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China Starts Outsourcing From ... the US 274

hackingbear writes: Burdened with Alabama's highest unemployment rate, long abandoned by textile mills and furniture plants, Wilcox County, Alabama, desperately needs jobs. And the jobs are coming from China. Henan's Golden Dragon Precise Copper Tube Group opened a plant here last month, employing 300 locals. Chinese companies invested a record $14 billion in the United States last year, according to the Rhodium Group research firm. Collectively, they employ more than 70,000 Americans, up from virtually none a decade ago. Powerful forces — narrowing wage gaps (Chinese wages have been doubling every few years), tumbling U.S. energy prices, the rising Yuan — up 30% over the decade — are pulling Chinese companies across the Pacific. Perhaps very soon, Chinese workers will start protesting their jobs being outsourced to the cheap labor in the U.S."
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China Starts Outsourcing From ... the US

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  • by OzPeter ( 195038 ) on Tuesday June 24, 2014 @02:44PM (#47308381)

    Thats what is being touted for the Shandong Tranlin Paper Co. greenfield mill being built near Richmond VA, and to break ground in 2016

    Chinese paper company to set up shop in Richmond suburbs []

    Sure I don't expect 2000 permanent full time jobs, but injecting $2 billion into a community ain't so shabby

  • by nimbius ( 983462 ) on Tuesday June 24, 2014 @02:53PM (#47308479) Homepage
    Sourcing manufacturing jobs in Georgia is like shooting fish in a barrel. OSHA and EPA inspections are basically nonexistent and the threat of meaningful unionization is basically the same as the PRC. The most important reason chinas looking to the US for sourcing jobs is not because their citizens are earning more, its because you are earning less. according to the social security national wage index the average take home yearly pay for a worker in 1977 was $9779. adjusted, thats $58,713 in 2013 dollars. [] []
    what this chinese company proposes is offering manufacturing workers $15 an hour, or around $31k a year. Things like health and dental insurance are probably not going to be provided by this company, and that would usually be OK because a state healthcare exchange would help but georgia hasnt passed any conforming legislation and does not to date have an exchange of its own, nor has it expanded medicare coverage.
  • by TheDarkMaster ( 1292526 ) on Tuesday June 24, 2014 @03:55PM (#47309071)
    The good thing about Musk (and guys like him) is that profit is not the sole and exclusive purpose of the company. They are looking to do something well and profit is just a welcome consequence of this, not the sole purpose..
  • by hjf ( 703092 ) on Wednesday June 25, 2014 @03:03AM (#47313011) Homepage

    Easy there, union guy.

    I said I agreed with the previous post. I'm not anti union. And I'm extremely critical of the government (I'm not american, if that matters).

    But unions ARE corrupt, and they are as corrupt as the government. The ideals of unions are good. The problem is: they become giant and extort money from the company.

    Here in Argentina the truck drivers union is preparing for a 2-day strike, demanding a 40% raise (after a 30% raise not even a couple months ago). Truck drivers are making more money than many professions (doctors and engineers for example). A truck driver doesn't spend 10 years of his life in college, yet he makes more money than a doctor here, thanks to the "truck drivers union" which paralyzes the country whenever it wants something. That's sheer corruption right there. In fact, that's the reason unions existed in the first place: to protect the "little guy" from the big guy. Except they're the big guy here, and they act like it.

Genius is ten percent inspiration and fifty percent capital gains.