It is one thing to trade goods from one country to another, but it is an entirely different thing, when those that are biggest and most influential corporations, make it their point, as much as possible, to outsource employment that could be conducted domestically, to overseas’ facilities. It almost goes without saying, that the labor cost, in America, is going to be appreciably higher than such labor cost so represents in virtually all developing nations, of which, because corporations are always interested in making a greater profit, as well as the fact that they compete, we find that such a savings in labor is going to be a pretty straightforward decision by a lot of these corporations, especially when there are no or little governmental or taxation restraints in doing this.
The fact that cheaper labor is used overseas by these corporations, is thereby completely unsurprising; what is surprising, though, is that to a very great extent, those in charge of the governance of this nation, apparently don’t care to do much of anything meaningful to protect and to ameliorate domestic jobs so lost to foreign labor. There are, after all, many avenues that the government can avail itself of in order to be of assistance to domestic labor, both directly and indirectly; of which, for instance, foreign labor so utilized, should have as a matter of course, some sort of tariff or tax associated to that labor, of which the purpose of that tariff or tax would be to be of assistance to those now domestically unemployed or those so employed but now at a reduction in their wages or hours. Further, the higher the percentage of foreign labor so utilized by corporations, the corresponding higher percentage their corporate tax rate should be. The bottom line is that in one form or another, the government needs to appropriately taxed these corporations so as to reclaim a portion of profits so made upon the backs of cheap foreign laborers, at the expense of domestic labor. If this is not done, then we see what is currently so occurring, which is, the ever more concentration of capital into ever fewer hands, thereby leaving good citizens of this country, with less and less.
While corporations can decry that they need cheap foreign labor in order to compete; these very same corporations have a responsibility to do right by their fellow countrymen. Additionally, that government of, for, and by the people needs to do far more to subsidize or to reconfigure its tax system so as to support and to aid those companies that make it a point to hire domestically, and correspondingly to tax at a much higher rate those that behave in a manner, that outsources domestic employment, as their go-to preference.
In consideration, that the price of labor in developing nations is often appreciably cheaper than in the United States, corporations are obviously going to gravitate to that lower cost, so as to remain both competitive and more profitable. Yet, when those corporations are not held accountable to their obligation to take care of their own, first; then they have a done a grand disservice to their fellow citizens. In order to help level, the playing field, appropriate taxation as well as subsidies, as necessary, need to be implemented by the government, or else, this country will become one of ever greater disparity in its wealth.