- Aug 4, 2009
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The 5 Easiest and 5 Most Difficult Promises for Donald Trump to Keep
Prevent American companies from moving jobs to other countries.
Companies move to other countries to pursue higher profits, and Mr. Trump cannot force them to stay. The question is whether he can make it profitable to do so. It is difficult because labor is much cheaper in other countries. Carrier pays workers at its Indiana factory an average hourly wage of $23 — roughly four times what it plans to pay workers with the same jobs in Mexico.
Mr. Trump has promised tax cuts and regulatory relief, but those are minor expenses for most companies, particularly in comparison to their payrolls. Mr. Trump also has threatened to impose new taxes on imports, but he cannot target particular companies. Any such tariffs would have to be broad — and therefore broadly painful.
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Prevent American companies from moving jobs to other countries.
Companies move to other countries to pursue higher profits, and Mr. Trump cannot force them to stay. The question is whether he can make it profitable to do so. It is difficult because labor is much cheaper in other countries. Carrier pays workers at its Indiana factory an average hourly wage of $23 — roughly four times what it plans to pay workers with the same jobs in Mexico.
Mr. Trump has promised tax cuts and regulatory relief, but those are minor expenses for most companies, particularly in comparison to their payrolls. Mr. Trump also has threatened to impose new taxes on imports, but he cannot target particular companies. Any such tariffs would have to be broad — and therefore broadly painful.
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