So do you believe there should be a law , or at least some restrictions to prevent buisnesses from leaving ?

Question

Do you believe there should be a law to prevent businesses from going overseas ? Or maybe a law to prevent them from closing up shop in America ?

For example - A majority of Business are going to countries where the people are paid less then America's minimum wage . The only sad part is that business have no law { nowhere } that states they cannot leave the US . So a business can start in the US , use US loans and workforce and the minute they see a decline { like they can't afford a private jet } they pack up and move to another country . No one is stopping them because - There is NO law !

So do you believe there should be a law , or atleast restrictions ?

* Communications equipment lost 43% of its workforce.
* Semiconductors and electronic components lost 37% of its workforce.
* The workforce in computers and electronic products declined 30%.
* Electrical equipment and appliances lost 25% of its employees.
* The workforce in motor vehicles and parts declined 12%.
* Furniture and related products lost 17% of its jobs.
* Apparel manufacturers lost almost half of the work force.
* Employment in textile mills declined 43%.
* Paper and paper products lost one-fifth of its jobs.
* The work force in plastics and rubber products declined by 15%.
* Even manufacturers of beverages and tobacco products experienced a 7% shrinkage in jobs.
* The knowledge jobs that were supposed to take the place of lost manufacturing jobs in the globalized "new economy" never appeared.
* The information sector lost 17% of its jobs, with the telecommunications work force declining by 25%.
* Even wholesale and retail trade lost jobs.
*

* Despite massive new accounting burdens imposed by Sarbanes-Oxley, accounting and bookkeeping employment shrank by 4%.
* Computer systems design and related lost 9% of its jobs.
* Today, there are 209,000 fewer managerial and supervisory jobs than 5 years ago.

That written above is a progress report of buisness in America from 2000 to 2007

Answer 1

I think we should Identify the countries that are undermining there wages and charge them high import fees to discourage them from outsourcing.

Answer 2

No. We must all recognize that the U.S. will never by competitive on wages alone. As a country we must invest in the education of our labor pool . . . our education standards must exceed those of our competitors. We must think like Mercedes Benz . . . you can buy a less expensive car but you will never buy a better made or designed car. This is how we must think of our population. We must start immediately mandating second languages, high levels an intensive studies of science (including mathematics), and reward those amongst who surpass expectations with tax funded seed money for new enterprise. By having the tax payer fund new enterprise, we would be able to place limited restrictions on business . . . We must address what relevant enterprise is . . . and is not. Making t-shirts and assembling toys is not relevant enterprise . . . it is an outdated model of business that is better served in a country with a significant amount of the population living in poverty. Scientific research and innovation is the foundation of the modern corporation. The USA must foster (and pay) for the cultivation of innovation from it's individual citizens. If we don't someone else will and we will have lost our last remaining competitive edge.

Answer 3

I agree that there should be some sort of regulations but most companies look at how much it costs to make a product here compared to a different country and realize that they can save money. We live a global market now not just in one country. There needs to an international agreement on a minimum wage and working environment, but will never be agreed too and most countries would look at ways to work around any agreements.

Answer 4

Let me give you a personal observation...
One of my best friends was the leader in a certain industry (race car parts).
His business was located in a middle sized city in California and furnished jobs to about 150-200 workers!
he was forced to to close his California operations because the governmental bureaucracies(OSHA,ET AL) and restrictions not to mention very high taxes on everything he manufactured!!
The city,county,state and federal gladly accepted tax revenues but made it increasingly difficult to operate with all the restrictions ,that only government can manufacture!!
The only solution to his problem would be to shut his doors or move out of the country!!
So being a business man he had to go to Mexico...where they built him a factory,provided him the workers and eased restrictions where he could make a profit!!! yes profit!! Profit is the reason business's provide for the common good!
The bureaucracy of our government forced him into putting 200 people out of work!!
Think about this when you vote for candidates that want to tax you and business into oblivion

Answer 5

You can thank NAFTA and other trade agreements/treaties that our Republican government made- all of which benefit business and harms the American public. The government has everything to do with whether businesses import or export goods, services, and jobs- don't let anyone tell you otherwise.

Answer 6

I think if a business employs a certain percentage of the town or city it is located in it cannot move or leave, unless it finds jobs for most or all of its current employs. Similar to the housing laws about not being able to kick out tendants until they have housing.

Answer 7

The US government has no authority to stop a company from doing business in a foreign country. Also, if we apply import duties on them, their home countries will retaliate by taxing our exports. So what exactly are you proposing?

Answer 8

And then what? Capitalism can't stop on the border. And the USA invented capitalism with a big C. It's like the french revolution and then they couldn't wait to crown Napoleon to emperor. But that didn't work out ether. We can't have it both ways.

Answer 9

its the same in Britain an its unfair in most senses,i do understand from the company's point of view but so many lose out when they up sticks and leave .its sad an should be restricted

Answer 10

Yes, yes, yes!

Adding additional tariffs to imported manufactured goods to force their price up to that of domestically manufactured goods would not hurt either.