We have discussed Obama’s plan to bring manufacturing jobs from China back to the United States: Please see [我爱我家] 听了奥巴马在国会做的国情咨文, 我决定了不投他的票。
Here is the news I just read:
Obama's insourcing jobs plan faces an uphill battle
· Politicians can try to legislate business but they can't, the law of economics is what rules in the end.
· Even if Obama did provide tax incentives to employers to bring back jobs, the incentives would likely not be big enough to offset the savings companies now get from low-cost labor in places like China and India.
· The end of the outsourcing game will come when the standard of living goes up in India and China, and wages continue to decline in the United States, to the point where it makes economic sense for employers to again employ American worker. Still another 20 years before that happens.
