Michael Eastham – Not the Time to Be Outsourcing

from Financial Survival Network

Michael Eastham returns… Trump made a campaign promise to improve job opportunities for the US worker. He has to address this head on. If BMW were building cars in their home country and shipping them to US, this wouldn’t be an issue; but when they are moving the jobs 20 miles south of the border just because of cheaper labor and shipping cars here, it clearly is a decision made to circumvent the process and doesn’t benefit US workers Maybe the way BMW should look at it is: US labor costs add 20% to the product, but by building in US, we save a 35% Border Tax, it’s a net 15% savings. Toyota vs Ford: both have US plants, but import parts from other countries.

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