Quote:
Originally Posted by tony286
I dont think it was anti business policies that made them invest overseas. I think it was laws relaxing goods had to be made here, import tariffs that are very light. Also wall st wanting bigger and bigger profits every quarter and bigger and bigger ceo pay packages. The only way to do that it is go where there are no regs and the people are pretty much slave labor. I watched a doc on the garment industry in NYC at one time over 250k people were employed in that area in nyc.They kept relaxing the trade laws. less and less goods were made here til there are almost none.
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To create a factory in California I have to do a several year study on the land it will sit on costing me tens of millions. Then to make that factory I have to spend 100's of millions on labor alone. I haven't even retrofitted it yet. Then to make the product I must pay 100's of millions in pay, retirement benefits and medical benefits. Every year!
To make the same factory in Asia I have to graft somebody $5 million. That guy is now a millionaire. Yippee! Then I pay slave labor rates to have the thing built for $15 million. Then I retrofit it with counterfeit machinery for pennies on the dollar. Then, to make the products I pay $15 million a year with no retirement or medical to worry about.
Total savings minus the $100 million I have to pay in import duties? $0 dollars!
Total savings not having to pay taxes to the USA? $400 million...
And now you know why the iPod, iPhone and iPad are not made in the USA.