This is the flip side to the Trump Organization. It employs Americans in jobs that cannot be exported, but, the Bangladesh issues are real and should not be ignored.
Currently, China is manipulating currency. That has caused problems within Wall Street and losses were realized. I would think American manufacturers would be rethinking their dependency on Chinese labor in the face of losses due to China's monetary policies. There are some manufacturers such as Apple that will always have connections to China and probably a permanent manufacturing relationship with China because of it's need for Rare Earth Elements.
We know how draconian Mexico has been in causing loss of jobs.
The way Wall Street is conducting itself when it comes to American labor is completely wrong and adverse to even their own profits. We know Americans have enormous economic power. While countries such as Mexico needs a good and reliable economy, the way it is rolling out will cause real problems with recessions in the USA and loss of market to Mexican imports.
The way an economy has to roll out to INCREASE markets across the globe is to mimic the USA economy, but, one that is autonomous from robbing jobs from Americans. In other words, Mexico should be seeing auto assembly plants that will sell to Mexicans not Americans. Isn't Mexico tired of being used by Wall Street without boosting its actual GDP? Supplying labor for exports to the USA is robbing Mexico of it's tax base because citizens should be increasing their incomes from good paying jobs. Jobs that compete for labor, including USA labor, would mean Mexico has it right.
No American is going to China, India or Mexico to work because even minimum wage in the USA competes with pay rates outside the USA. Why is it Mexico doesn't have unions to increase wage labor that will GROW Mexico's economy. Why isn't Mexico manufacturing attracting labor already trained but out of work in the USA?
Mexico should be seeing higher incomes within their populations that DRIVES economic growth. Crossing the USA - Mexico border should not see stark differences in quality of life. The countries taking USA jobs are doing it all wrong. Mexico should be seeing growth of suburbs, cottage industry growth, an increase in entrepreneurial economics.
Mexico should be experiencing a tax base similar to that of the USA. Mexico should be providing a higher quality of life to it's citizens that makes them strong and able to turn their backs on drug cartels. Mexico is selling it's labor to Wall Street in a methodology that enforces drug cartels because poverty still exists.
When countries accept Wall Street on Wall Street terms, they lose. They are made weak and unable to change the path of their people. The unions in Bangladesh are correct. There should be excellent working conditions, good pay and UPWARD MOVEMENT of citizens from poverty to a NEW middle class with purchase power that drives development of an independent economy able to trade with the USA as equals. There should not be draconian relationships between the USA and other countries. The USA and other countries should be trading as equals and not a host to a parasite.
September 3, 2015
By Heather Long
...A CNN Money (click here) analysis calculates at least 34,000 jobs attributable to the Donald.
It's not the most straightforward calculation. His company, The Trump Organization, is private, so it does not have to disclose information publicly about how much money it makes or how many people it employs. His campaign didn't give a specific figure either.
CNNMoney turned to PrivCo, which researches and tracks privately-held companies.
According to PrivCo, the Trump Organization has 22,450 employees and brought in $9.5 billion in annual revenue last year....
...But that's not the whole picture. There are likely other jobs that might not exist without Trump. Economists call this the "multiplier effect."
New York's Broadway shows are a good example. Visitors who come to see shows, may stay at least a night or two at New York City hotels and spend money at restaurants and stores. So any analysis on the economic and job impact of Broadway takes into account more than just ticket sales and employment of actors, singers and stage hands.
The same holds true for Trump's resorts and hotels.
Consider Ricardo Ara, the 24-year-old who works in the Koi Soho restaurant in the Trump SoHo Hotel. His story made news last month because Ara is an illegal immigrant from Mexico who has the right to work at the restaurant in Trump's hotel because of Deferred Action for Childhood Arrivals, a program Trump wants to end.
Ara is technically employed by the restaurant, not the Trump Organization, but his job probably wouldn't exist if the hotel weren't there.
The state of New York says that "leisure and hospitality" companies like Trump's typically have a 1.5 multiplier effect....
Currently, China is manipulating currency. That has caused problems within Wall Street and losses were realized. I would think American manufacturers would be rethinking their dependency on Chinese labor in the face of losses due to China's monetary policies. There are some manufacturers such as Apple that will always have connections to China and probably a permanent manufacturing relationship with China because of it's need for Rare Earth Elements.
We know how draconian Mexico has been in causing loss of jobs.
The way Wall Street is conducting itself when it comes to American labor is completely wrong and adverse to even their own profits. We know Americans have enormous economic power. While countries such as Mexico needs a good and reliable economy, the way it is rolling out will cause real problems with recessions in the USA and loss of market to Mexican imports.
The way an economy has to roll out to INCREASE markets across the globe is to mimic the USA economy, but, one that is autonomous from robbing jobs from Americans. In other words, Mexico should be seeing auto assembly plants that will sell to Mexicans not Americans. Isn't Mexico tired of being used by Wall Street without boosting its actual GDP? Supplying labor for exports to the USA is robbing Mexico of it's tax base because citizens should be increasing their incomes from good paying jobs. Jobs that compete for labor, including USA labor, would mean Mexico has it right.
No American is going to China, India or Mexico to work because even minimum wage in the USA competes with pay rates outside the USA. Why is it Mexico doesn't have unions to increase wage labor that will GROW Mexico's economy. Why isn't Mexico manufacturing attracting labor already trained but out of work in the USA?
Mexico should be seeing higher incomes within their populations that DRIVES economic growth. Crossing the USA - Mexico border should not see stark differences in quality of life. The countries taking USA jobs are doing it all wrong. Mexico should be seeing growth of suburbs, cottage industry growth, an increase in entrepreneurial economics.
Mexico should be experiencing a tax base similar to that of the USA. Mexico should be providing a higher quality of life to it's citizens that makes them strong and able to turn their backs on drug cartels. Mexico is selling it's labor to Wall Street in a methodology that enforces drug cartels because poverty still exists.
When countries accept Wall Street on Wall Street terms, they lose. They are made weak and unable to change the path of their people. The unions in Bangladesh are correct. There should be excellent working conditions, good pay and UPWARD MOVEMENT of citizens from poverty to a NEW middle class with purchase power that drives development of an independent economy able to trade with the USA as equals. There should not be draconian relationships between the USA and other countries. The USA and other countries should be trading as equals and not a host to a parasite.
In other words, the cars manufactured in Mexico stay in Mexico and the cars manufactured in the USA stay in the USA. Trade Agreements are robbing more than Americans, it robs the countries and people of those seen as trading partners. The balance of trade within the agreements are self defeating.
When USA labor is exported for profits to CEO bonuses; the USA national debt increases because it has a tax base defeated by Wall Street. When Americans are moving into poverty due to loss of pay the USA is losing it's tax base and even national defense is under threat. A draconian Wall Street is more than simply causing poverty in the USA, it threatens it's national security as well.
China, India and Bangledesh should be experiencing "The Multiplier Effect" (click here) that drives a larger and larger prosperous economy. The demand of Mexican built cars within Mexico should prove to be an increase in GDP and a Mexican tax base. Today, emerging economies are not emerging, they are experiencing problems and shrinking. Wall Street is making profits at the expense of humanity.
When USA labor is exported for profits to CEO bonuses; the USA national debt increases because it has a tax base defeated by Wall Street. When Americans are moving into poverty due to loss of pay the USA is losing it's tax base and even national defense is under threat. A draconian Wall Street is more than simply causing poverty in the USA, it threatens it's national security as well.
China, India and Bangledesh should be experiencing "The Multiplier Effect" (click here) that drives a larger and larger prosperous economy. The demand of Mexican built cars within Mexico should prove to be an increase in GDP and a Mexican tax base. Today, emerging economies are not emerging, they are experiencing problems and shrinking. Wall Street is making profits at the expense of humanity.
By Heather Long
...A CNN Money (click here) analysis calculates at least 34,000 jobs attributable to the Donald.
It's not the most straightforward calculation. His company, The Trump Organization, is private, so it does not have to disclose information publicly about how much money it makes or how many people it employs. His campaign didn't give a specific figure either.
CNNMoney turned to PrivCo, which researches and tracks privately-held companies.
According to PrivCo, the Trump Organization has 22,450 employees and brought in $9.5 billion in annual revenue last year....
...But that's not the whole picture. There are likely other jobs that might not exist without Trump. Economists call this the "multiplier effect."
New York's Broadway shows are a good example. Visitors who come to see shows, may stay at least a night or two at New York City hotels and spend money at restaurants and stores. So any analysis on the economic and job impact of Broadway takes into account more than just ticket sales and employment of actors, singers and stage hands.
The same holds true for Trump's resorts and hotels.
Consider Ricardo Ara, the 24-year-old who works in the Koi Soho restaurant in the Trump SoHo Hotel. His story made news last month because Ara is an illegal immigrant from Mexico who has the right to work at the restaurant in Trump's hotel because of Deferred Action for Childhood Arrivals, a program Trump wants to end.
Ara is technically employed by the restaurant, not the Trump Organization, but his job probably wouldn't exist if the hotel weren't there.
The state of New York says that "leisure and hospitality" companies like Trump's typically have a 1.5 multiplier effect....
When Governor Greg Abbot states "Donald Trump doesn't state what will replace Obamacare." These are not unique questions for Donald Trump; no other Republican, including those in Congress can state what will replace Obamacare.
This is not a mystery. Republicans hand everything over to business to solve it's own problems while government "gets out of the way." Republicans don't have answers for the country's problems. They dissolve government programs and tell the private sector to 'have at it / bring it."
Obamacare is fashioned after Romenycare in Massachusetts. Obamacare is already a bipartisan plan. In 2004, then Governor Romney proposed a plan that would cover nearly all citizens of Massachusetts. The Massachusetts health reform laws passed the legislature with the Governor's plan as the basement foundation.
