companies were going bankrupt or had to move out of country. [View all]
i was talking to niece last night about a college course she was taking. they had a discussion about should children in other countries have to work, while we have labor laws in the u.s. all she could picture was the hungry children in these other countries and them have the opportunity of making money so they could eat. i wanted her to look beyond that. company greed. company responsibility in what happened to these children in other countries and where are the companies responsibility in this. wage disparity between the employee and the bosses, ceo. what is happening to our labor market with jobs going overseas and high tech evolution of loss jobs.
she said, her teacher said, if these companies didnt go overseas, they would have gone bankrupt. and i know this was an issue. i dont think the reasons are those above. what were the reasons that all of a sudden the companies could not make a profit in u.s. (supposedly).
i had read where apple making the ipad made a 63% profit with company overseas. in the u.s. their profit would be 54%. back in the day, i remember that a company needed a 45% profit to survive.
anyone have info for me?
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