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The Water Cooler
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<blockquote data-quote="dutchwrangler" data-source="post: 1618337" data-attributes="member: 4650"><p>Yes and no. Although the manufacturing jobs move out, the goods come back to the US eventually. The dollars we pay for those cheaper goods then go overseas where they are worthless to the holder. The holder isn't going to sit on them so they either buy goods we do manufacture or they loan it to us. Incidently, the US still is the top manufacturer of the world producing roughly 20% of the global output. Government polices do get in the way. In my industry (trucking), government regulation and taxation can't be outsourced to other capital friendly countries. Those cost are added to shipping charges to the end consumer. I read recently where the Canadian government has reduced it's corporate tax rate to 15%. US companies that can are considering moving operations to there now. In that case a few trucking companies are in the position to move as they have Canadian subsideries up there to handle transborder trucking traffic.</p></blockquote><p></p>
[QUOTE="dutchwrangler, post: 1618337, member: 4650"] Yes and no. Although the manufacturing jobs move out, the goods come back to the US eventually. The dollars we pay for those cheaper goods then go overseas where they are worthless to the holder. The holder isn't going to sit on them so they either buy goods we do manufacture or they loan it to us. Incidently, the US still is the top manufacturer of the world producing roughly 20% of the global output. Government polices do get in the way. In my industry (trucking), government regulation and taxation can't be outsourced to other capital friendly countries. Those cost are added to shipping charges to the end consumer. I read recently where the Canadian government has reduced it's corporate tax rate to 15%. US companies that can are considering moving operations to there now. In that case a few trucking companies are in the position to move as they have Canadian subsideries up there to handle transborder trucking traffic. [/QUOTE]
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