Hillary Clinton on outsourcing: “It is an inevitability. There is no way to legislate against reality, so I think the outsourcing will continue.” Do you think it's possible to prevent outsourcing though policy changes?
It's possible but won't help the economy. We should be looking to the future of jobs, not the past
Is it possible? Of course. The real question is SHOULD it be done?
It's this thing called opportunity cost.
Sure, if you want to revert us back to the Third World.
Without a doubt
You can, but to what end? It hampers the economy and restricts freedom and free markets.
Reduce, maybe. Eliminate and still be a free country? Nope.
Outsourcing is so bad for the country. But at least we have the illegal aliens and immigrants to blame for stealing our jobs.
Possible yes. Good idea no. Btw I thought she was against American companies shipping jobs overseas, I'm surprised she said this.
It is possible to be against something that you cannot stop.
It's possibly to deny the laws of economics. She really doesn't get it.
You people voting for Hillary may not be getting what you think you're getting.
If one could not "legislate against reality" then why do we have legislation at all? That is one of the most stupid things I have ever heard of.
That's because you lack the ability to think abstractly.
I agree with her on outsourcing. I support low tariffs. But the TPP and similar deals override our sovereignty in exchange for a "corporatocracy"
Yes, outsourcing is inevitable in a globalized economy as businesses seek to reduce their costs. Outsourcing can be prevented in certain industries where America has a comparative advantage but we will never be able to bring back jobs in sectors like manufacturing, because the United States will never be able to match the lower labor costs in developing countries. That's okay though. The United States will still be able to specialize in other industries and we are still the world's largest economy where businesses would be foolish not to invest.
Yes I agree but I think we could use education to create a more technically qualified labor force for different tasks to create a different type of labor that's difficult to outsource. Still I admit I don't know what exactly that is.
If that were true companies like Shinola wouldn't exist.
You talking about these guys?
Skinner is spot on there. Clinton is right. You can't fight the tide here.
Yes, great company. Their philosophy leans to the liberal side so you should like them.
Yes I do, people will just have to either pay more, or get used to not having a new iPhone every year.
Not without undermining the American economy, no.
Yeah, easy. Make it cheaper to do business in America than to do business in a foreign country and just pay the import tax.
I'd love to hear your plans about how to make it cheaper to make clothes in the US instead of Bangladesh or Vietnam where workers are paid 30 cents an hour.
Easy, raise the IMPORT tax, decrease the taxes on businesses in the USA. Make their costs to import skyrocket, while our costs to produce domestically decline. With the rising prices of overseas made items, and the decreasing cost of domestic items, you'll start to see companies working in the US again and helping our economy thrive again.
If your plan is to arbitrarily raise taxes on imports so much that they become prohibitively expensive, you're not making it cheaper to do business here, you're just making everything else more expensive. That's means all goods cost more and people's purchasing power drops.
Meanwhile you're forcing businesses to mid allocate resources and constraining the free market for no reason at all. Protectionism doesn't rage wages or grow the economy. It does the opposite. Let the free market work and let American businesses make what they are comparatively better at instead of fighting a losing battle with Vietnamese labor standards.
This isn't an immediate switch. Since the change was done over time, the change most be done BACK over time. Sure it's more cost effective NOW to do business in Vietnam, but when you have to pay a slight rise in import tax that continues to rise, your business starts coming back. Tax any company who outsources to overseas (including call centers) at an increasing amount every year. Until Americans are gainfully employed again. This isn't rocket science it's economics. You're not creating jobs by sending them overseas where it's more cost effective to do business and import the results.
What? No. That's not at all how economics works. And don't tell me it's economics when not a single economist polled agrees with you:
Dozens of PhDs and not one thinks economics works the way you think it does.
And yet it does. If product X is made out of the US, then someone will make Product Y in the US when the prices go up due to import taxes. AMAZING.