Chinese in the Laundry Business? Does this Freeze Out U.S. Jobs?

[Sparlin]

http://www.businessweek.com/ap/financialnews/D99EU3H02.htm

Whirlpool has just announced that they are opening a new factory in China. This isn't really surprising, and it's good news for the Chinese. The question is, why? What are they offering that we aren't?

Three answers come to mind quickly....


1. Cheaper Labor Cost

2. Less Restrictions on Manufacturing Practices

3. Everyone else (Other U.S. companies) are doing it.

I'm sure there are many more factors that contribute, but just for discussion purposes, what needs to be done to make U.S. based companies want to stick around?

This isn't just limited to China. It seems that U.S. companies are jumping into India, Taiwan, Mexico, and others. So what needs to be addressed to make this country more appealing to U.S. investors and help restore our status as a manufacturing giant as well as create more jobs?

 

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[TaxGuy]

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[Bobo]

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[hatterasguy]

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[rcardin]

Si: Djopiti op vji Meapfsz Catopitt? Fuit vjot Gsiibi Uav A.T. Ku

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