Stop Outsourcing Our Jobs
I was reading an article on MSN written by Jim Van Meerten and found it interesting. We all seem to be reading more and more these days trying to figure out our immediate and long-term future. We are paying special attention to the $700,000,000,000 “bailout” of numerous companies, and how they are and will apply these funds to “aid our economy.”
While many of us are seeking employment, job opportunities seem to have vanished. Why we may ask, because millions of our jobs are being “outsourced” to foreign nations, some by firms getting the bailout. This is totally and unequivocally wrong!
Now Wikipedia is not the “perfect source” but I found an article that said that 400,000 people work in outsourced jobs in India. The value of those outsourced jobs globally is valued at $120 billion to $150 billion dollars.
The Washington Post ran an article May 1 entitled “U.S. Legal Work Booms In India” and estimated that by 2010 there will be 24,000 Indian lawyers preparing legal documents for U.S. Law firms, with a total payroll of $640 million.
The Council of Foreign Relations claims that jobs are flowing out of our country at a rate of 12,000 to 15,000 per month and that figure does not include the 2 million manufacturing jobs that have gone offshore. Why send them “overseas, Americans are seeking jobs at any pay rate. We must stop the flow of jobs out of the U.S. now!
Now I am plagiarizing this, with the author’s permission… so here it is:
- Stop outsourcing U.S. jobs to other countries. All federal departments and federal agencies shall cease outsourcing governmental and agency jobs to foreign countries immediately and shall return all jobs back to the U.S. labor market within 24 months.
- Any U.S. company that receives any funds from a bailout package must certify that they have not outsourced more than 1,000 jobs to foreign markets. If they have, they will have to forgo any bonuses and stock options for any executive making more than $250,000 per year, and (my note), they should not be included in the bailout package.
- To encourage U.S. entrepreneurs to expand businesses, cut the depreciation schedule in half. In addition, if capital equipment was produced and manufactured in the U.S., let them expense it immediately in the year of acquisition.
- To stimulate the hiring of out-of-work U.S. citizens, give an immediate tax credit to any company that increases it’s month-over-month payroll. It does not matter if that increase is for raises, overtime, calling back a second or third shift that has been downsized, or hiring a new employee. If people get paychecks, they will spend and pump up the retail economy.
Let U.S. citizens go to work, not U.S. jobs being farmed out to other nations. This my friends will put billions of dollars back into our economy immediately!
What do you think? Email me at info@realestatephd.com