SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : John EDWARDS for President
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Ann Corrigan who wrote (741)2/25/2004 2:41:07 PM
From: JakeStraw  Read Replies (1) of 1381
 
Consider what would happen if Congress restricted companies from shifting jobs overseas. Because rivals in Europe, Japan and Korea could employ cheaper workers in developing nations, they'd have a leg up on US firms. Foreign investors would recognize that rising protectionism makes US companies less competitive and would choose to take their yen and euros elsewhere, driving down the US stock market, shrinking available capital, and eventually leading to more unemployment than if Congress had done nothing.

It is true that America has lost jobs in the last three years, and the technology sector has been harder-hit than many others. But the job loss has not been as huge as some politicians and news reports would have you believe. America's unemployment rate currently is around 5.7 percent, not especially high by historical standards, and among the lowest in the world. It's certainly the envy of France (9.3 percent), Germany (9 percent), and Canada (6.8 percent).
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News