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Thread: GE moving X-ray business to China

  1. #231
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    Re: GE moving X-ray business to China

    Quote Originally Posted by donsutherland1 View Post
    Absolutely. A business environment is more than just about narrow dimensions of tax and regulatory policy. Access to skilled workers, comparative national advantages, competitive clusters, structural market conditions, etc., all are important. The U.S. is producing relatively fewer science/engineering graduates than its overseas competitors. U.S. educational attainment has flatlined even as it is growing in various OECD countries. In an increasingly knowledge-intensive global economy, such an outcome poses a significant threat to U.S. competitiveness. In addition, long-term, U.S. macroeconomic growth prospects, including domestic demand conditions, have worsened. For some companies, it makes more competitive sense to relocate parts of their operations abroad. Failure to do so could undermine their own comeptitiveness down the road. Barring fundamental reforms that address U.S. weaknesses and threats facing the U.S., including its erosion of competitiveness in some sectors, such stories could become more commonplace, especially as capital flows shift to more attractive economies (raising the cost of capital/eroding economic profits).
    Now the question should be asked, why is our educational system so broken? Why are our tax laws hostile to businesses? Businesses are like electricity and water, seeking the path of least resistance. We are a capitalist nation, and yet we seek to control the very philosophy that has brought prosperity to more people is less time than any other approach in human history. Who denies that the American Way has done more (directly and indirectly) to bring prosperity to other countries, than anyone else?
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
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    Re: GE moving X-ray business to China

    Quote Originally Posted by American View Post
    Now the question should be asked, why is our educational system so broken?
    Many reasons including but not limited to inefficient resource utilization, misaligned compensation/retention incentives, lack of focus, lack of a robust framework for assessing outcomes/intervening early when problems are emerging, etc. Factors beyond the schools also play a role e.g., today students spend fewer hours studying outside the classroom than they do in the classroom. In the past in the U.S. and in OECD countries where educational attainment is improving, students spend more time studying outside the classroom than in the classroom (sometimes by 2:1 or greater ratio).

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    Re: GE moving X-ray business to China

    "Why are our tax laws hostile to businesses?"

    Our tax laws aren't hostile to businesses. We have the second lowest effective corporate tax rate in the industrialized world.

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    Re: GE moving X-ray business to China

    Quote Originally Posted by AdamT View Post
    "Why are our tax laws hostile to businesses?"

    Our tax laws aren't hostile to businesses. We have the second lowest effective corporate tax rate in the industrialized world.
    And certainly lower personal income taxes of any major economy
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    Re: GE moving X-ray business to China

    Quote Originally Posted by 1Perry View Post
    Poor choices?
    Not really. Just easier. I've been there and I know. The pennis I could save would never change anything. But, that sales person could find a way to swing this one time purchase. Not high quality, actually crap, and sometimes I could get a lump sum, that would be lost sooner or later, but the choices were slow, long term, and likely something would come up to blow it all to hell anyway. Not to mention, there are damn few role models to show you how. I was lucky, and had a lot of help. Most don't.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: GE moving X-ray business to China

    man, you just don't know, it's tough, i aint even got running water

    can you hear me now?

    LOL!

    anyway, send me an email, gotta go, the cable man's installing this morning

    choices? not really, it's just easier

    the pennies i'd save can't change nothin...

    hey, dude, it's all a matter of VALUES

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    Re: GE moving X-ray business to China

    Quote Originally Posted by Boo Radley View Post
    Not really. Just easier. I've been there and I know. The pennis I could save would never change anything. But, that sales person could find a way to swing this one time purchase. Not high quality, actually crap, and sometimes I could get a lump sum, that would be lost sooner or later, but the choices were slow, long term, and likely something would come up to blow it all to hell anyway. Not to mention, there are damn few role models to show you how. I was lucky, and had a lot of help. Most don't.
    I don't see where you rebut my poor choice arguement. You say that some have poor role models. I wouldn't disagree but that doesn't mean they didn't make a poor choice.

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    Re: GE moving X-ray business to China

    Quote Originally Posted by Boo Radley View Post
    I can take you places where it isn't there. Lived a year in such a place.

    But no, I'm trying to get you to see something. You insist that one time purchases, that can be had in a number of varying ways, means we're not worse off today. That simply isn't the case, so I point to clear examples of people having these things you mention, but who are not doing well. It is to address only your contention that having these things means they are not worse off.
    So you think we should pay more money for the same things because.... why? A small minority of those in America in extreme poverty apparently choose discretionary items before tap water??

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    Re: GE moving X-ray business to China

    Boston Scientific Corp. said yesterday that it plans to eliminate 1,200 to 1,400 jobs worldwide during the next 2 1/2 years to free money for new investments, the Natick medical device maker’s second major round of cuts since last year.

    Yesterday’s move, a day after Boston Scientific disclosed it was investing $150 million and hiring 1,000 people in China, raised fears that the company will gradually shift more work to foreign sites with less government oversight and lower costs than the United States.

    Boston Scientific to lay off 1,200-plus - The Boston Globe

    A large swath of the business community opposed the changes, arguing the legislation was too broad and had too many taxes. "This will make us one of the highest-taxed regions in the world, and that's going to have an impact on the appetite for people to invest in medical innovation," said Bill Hawkins, chief executive of Medtronic Inc., which makes medical devices. He said his company could cut at least 1,000 jobs to absorb a new 2.3% excise tax on medical-device makers.

    Landmark Health Bill Goes to Obama's Desk - WSJ.com

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    Re: GE moving X-ray business to China

    Quote Originally Posted by 1Perry View Post
    I don't see where you rebut my poor choice arguement. You say that some have poor role models. I wouldn't disagree but that doesn't mean they didn't make a poor choice.
    I didn't think that was the only thing I said. I think I said in some cases there really isn't a good choice, and other times it really isn't about choice, and then added the role model as part of it all. I could have mentioned the entire study on the pyschology of the poor as well, but I didn't want to go looking for links.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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