Quote:
Originally Posted by striperman36
Most large corps are showing significant growth outside of the US, the growing middle class in India, China, Far East, not the US is causing significant shift if resources employed by these corporations to be OUTSIDE of the US.
We are the second or third market for most the Fortune 100.
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yes, growth where there are favorable business climates and costs are more certain...
June 3 2010 (Bloomberg) — Microsoft Corp. Chief Executive Officer Steven Ballmer said the world’s largest software company would move some employees offshore if Congress enacts President Barack Obama’s plans to impose higher taxes on U.S. companies’ foreign profits.
“It makes U.S. jobs more expensive,” Ballmer said in an interview. “
We’re better off taking lots of people and moving them out of the U.S. as opposed to keeping them inside the U.S.”
I know...he's not a "REAL" executive like the one's that Spence talks to every day...but, he has a little experience....
those middle classes are "growing" because US large corps are shifting there and investing because the business climate is better and "cheaper", not simply because the customer is there and our corporations are chasing them as Spence stated...
"A lot of those manufacturing and white collar jobs aren't being shipped to China because it's cheaper...it's just that's now where the customer is." -Spence
we(US corps) are creating and have been creating the growing middle class overseas through investment with jobs that are better paying than what would otherwise be there...it's just a better option for these corps but they are focusing there for many of the same reasons that small business here is lagging in job creation...and that is a crappy business climate here
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