It's the method of bring those jobs back that is questionable.
What "substantial regulation cuts" is trump proposing? Do you think regulations exist merely to punish corporations?
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Donald Trump Tells Tim Cook He'll Offer Apple 'Very Large Tax Cut' to Make Products in America
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It's the method of bring those jobs back that is questionable.
What "substantial regulation cuts" is trump proposing? Do you think regulations exist merely to punish corporations?
The government isn't subsidizing anything. They are instead offering an incentive. There's a difference. If Apple were to set up manufacturing in the US, and hire American workers, each of those workers would be paying taxes and engaging in other economic activity that feeds money to the Treasury. Now add in all the suppliers that would be incentivized to support the new Apple plant (chemicals, robots, office support, caterers, etc..), and the Treasury gets a much bigger revenue receipt than whatever it lost in providing a tax incentive. Everyone benefits: Apple benefits, the government benefits, and the workers benefit.
I'm sure that China and other countries that Trump will alienate with importation taxes will be very happy to let US Manufactured iPhones enter their countries for free.
This may be true, though there is a lot to be said for construction, maintenance, security, etc. even if a plant is mostly automated.
I think it's more about the money than the jobs anyway.
I am thinking the regulations he is talking about cutting is EPA. And I say, wait a second on that. I don't want lead waste seeping into water systems, so Trump can beat his chest that iPhones are made in America by robots.
That disgraceful rate of 4.9%, you mean? As in, like, close to 10-year lows? The one that was halved under an Obama presidency? Is that the disgraceful unemployment rate you're talking about?
I guess American Workers won't be very happy if the "regulation cuts" mean unsafe working conditions, lots of overtime and reduced wages. I think this will be about robots - take tax cuts, bring money back and invest it in robotic manufacturing. I am not being sad or cynical - that's just the reality of things.
Obviously some jobs are better than no jobs. See previous post. Foxconn was 1.3 million strong in 2015. They will certainly automate as much as they can regardless, but you have to think beyond just the one company. They have many suppliers and once other companies begin to come back, they will be sourcing products and raw materials from the states as well. A company as big as Apple has a longggggg supply chain.
Yes, the rate that is effectively the definition of full employment (as you need a base level of liquidity).
Outrageous!
America had a lot of self-serving presidents. I remember Bush played a lot of golf before having 9/11. Clinton was having fun indoors. I liked Obama but didn't know what he accomplished that was good. He was well spoken.
Apple manufacturing iPhones in US? Not gonna happen.
Putting tariffs in China imports? Improvement for a few workers but will make stuff more expensive for EVERYONE. It's like benefiting 5k employees at Chevrolet but screwing millions who want to buy a car. And don't expect Chevrolet cars to be cheaper. History shows the contrary.
At least Trump is a business man and understands the best thing the government can do is get out of the way. Just lower taxes for EVERYONE, not for few.
Putting tariffs in China imports? Improvement for a few workers but will make stuff more expensive for EVERYONE. It's like benefiting 5k employees at Chevrolet but screwing millions who want to buy a car. And don't expect Chevrolet cars to be cheaper. History shows the contrary.
At least Trump is a business man and understands the best thing the government can do is get out of the way. Just lower taxes for EVERYONE, not for few.
And what if the government used that money to incentivize job creation by small businesses instead of Apple? All the benefits you described would still accrue but on a larger scale since small businesses already provide the highest percentage of new jobs in the economy. Why give the incentive to a $600B corporation that already has the most tax-advantaged status in our economy? (owing to its access to expensive tax legal services which allow it the smallest tax burden over smaller businesses which can't afford such services and thus pay the highest business income tax rates in the country).
The apprentice show always would have someone come to the board room. One or more would get fired. That was a great show. I could see Trump firing Cook if he was on that show.
Of course - why would she suggest something that is both impossible and stupidly short-sighted?
Sure, if you want your next iPhone to cost $2500 just so that a few thousand unskilled Americans can assemble phones in a factory all day...then yeah, I guess it is wonderful!
But I guarantee that won't even happen. Most likely scenario: Trump gets Congress to pass a bunch of corporate tax breaks for his "friends" and then the jobs never materialize anyway. And, when that inevitable day comes, somehow he'll find a way to blame it on someone else.
Exactly! Not sure why everyone wants them to bring back manufacturing given that most of it will be automated without human labor.
You silly fool. You still believe we live in a democracy
This might vary from country to country, but in many countries earnings related to receiving a stock bonus has to be declared as income.
The U.S. defeatist attitude really shows in this thread. I'm sure glad this generation didn't have to fight WWII.