You get NO government contract (like Halliburton STILL does). You get NO government subsidies or incentives (like Exxon and ALL big oil does).

Just make a law.

You cannot BE an American citizen and make your zillions of dollars off of cheap foreign labor.


Simple.