View Poll Results: Suggestion on gaining more manufacturing plants within the US a good idea?

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Thread: Manufacturing jobs - Read post before voting!

  1. #21
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    Re: Manufacturing jobs - Read post before voting!

    Quote Originally Posted by RightinNYC View Post
    Why exactly are we trying to create artificial incentives to keep manufacturing in the US?

    Personally, I'd rather have our menial manufacturing done overseas.
    What is an "artificial incentive" and what makes it "artificial"?

    I take it by your cavalier comment that you do not work in a "menial manufacturing" job?
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    Re: Manufacturing jobs - Read post before voting!

    Quote Originally Posted by MaggieD View Post
    Haymarket!!!!!!!!!!!!

    We agree!!!!!!!!!!!!!
    Of course we do Maggie. Great minds think alike.
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    Re: Manufacturing jobs - Read post before voting!

    Just make it cheaper for companies to operate and produce stuff here. That will bring jobs back to America and keep consumer costs down.

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    Re: Manufacturing jobs - Read post before voting!

    Quote Originally Posted by cpgrad08 View Post
    Just make it cheaper for companies to operate and produce stuff here. That will bring jobs back to America and keep consumer costs down.
    Do you really want to win a race to the bottom?
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    Re: Manufacturing jobs - Read post before voting!

    Quote Originally Posted by haymarket View Post
    Do you really want to win a race to the bottom?
    Am suggesting lowering regulations, and lowering Corprate taxes.

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    Re: Manufacturing jobs - Read post before voting!

    Quote Originally Posted by cpgrad08 View Post
    Am suggesting lowering regulations, and lowering Corprate taxes.
    I don't think anyone wants unnecessary regulations. With some companies paying nothing now it would be hard to lower that tax burden on them.

    I think this proposal is a good step in the right direction.
    Last edited by haymarket; 01-24-11 at 09:32 AM.
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    Re: Manufacturing jobs - Read post before voting!

    Quote Originally Posted by haymarket View Post
    I don't think anyone wants unnecessary regulations. With some companies paying nothing now it would be hard to lower that tax burden on them.

    I think this proposal is a good step in the right direction.
    What companies would that be? America has the second hightest Corprate tax rate behind Japan.

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    Re: Manufacturing jobs - Read post before voting!

    Great idea, and it makes perfect sense. Tax payers should not pay the bill and get nothing in return.

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    Re: Manufacturing jobs - Read post before voting!

    I'm not sure any of this is necessary. China has been cheating its way to prosperity on the backs of its people through inflationary principles. They play with the valuation of their currency to keep the upper hand in exports. However, inflation is skyrocketing in China, so they won't be able to maintain this forever. The chickens will come home to roost one way or another. You can't cheat the system forever. Once the prices of their goods start going back up, manufacturing will return.
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    Re: Manufacturing jobs - Read post before voting!

    Quote Originally Posted by Kal'Stang View Post
    Need your opinion on this idea. Hopefully it would bring more manufacturing jobs back into the US.

    It is well known that the federal government gives subsidies and grants to corporations for researching various forms of technology. Then once those corporations discover something useful it is often sent across the border or over seas to manufacturing plants to produce en masse. (not saying all of em do...just a good majority). So here is my proposal.

    Make a law/rule/regulation...whatever you want to call it...that states that any corporation or organization that uses any form of government assistence would be required to manufacture any and all types of products that was discovered with said assistance inside US borders for X amount of years. (at least 20 imo)

    So what do you think? Feel free to give suggestions that would expand on this idea.
    I dislike the idea for a couple reasons.

    Let's start out with the more general question: Why should we be encouraging manufacturing jobs to stay in the United States in the first place? Is there something specific about manufacturing you think we need to protect, or do you just dislike ANY jobs leaving the country? Manufacturing goes overseas because it is more profitable to do it overseas. It's just not something the US has a competitive advantage at doing. Our competitive advantage lies in other things - great IT, great emerging technologies, great business practices, great universities, etc. There is no need to specifically protect manufacturing jobs. If, on the other hand, we're talking about protecting jobs in general, there are far easier ways to do it than this. I'm not sure this would even achieve the desired goal of higher employment.

    Now, onto the more specific question, about government subsidies for R&D and protecting those developments. I think we need to examine why the government subsidizes R&D for certain technologies in the first place, and just eliminate it if there isn't a good reason. If it's outright corporate welfare, then we would be better off just ending the subsidies instead of implementing a complex regulatory framework to protect the innovations. On the other hand, if there is some compelling public interest in developing certain technologies, then it really shouldn't matter where they are manufactured, as long as Americans have access to them. In either case, I'd be against a mandate to keep them in country.

    Furthermore, I think the idea is unenforceable. Would they be required to manufacture ALL of the product in the US, or just the product that they were selling to Americans? What if they also received R&D subsidies from a foreign government? What constitutes "government assistance" to develop the product - I'm sure the definition of that would be litigated to death by every company that it affected. What's to stop a competitor from manufacturing the product elsewhere, thus eating into the creator's profits because they can't compete on a level playing field?

    Generally speaking, most people benefit from free trade, not protectionism. If the government is funding R&D for no compelling reason, it should simply stop. And if it has a good reason, then it should celebrate the fact that the product might be manufactured elsewhere under cheaper conditions, thus increasing its availability.
    Last edited by Kandahar; 01-24-11 at 11:28 AM.
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