Foreign companies create 428,000 jobs in Texas

[charrison]

linkage

Texas ranks third in "insourced jobs," which are the number of U.S. jobs created by foreign companies.


The U.S. subsidiaries of companies that have headquarters overseas support 428,000 jobs in Texas, according to the Organization for International Investment.

"The media has focused on one facet of globalization, which is outsourcing," says Todd Malan, executive director of the Washington D.C.-based business group, which represents U.S. subsidiaries of foreign companies.

...


Nationally, U.S. subsidiaries of foreign companies employ 6.4 million Americans. Furthermore, they compensate those employees 16.5 percent more than U.S. companies.

 

[Genesys]

huh, thats kinda neat. wonder what coporations they are, maybe I can go get a better job with them 😀

 

[sMiLeYz]

Great news!

 

[ReiAyanami]

the numbers are skewed because alot of them are actually american corporations with headquarters in places like bermuda to create a tax shelter. gotta love the tax code, 40,000 pages and counting

 

[charrison]

Originally posted by: ReiAyanami
the numbers are skewed because alot of them are actually american corporations with headquarters in places like bermuda to create a tax shelter. gotta love the tax code, 40,000 pages and counting

This article is talking about toyota, bmw,samsung...
Lots of foreign companies do business here.

 

[gsaldivar]

Originally posted by: ReiAyanami
the numbers are skewed because alot of them are actually american corporations with headquarters in places like bermuda to create a tax shelter. gotta love the tax code, 40,000 pages and counting

Did you bother to read the article?

 

[sillymofo]

I wonder if this has to do with the equal trade of jobs to other countries from the country of Texas.

 

[dmcowen674]

Originally posted by: Genesys
huh, thats kinda neat. wonder what coporations they are, maybe I can go get a better job with them 😀

"Furthermore, they compensate those employees 16.5 percent more than U.S. companies. "

Well, it says they tend to pay more.

Couldn't be because they pay no U.S. Taxes and they are getting subsidized by us to be here.

"Foreign companies create 428,000 jobs in Texas" , "The U.S. subsidiaries of companies that have headquarters overseas"

At least they are finally calling what the former U.S., Companies really are, Foreign Companies.

 

[chess9]

With all due respect, those are not meaningful numbers. They hide more facts than they explicate. But nice try. 🙂

-Robert

 

[CADsortaGUY]

California ranks No. 1 in terms of "insourced" jobs, followed by New York. After Texas, Illinois, Florida, New Jersey, Pennsylvania, Michigan, Georgia and Ohio complete the top 10

Wow. Thanks for the article charrison.🙂

CkG

 

[BaliBabyDoc]

Nationally, U.S. subsidiaries of foreign companies employ 6.4 million Americans. Furthermore, they compensate those employees 16.5 percent more than U.S. companies.

That's a poo statistic . . . comparing BMW (SC), Benz (AL), Nissan (TN), Honda (OH), Toyota (AL/KY) to McDonald's and WalMart makes no sense whatsoever.

Let's be honest about outsourcing. It makes a lot of sense to open facilities in China, India, Indonesia, etc to provide goods and services to the citizens of those countries and anyone that argues otherwise is being unrealistic about the global economy. BUT . . . the net effect of outsourcing employees that currently serve the US economy is likely negative. I mean net in the sense that the CEO and shareholders may see greater return on investment but the American employees and myriad of job opportunities that come from supporting domestic employees will take it on the chin.

The jobs being insourced as described in the article are coming here to serve the US/NA market. But the manufacturing and tech support for Dell servicing the US market comes from India, China, Philippines, and Thailand. In essence, everybody is trying to sell to Americans but many American companies are doing it from foreign territory.

We truly have a dismal future if high school (and some college) graduates can no longer depend on quality manufacturing jobs but instead are shuttled into the burgeoning low-skilled service industries. In addition, even skilled labor from IT to radiology may come to reside overseas instead of stateside.

 

[dmcowen674]

Originally posted by:BaliBabyDoc

"The jobs being insourced as described in the article are coming here to serve the US/NA market. But the manufacturing and tech support for Dell servicing the US market comes from India, China, Philippines, and Thailand.

In essence, everybody is trying to sell to Americans but many American companies are doing it from foreign territory.

We truly have a dismal future if high school (and some college) graduates can no longer depend on quality manufacturing jobs but instead are shuttled into the burgeoning low-skilled service industries. In addition, even skilled labor from IT to radiology may come to reside overseas instead of stateside."
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But this is the New American Caste system wholly endorsed by CAD & Co.

Surely you can't be against these great and wise ones?

 

[BaliBabyDoc]

But this is the New American Caste system wholly endorsed by CAD & Co.
Surely you can't be against these great and wise ones?

Well, I understand their perspective. The corporate class is responsible for job production. And the more they profit the more jobs they will create. So I fully understand the rationale for Neil Bush's *sic* educational software company to move the majority of their work to Mexico. We will ignore the fact that Bush businesses are notorious failures and take the unrealistic position that
Ignite Learning will be a success. This company will make millions selling software to school systems and families. The profits from the enterprise will go to shareholders and a trickle will go to Mexican employees. Clearly, a small number of Americans will benefit and many Mexicans will benefit from jobs that probably pay better than typical opportunities in Mexico.

Now if the same company had continued to operate in America. It could have been just as successful (assuming the product was good). The difference is that shareholders would have seen a smaller return on investment (albeit still worthwhile), the American employees would have earned substantially more than their Mexican counterparts, and more American jobs would have been necessary to support the needs of the company's American employees.

Ultimately, it's Neil Bush's decision to make . . . and considering his business acumen . . . maybe he's anticipating failure and wanted to limit the damage done to investors. It's a shame he didn't have such an ethos back at Silverado.

But let me be clear, I think outsourcing is a GREAT idea if the vast majority of wealth re-distribution comes from top 10% of American wage earners (AND investors) going to poor people in Asia, Africa, Europe, and South America. But IMHO, what appears to be happening is that high income individuals in America are essentially moving employment overseas in order to increase their personal wealth.

 

[drewshin]

sorry, im not getting the point of the post, is it just an observation?

so out of the whatever many jobs held by people in texas, 428,000 are held by people who work for foreign companies? i wonder what percentage that is...probably around 3-4%, i think that's what it is here in california.

 

[gsaldivar]

i think that's what it is here in california.

LINK

:beer:😀