jump to navigation

They are sending our jobs overseas. Absolutely. May 24, 2018

Posted by hslu in 特朗普, 美國, Economics, Globlization, jobs, Trump, 川普.
Tags: ,
trackback

Source: Vox

.

Let there be no doubt that everyone knows Harley Davidson is a pro-Trump and a pro-Republican Party company. Most people working for HOG probably voted for Trump in 2016 and most HOG employees and HOG bike riders are the ones who kept Trump’s ratings at 40% since Trump won the 2016 election.

We also know that Republican Party successfully passed a sweeping tax reform bill which benefited most middle income tax payers, gave Trump’s rich buddies a huge tax cut and added $1.5 trillion to the national debt. Further more, the same tax bill cut corporate federal tax rate from ~35% to 21% hoping to make American companies more competitive on the world market. The lower tax rate also encourages companies make capital investments to give American economy a boost.

So what did Harley Davidson do after they got the tax cut?

The closed a factory in Kansas, laid off 800 employees and gave stock holders a $700 million gift in stock buyback and dividends.

How do you like that if you own HOG stocks?

Source: Google

.

But, when your job just disappeared and at the same time HD is opening up a new plant in Thailand, you suddenly realized that none of that tax savings Trump had promised meant anything to you at all.

Source: Google

.

The bottom line: You are too expensive and as such you are expandable.

Globalization + capitalism = blue collar jobs moving to overseas.

Advertisements

Comments»

No comments yet — be the first.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: