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Thread: GE moving X-ray business to China

  1. #311
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    Re: GE moving X-ray business to China

    Quote Originally Posted by drz-400 View Post
    Well, why don't you just explicitly tell me what your argument is? Its hilarious that you say that walmart takes away competition. How does walmart under-cut everyone else? Is it because they OUTCOMPETE them. You are arguing for competition by arguing against it. That makes absolutely no sense.
    Where Walmart comes, others go out of business.

    The giant retailer's low prices often come with a high cost. Wal-Mart's relentless pressure can crush the companies it does business with and force them to send jobs overseas. Are we shopping our way straight to the unemployment line?

    The Wal-Mart Effect | Charles Fishman

    Wal-Mart’s ability to sell goods more cheaply means that it represents a profound threat to the viability of other nearby retail establishments. There is no doubt that some of these newly out-competed establishments will be forced out of business when a new Wal-Mart opens its doors for business, and that others will be forced to downsize as their customer base declines. Particularly hard-hit competing businesses tend to be stores selling apparel, shoes, hardware, building supplies, paint and glass, groceries, fabric and jewelry. Additionally, establishments providing certain kinds of services – for example, optical services and car repairs – are also vulnerable.

    http://www.ag-econ.ncsu.edu/VIRTUAL_...T/novdec05.pdf

    Wal-Mart has taught us that the lower price is the correct price and we've lost track of quality in many categories as part of the equation of price.

    Understanding 'The Wal-Mart Effect' : NPR

    We found that a Wal-Mart store reduced the average earnings per retail worker in urban and suburban counties (counties that are part of Metropolitan Statistical Areas) for sectors it affects most—general merchandising and grocery. Accounting for job losses or gains only strengthened the finding, as total take-home pay fell even more than average earnings with Wal-Mart entry. In rural counties, the story was more nuanced, as Wal-Mart affected wages for workers in grocery and general merchandise differently. But after accounting for any impact on job gains or losses, total take-home pay remained stable. Since most retail workers (85%) and a majority of Wal-Mart store are in counties that are part of Metropolitan Statistical Areas, the net effect on overall pay was negative. Our research shows that Wal-Mart reduced take-home pay of retail workers by $4.7 billion dollars annually.

    http://laborcenter.berkeley.edu/retail/walmartwage.pdf

    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.

  2. #312
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    Re: GE moving X-ray business to China

    Quote Originally Posted by 1Perry View Post
    Nobody claimed that they all vacationed on the Riveria. Many of the things in the article are things the middle class didn't have even 25 year ago. It was pretty common to have only 1 television and you got your channels off an antenna.

    The position is that even the "poor" have it pretty good in this country.
    Which really means very little, which is my point. Sure, if I am going to be poor, I'd rather be in the US. And in the US, I rather be poor in the north. But, it is not something that should be downplayed. Poverty is still painful, and still a problem.

    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

    Quote Originally Posted by Boo Radley View Post
    All they really do is hope it will get better so they can take credit, and hope if it doesn't, they can blame the other party.
    LOL!

    what was the stimulus for?

    If you don't know this, I might suggest it isn't your strength either.
    why were all those companies leaving california, again?

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    Re: GE moving X-ray business to China

    Quote Originally Posted by Lord Tammerlain View Post
    Labour costs are the primary factor

    Effective tax rates in the US are lower then the majority of the OECD countries for both individuals and companies. Heck even labour costs are lower in the US then in Canada and northern Europe. What the US can not do is compete on labor with countries like China or India. Boston Sci is not going into China because taxes in China are so much lower then the US, regulations perhaps, but the primary factor is cheaper labour and a large Chinese market. A 2.3% excise tax that applies to all medical equipement sold in the US is not the factor. The desire to increase profits are, the same reason RIM is laying off a signficant number of workers
    Corporate tax rate are lower in Canada than the US and that has been to Canada's advantage. If Canada can continue to get away with it, so much the better.

    It could be argued that corporate taxes should be abolished altogether. That would eliminate "loopholes" and encourage more businesses, and thus more jobs. Companies will move, just as people will, and moaning about it, or setting up more barriers, is not going to do any good whatsoever.

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    Re: GE moving X-ray business to China

    Quote Originally Posted by The Prof View Post
    LOL!

    what was the stimulus for?



    why were all those companies leaving california, again?
    It is useless to answer you, but I will tell you one more time. It was a short term stop gab measure to keep things from gettig worse. Not a cure all. No one, no leader, democrat or republican can control the economy.

    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.

  6. #316
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    Re: GE moving X-ray business to China

    Quote Originally Posted by 1Perry View Post
    2.3% is a pretty good increase in profits. The point isn't that 2.3% is a huge factor. The point is, adding it on top of everything else can be the back breaker.
    The 2.3% is an excise tax the equivalent of a sales tax. Boston Sci will not pay it, the end user will and given the rate of inflation in the medical industry it would be barely noticed. If Boston Sci was the only medical device supplier paying the tax then I would agree with you. It is however a tax that will be applied to devices, just like a sales tax, sold. Since claim by some for Boston Sci to lay off people is the tax, why are other medical device companies not laying off people? Others should be in the same boat should they not, yet Boston Sci is the only one announcing layoff that I know off. Perhaps Boston Sci is somewhat bloated and has too much staff and the the excise tax is a good excuse to lean up a little
    Happy Hanukkah Cheerfull Kwanzaa
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    Re: GE moving X-ray business to China

    [QUOTE]
    Quote Originally Posted by Boo Radley View Post
    Where Walmart comes, others go out of business.
    You can continue to shop in places which charge you more, rather than seeking out bargains for yourself and your family. That's freedom of choice.

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    Re: GE moving X-ray business to China

    Quote Originally Posted by Boo Radley View Post
    It was a short term stop gab measure to keep things from gettig worse
    the 862 billion dollar stimulus was passed to KEEP THINGS FROM GETTING WORSE!

    LOL!

    it was a STOP GAB!

    except romer and bernstein promised 6.5% by now

    WHO could be so stupid as to try to sell a trillion dollar spending bill as an attempt to KEEP THINGS FROM GETTING WORSE!

    a one trillion dollar STOP GAB!

    too funny

    seeya at the polls, progressives
    Last edited by The Prof; 07-31-11 at 10:22 PM.

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    Re: GE moving X-ray business to China

    Quote Originally Posted by Grant View Post
    Corporate tax rate are lower in Canada than the US and that has been to Canada's advantage. If Canada can continue to get away with it, so much the better.

    It could be argued that corporate taxes should be abolished altogether. That would eliminate "loopholes" and encourage more businesses, and thus more jobs. Companies will move, just as people will, and moaning about it, or setting up more barriers, is not going to do any good whatsoever.
    Official tax rates yes, but what about effective tax rates?


    The US tax system has a large number of loopholes that help companies lower the effective tax rate. Other then smaller sized business ( up to about $40 million) I doubt any pay the official tax rate of 35% in the US. Would a simplification of the tax system in the US lowering the official tax rate, but increasing the effect one be an ideal situation, sute.

    Now as for the lower tax rate in Canada being a Canadian advantage, do you have any links that indicate business invested here in Canada and not the US due primarily to lower tax rates?
    Happy Hanukkah Cheerfull Kwanzaa
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    Re: GE moving X-ray business to China

    Quote Originally Posted by The Prof View Post
    the 862 billion dollar stimulus was passed to KEEP THINGS FROM GETTING WORSE!

    LOL!

    it was a STOP GAB!

    except romer and bernstein promised 6.5% by now

    WHO could be so stupid as to try to sell a trillion dollar spending bill as an attempt to KEEP THINGS FROM GETTING WORSE!

    a one trillion dollar STOP GAB!

    too funny

    seeya at the polls, progressives
    Really making fun of peoples post for grammer by the person with the most incomprehensibleb posts since Republic of Public left is rather rich
    Happy Hanukkah Cheerfull Kwanzaa
    Happy Christmas Merry New Year Festivus for the rest of us

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