Originally posted by FreakyKBH
For what seems like ever, the press--- and most notably the unionized and left-leaning press--- has been bemoaning the departure of jobs from America, with a specific denunciation of greedy capitalistic pigs.
The 'fat cats' have no concern for the American workers; their only loyalty is to their company's profits... and their own golden parachutes and/or ...[text shortened]... eir vigor, and thus their ability to keep American workers on the job!
What a crock of crap!
This supposed belief of Trump is at variance with his past practices:
Today, Donald J. Trump Collection shirts — as well as eyeglasses, perfume, cuff links and suits — are made in Bangladesh, China, Honduras and other low-wage countries.
Trump’s daughter Ivanka, a vice president at his company and frequent campaign surrogate, markets hundreds of additional products under her own line of jewelry and clothing. Many are made in China.
Here's a 2005 post from the President of Trump University entitled "Outsourcing Creates Jobs in the Long Run":
We hear terrible things about outsourcing jobs--how sending work outside of our companies is contributing to the demise of American businesses. But in this instance I have to take the unpopular stance that it is not always a terrible thing.
I understand that outsourcing means that employees lose jobs. Because work is often outsourced to other countries, it means Americans lose jobs. In other cases, nonunion employees get the work. Losing jobs is never a good thing, but we have to look at the bigger picture.
Last year, Nobel Prize-winning economist Dr. Lawrence R. Klein, the founder of Wharton Econometric Forecasting Associates, co-authored a study that showed how global outsourcing actually creates more jobs and increases wages, at least for IT workers. The study found that outsourcing helped companies be more competitive and more productive. That means they make more money, which means they funnel more into the economy, thereby, creating more jobs.
I know that doesn't make it any easier for people whose jobs have been outsourced overseas, but if a company's only means of survival is by farming jobs outside its walls, then sometimes it's a necessary step. The other option might be to close its doors for good.
If Trump is truly serious all he has to do is endorse Bernie Sanders' proposed legislation that:
would prevent companies sending jobs overseas from receiving federal contracts, tax breaks, or other financial assistance; claw back federal subsidies that outsourcing companies received over the past decade; impose a tax of either 35 percent of the company's profits or an amount that equals the money saved by moving jobs overseas, whichever is higher; and imposing stiff tariffs on executive bonuses like golden parachutes, stock options, and other gratuities.