Corporations pushing for job-creation tax breaks shield U.S.-vs.-abroad hiring data
The Washington Post points us to a thought that needs to be included in public debate. (h/t Stormy)
Corporations pushing for job-creation tax breaks shield U.S.-vs.-abroad hiring data
Some of the country’s best-known multinational corporations closely guard a number they don’t want anyone to know: the breakdown between their jobs here and abroad.
So secretive are these companies that they hand the figure over to government statisticians on the condition that officials will release only an aggregate number. The latest data show that multinationals cut 2.9 million jobs in the United States and added 2.4 million overseas between 2000 and 2009.
Some of the same companies that do not report their jobs breakdown, including Apple and Pfizer, are pushing lawmakers to cut their tax bills in the name of job creation in the United States.
Apple, by the way, is at the top or close to the top, in recent profits. GE has deceased its per centage of US workers from 54% to 46% in the last decade. Few contenders in the presidentail elections or Congressional elections make this notion a part of their campaigns. The debate in regular media usually stops at words like ‘protectionism’. The next time you read about tax cut money flowing to create jobs, hold in mind global trade demands that companies actually respond to, and do not think US jobs are a priority. The rhetoric merely implies a vague ideal…not company policies.
Perhaps multi-national companies need to be lean and mean to thrive, and raising the overall living standards of the world has trememdous benefits for people in general, and of course some problems that go with it. Just don’t think that election political rhetoric has US public benefit in mind overall as a priority high on the list.
Fidelity is cutting jobs in Boston having just built an new center in India. The govenor is not happy in Mass. In RI Fidelity has 300 acres for free if they keep enough jobs at their campus in Smithfield, RI. Cut’s are happening in Smithfield and people being send there from Boston.
State took the 300 acres plus another 100 (including my mon’s land) via eminent domain to give to private industry.
“Just don’t think that election political rhetoric has US public benefit in mind overall as a priority high on the list. “
But why would anyone think that? Every adult knows that political rhetoric has one aim in mind only. The get the rhetorician elected.
End of.
tim
unfortunately there are not very many adults in the US… unless you mean “adult” as in adult book store.
to be fair to the people. there isn’t much point in their being adult as there is nothing they can do about it anyway. even I vote, and I know better.
Dan’l
that makes me mad.
i think it’s time for a protective tariff. these are not Smoot-Hawley days.
Coberly is quite right on this point. I have to continuously remind readers that average intelligence should be thought of as follows:
By definition the average IQ is 100-110 with three standard deviations above and below the mean. That puts 50% of the population below 100 IQ. An imbecile with no education could probably score 100 if they had watched TV, pre-Fox News and reality TV. That’s one heck of a great deal of stupidity and susceptibility to propaganda.
In a nut shell the average American believes what they are told to believe if they are told by someone they admire. Rick Perry is very popular, mostly because he wears cowboy boots and talks about carrying a concealed weapon. Donald Trump is very popular, mostly because he is a brilliant self promoter. Obama is still popular, but with a smaller percentage of the people and they are relatively more intelligent and so less subject to coercive BS. So look who’s influencing the average American.
Jack,
“… and they are relatively more intelligent and so less subject to coercive BS. “
I would argue you are wrong. There are a lot of people who aren’t stupid and are willing to support him because they might feel (and I feel they are wrong) that having him in office from 2013 to 2016 would be better for the country than his likely alternative but I’m not sure he is popular with those who feel that way.
let me agree with you by way of disagreeing with you. Obama has taught us the danger of voting for the lesser weevil. he has done more harm to SS than McCain could have done.
as for intelligence, i am sure geithner and his ilk qualify as intelligent by the usual use of that word… nevertheless they are dumb, dumb, dumb.
recently one of our favorite economists – pundits protested that he was not a politician but a “harvard professor”. he seemed to like the sound of that “harvard professor.” but i need to remind folks that harvard professor was what B.F.Skinner was. read his Walden Two if you can stomach it, or Beyond Freedom and Dignity, and you might get a flavor of what “intelligence” looks like among Harvard professors… and you might even note that the politics is just about the same even though Skinner was “beyond freedom” and our current boys are just all over in favor of pfreedom… for the rich and powerful.
n.b. i am not in principle anti-rich. i am in principle against allowing the rich unlimited freedom to exercise their power. in this regard it is worth noting that Skinner was “against freedom” because he thought harvard professors ought to be allowed to “condition” the behavior of the masses.
coberly,
Your trying to get to the words: “Credentialed not educated”. These guys have great credentials but no smarts…I used to be impressed by a Harvard degree. Read Matt Yglesious for awhile and you’ll lose that bias in short order.
Islam will change
Excuse me Mike, but your reply to that brief part of my comment does not contradict that brief part. That is we are saying much the same thing. Obama has on average a relatively more intelligent group of supporters. I don’t suggest that all those supporters are big fans of Big O, but as you point out they see him as the better, by a long mile, of several less than great choices.
It’s the bulk of the voters that we have to worry about because of their susceptibility to BS and their racist attitudes. Unfortunately Obama hasn’t given us a lot to work with in his support. Voters seem to admire a real dirt bag so long as its their dirt bag and he or she has managed to escape full disclosure of a lack of bona fide credentials. Ricky Boy is a good example. Michelle is even more so, but they are both good christian fundamentalists (at least in the public eye) and they talk tough even if asinine (and that’s where the average IQ or lack thereof comes into play).
“he has done more harm to SS than McCain could have done.” I don’t believe that for an instant, and I’m definitely not too happy with Obama at this point. Had McCain won, and the 2010 elections gone the way, we’d have a Republican President (and not the brightest one) and a Republican House. And a President with a strong relationship with many of the high ranking Democratic Senators. One who supported private accounts for SS, and who was against any new taxes.
bat
you may be right. but the nixon goes to china effect counts for something. McCain might have had the noisy opposition of democrats who felt it was in their interest to oppose him. with Obambi the dems aren’t sure where their political advantage lies. and lies is the operative word.
oh, jack
to be sure. but the high iq types who work for obama, much less those who support him, are not thinking clearly in the latter case, or honestly in the former case.
i tend to agree (i think) with jefferson, who thought that in the long run, ignorant voters voting their own perceived interest were better for democracy than the educated elite voting for the latest intellectual fad.
i’m sorry. mostly i agree with you… and Robespierre… and i really think the poor deluded Republican voter today is a Tragedy of first proportions, but I have no respect whatsoever for the educated elite at this time either.
“…the danger of voting for the lesser weevil…”
I guess it depends on the field of available weevils. Currently, I’d rather leap out a window (< 3 stories) than vote Republican, not because of the greater or lesser qualities of the individual candidate, but because the party has been captured by malign lunatics. Democrats, though they've been shoved through the Overton window, still sport candidates and members who absolutely uphold policies I share, and who voice them clearly. Some have even been able to enact legislation I believe necessary for the common good. Certainly they have been hampered by their loony co-legislators, perhaps they have even voiced policies they had no intention of enacting, but in the face of a loon invasion I will take what I can get. Noni
“…the danger of voting for the lesser weevil…”
I guess it depends on the field of available weevils. Currently, I’d rather leap out a window (< 3 stories) than vote Republican, not because of the greater or lesser qualities of the individual candidate, but because the party has been captured by malign lunatics. Democrats, though they've been shoved through the Overton window, still sport candidates and members who absolutely uphold policies I share, and who voice them clearly. Some have even been able to enact legislation I believe necessary for the common good. Certainly they have been hampered by their loony co-legislators, perhaps they have even voiced policies they had no intention of enacting, but in the face of a loon invasion I will take what I can get. Noni
“…the danger of voting for the lesser weevil…”
I guess it depends on the field of available weevils. Currently, I’d rather leap out a window (< 3 stories) than vote Republican, not because of the greater or lesser qualities of the individual candidate, but because the party has been captured by malign lunatics. Democrats, though they've been shoved through the Overton window, still sport candidates and members who absolutely uphold policies I share, and who voice them clearly. Some have even been able to enact legislation I believe necessary for the common good. Certainly they have been hampered by their loony co-legislators, perhaps they have even voiced policies they had no intention of enacting, but in the face of a loon invasion I will take what I can get. Noni
Noni
that’s what i have done my whole voting life. Obama has just made it impossible for me to continue to fool myself in that way. Also I have had sufficient dealings with my local Democrats to have lost all respect for them. Their leaders are in on the scam, and the rank and file…. i mean the actual party workers, not just the voters…. don’t know what they are doing or why, just as long as they are supporting “the democrat.” Not a whole lot different from the Republicans, except they tend to be nicer people in the broad social sense of things. R’s tend to be nicer to their actual neighbors and strangers who look like them.
Intelligence aside, can any one name one economist from AngryBear’s sister blogs that has made serious and extensive note of outsourcing?
Let me put a nice spin on it for you. A strong dollar means that companies can make things cheaply elsewhere and selling them for a hefty price here. Has anyone ever challenged Kudlow his insistence for a strong dollar? And I mean ANY of his commentators….all quite bright I am sure.
As for Obama, has he made any serious connections here? Really. A pox on all your houses.
We are watching the raping of America and no one gives a damn.
While talking about Obama, he is well aware that the proposed free trade agreements with Panama, Colombia, et al…will cost America jobs?
And how does he differ from the Republicans? He was to help the displaced workers find new jobs. Too bloody funny. What a joke. The Republicans at least have the honesty to say that it is a senseless waste of money.
Jack
How do you arrive at the conclusion that Obama has on average a relatively more intelligent group of supporters? The average black man has an IQ of 85. A recent gallop poll shows that 85 percent of blacks support Obama. The average Latino has an IQ of 89 and according to gallop 54 percent of Latino’s support Obama. The Average White has an IQ of 100, and acording a recent Pew research poll only 37 percent of whites support Obama.
According to my information Obama does well with the stupid voters, but has trouble with smart voters.
How do we arrive at the exact opposite conclusion? Do you just want to call every body racist and stupid for opposing your boy in order to silence debate or do you really believe what you say?
Lets look at the smartest of the US population. Ashkenazi Jews have an average IQ of 113. According to Ed Koch Jews should all vote for the Republican in the congressional race to take Wieners seat. Not because a republican would be better for America, but because a Republican would be better for Isreal. So when 60 percent of Jews support Obama, it is impossible to allay perception that Jews are more concerned about Isreal then the US.