Corporate Decisions

It is unfortunate that once again we have come across another article revealing the real reason why corporations ship American jobs overseas.  The difference in this story is how a German firm - Siemens - is opening a new manufacturing facility in North Carolina due to the declining wage structure in America.

We want to assure our readers that we encourage any company to open new plants in the USA.  The main reason why our country continues to struggle from the 2008 financial disaster is due to the trade agreements both political parties have entered our country into.  We have always stated the significant decline in wages and salaries that has occurred over the past few decades have resulted in a lower standard of living for the majority of Americans. 

According to Dean Garfield president and chief executive of the Information Technology Industry Council the reason why Siemens and other firms are investing in America is due to " ...acceleration in labor costs in other markets."  This trade group represents 50 of the worlds largest tech firms.  A more accurate way of describe his comments - " Now that America's wage structure has been pummeled by world trade agreements it is now time to reenter the American market and take advantage of America's legal structure, transportation system, communication networks, education system and Third World wages."

This is shameful to be polite.  It is important to realize that it is not the fault of foreign companies to take advantage of the current situation.  Ask yourself if you had a choice between building a new plant in America or Thailand which would you select?  Make America's wage structure equal to that of a worker in Thailand and the answer is obvious.

Another interesting quote in this article comes from Peter Coclanis Director of the Global Research Institute at University of N.C. at Chapel Hill.  Sanderson Farms is a chicken processing plant which is opening two plants in the eastern part of North Carolina.  Mr. Coclanis proudly proclaims that Sanderson Farm's made a good decision to locate in that part of the state because "  .....you can pay workers next to nothing."  Unbelievable.

Buy what your neighbor produces.  Folks it is the only way out of this mess.  

 http://www.washingtonpost.com/business/economy/siemens-plant-in-charlotte-offers-lessons-as-obama-romney-talk-job-creation/2012/09/04/f52304fa-f30c-11e1-adc6-87dfa8eff430_story.html