Land Ho
Submitted by Slobzilla on Tue, 09/28/2010 - 10:26
What will be the unintended consequence if there is a law raising the taxes of companies that eliminate jobs in the US and move them to another country? If I'm in business and want to stay that way, yet foreign competition is eating my lunch because of their lower wage structure then I need to squeeze out those labor costs. I suppose I'll use more automation and fewer people wherever possible. I'll outsource as many functions as I can to third parties. The net effect being fewer and lower paying jobs. The spawn of a job-protection law.
http://money.cnn.com/2010/09/27/news/economy/anti_offshoring_tax_bill/
