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Manufacturing’s U.S. comeback?

May 14, 2014

Perhaps the most important report on the U.S. economy in years was released in late April by a private consulting company....

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wondering

May-15-14 8:36 AM

So as long as workers will accept an increasingly lower standard of living and continue to subsidize corporate welfare maybe they will return some manufacturing to the US.

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wondering

May-15-14 8:34 AM

“By 2018 it will be cheaper to manufacture goods here than in China, ... but only if current trends continue. That is an enormous "if."

Hmmm, so what is that trend?

Until the 1980s, corporate CEOs were paid, on average, 30X what their typical worker was paid. It is now 280 to 354X.

111 of 288 highly profitable Fortune 500 companies paid no federal corporate income tax in at least one of the last five years; 1/3 paid a U.S. tax rate of less than 10 percent, including 26 that paid nothing at all.

Most of the biggest companies aren’t paying anywhere near 35 % of their profits in taxes and many aren’t paying U.S. taxes at all. Most multinationals are paying lower tax rates here in the US than they pay on their foreign operations. Boeing, General Electric, and Verizon were among the 26 companies that paid no federal income tax in the five-year period, despite combined pre-tax profits of $170 billion.

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tsciacca

May-14-14 4:36 PM

check out the text "Making It In America" by A. Liveris for a manufacture's (optimistic)perspective of why and how America can, and more importantly, must regain its role as a maker of high value goods

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Crugill

May-14-14 11:42 AM

yo, Crowley?

What's going on down there on Broadway? It's spinning out of control?

yo, DW1293 - I guess our call over at ThefacebookWall of the ADE to get your crew onto that LP ER story worked - within days, NYS DOH finally came forward. Thanx, ADE Common-tater Regulars...

"Musings from Mom's Basement"

"Harrison S Paratestes ??? yo, OgdenTechCtr - The Intelligencer / Wheeling News-Register - The Adirondack Daily Enterprise feeds you "our faves" ...See More"

Thefacebook . com/AdkEnterprise/posts/10152455953982022

or

goo.gl/Fq0TPp

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Crugill

May-14-14 11:35 AM

Walmart is investing $150 Billion in it's effort to rekindle manufacturing in the USA --

One can read "Guest Commentaries" at ADE that are dead-on accurate re:The non-performance based compensation of a GM CEO/Chair, but to assume that ALL CEOs/Chairs of US Corps. are in the same boat?

We'd subcontracted to some of the best CEO/Chairs for over decades - a freelance "non-com" in small rooms with "2 to 4 Star Brass" - helping to "shape their message"

One of those had made the Guiness Book as "World's Highest Paid CEO/Chair" - but he'd earned it.

These are amongst the "Banksters" who know where the problems are, & buck the other Wall Streeters - yet in this "ADE Forum?" We see things such as "Citicorp Lobbyists wrote Bank Reg. Legislation - need I say more?"

Absolutely inane.. FDR made JP Kennedy the 1st head of the SEC for a reason.. "It takes a thief..."

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Lifeisgood

May-14-14 11:25 AM

Corporate taxes will also have an affect, as will regulations. While the gap in manufacturing cost itself is closing, the cost of regulations is separate and can be quite significant. No one wants dirty air and water, but the current EPA standards are so extreme that the cost of doing business in the USA is not affordable. Add in the cost of certain litigation brought by environmental groups and for many, its not worth the time or cost of the fight.

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Villager

May-14-14 10:57 AM

All the loonie lefties complaining about corporate welfare take note ... U.S. support of manufacturing pales in comparison to ALL E.U. countries. And Asia makes no bones about their manufacturing being a national asset. But here, oh they must stand on their own in the face of subsidized competitors.

You have gotten your way, corp taxes are up, subsidies are down and jobs are going overseas fast. Of course that'll be blamed on greedy CEOs ... WRONG!

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