Medical Device Maker and Drug Co. shipping jobs overseas

Discussion in 'Economy' started by chanel, Jul 31, 2011.

  1. chanel
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    chanel Silver Member

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    Medical-device manufacturer to lay off 1400 … « Hot Air

    Drug company Merck, which employs 12,000 in N.J., to eliminate 13,000 positions worldwide | NJ.com

    "High growth areas" "emerging markets" :evil:

    Obamacare or something else?
     
  2. Dont Taz Me Bro
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    Dont Taz Me Bro USMB Mod Staff Member Gold Supporting Member Supporting Member

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    Hard to say without knowing more information, but this was predicted.

     
  3. uscitizen
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    uscitizen Senior Member

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    Umm didn't the right ban imported Drugs from Canada because of safety issues?
     
  4. uscitizen
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    uscitizen Senior Member

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    Predicted???

    Hell it has been going on for over a decade.
     
  5. Dont Taz Me Bro
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    Dont Taz Me Bro USMB Mod Staff Member Gold Supporting Member Supporting Member

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    ObamaCare has been going on for over a decade? What have you known all this time that the rest of us didn't?
     
  6. chanel
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    chanel Silver Member

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    This really saddens me. NJ is the pharmaceutical capital of the world. Losing these good paying jobs will hurt the entire state.

    What could incentivize (sp?) these companies to stay in the U.S.?
     
  7. iamwhatiseem
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    iamwhatiseem Gold Member

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    I don't mean to reduce your argument, but what you are seeing is what the rest of us have been seeing ever since NAFTA passed.

    Consider:
    20 years ago in my area....

    G.E. Plant....12-1300 jobs....now in Mexico.
    Ford Plant....1100 jobs....now in Mexico.
    Otis Elevator....600 jobs...now in India.
    GM Plant....1800 jobs...now 500 jobs.
    Carpenter Bus...450 jobs...now in Mexico.


    That is 4,750 jobs that went overseas...and this is only 3 counties in one state.
    Think of the tax revenue that disappeared both locally and federal.
     
    Last edited: Jul 31, 2011
  8. expat_panama
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    expat_panama Silver Member

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    Managers of publicly held corporations are forced by law to ignore personal preferences and conduct operations to serve the owners. Voters are able to choose either policies class hatred or policies for a jurisdiction that makes the US an easier place to run a business.

    This reality is the reason we see government revenue increase when tax rates are cut.
     
  9. editec
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    editec Mr. Forgot-it-All

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    Hey you cannot blame these companies for migrating to where the cost of labor is cheap. They really almost have NO CHOICE, thanks to the nature of capitalism.

    If you have a complaint (and I think you have a reasonable complaint, for sure), it OUGHT TO BE with the dumb assed Ds and Rs who allow manufactured goods into this nation without tariffs.

    Adam Smith would agree with me, on this one, incidently.

    Nations have every right (and every responsibility) to see to it that their people have work.

    Now if you want to end the existence of all nations, and if you also are prepared to allow all workers to come and go as they please, then by all means FREE TRADE would be a fine policy.

    But as long as the American people are forced to pay taxes to support this nation, then this nation ought to be forced to PROTECT THEM from the percicuous effects of interantional trade.

    This is NOT about left v right, this is about nationalism versus internationalism.
     
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  10. Bfgrn
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    Bfgrn Gold Member

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    "The company would not say how many jobs will be lost in Massachusetts, where fewer than 2,000 of its 25,000 employees are based."

    Did the company JUST change their domestic/foreign jobs mix? OR, has this company outsourced jobs well before Obama was elected? AND, the Affordable Healthcare Act has not even been implemented, so how could legislation THAT DIDN'T EXIST affect this company's domestic/foreign jobs mix?
     

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