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No. They shouldn’t. I can’t think of a worse American policy idea than giving preferential treatment letting companies exploit American workers more aggressive

by CPLX 3y ago

No. They shouldn’t. I can’t think of a worse American policy idea than giving preferential treatment letting companies exploit American workers more aggressively, but only if the owners of the company who will profit from this are not American.

ccorcos 3y ago
I don’t think the exception would be just for foreign companies. It could be a geography set aside for free trade and no tariffs. This kind of thing worked very well in Shenzhen, Hong Kong, and (the entire country of) Singapore for example.
fshr 3y ago
We don't need to eat the whole pie! We'd still get the taxes, wages, institutional training to develop skilled labor, and onshoring. Let them keep their IP and profit from their evolution.
somethoughts 3y ago
This is about temporarily allowing companies such as TSMC to bring in their specialized fab building construction companies to get these mega projects built on time instead of insisting on fully local non-specialized labor. I think the key part of the proposal that you are missing is that it eventually (i.e. after a decade) gets rolled back to a normal economic zone and the special foreign privileges get rolled back. What you want is just insist that a small contingent of local specialized project teams be allowed to shadow the foreign teams. Its a bit of a marshmallow test for unions.
- CPLX 3y ago
  That kind of thing already exists. It’s trivial for large and well resourced foreign companies to bring in specialized foreign teams to work alongside American workers. What’s happening here is TSMC just wants to undercut local wages. There are actually people who have gone in and done real reporting in the situation beyond reading press releases. https://prospect.org/labor/2023-08-11-econ-commentators-tsmc-declare-us-workers-defeat/ https://prospect.org/labor/2023-08-11-econ-commentators-tsmc...
throwaway38937 3y ago
[flagged]

by CPLX 3y ago

ccorcos 3y ago

I don’t think the exception would be just for foreign companies. It could be a geography set aside for free trade and no tariffs. This kind of thing worked very well in Shenzhen, Hong Kong, and (the entire country of) Singapore for example.

fshr 3y ago

We don't need to eat the whole pie! We'd still get the taxes, wages, institutional training to develop skilled labor, and onshoring. Let them keep their IP and profit from their evolution.

somethoughts 3y ago

This is about temporarily allowing companies such as TSMC to bring in their specialized fab building construction companies to get these mega projects built on time instead of insisting on fully local non-specialized labor. I think the key part of the proposal that you are missing is that it eventually (i.e. after a decade) gets rolled back to a normal economic zone and the special foreign privileges get rolled back. What you want is just insist that a small contingent of local specialized project teams be allowed to shadow the foreign teams. Its a bit of a marshmallow test for unions.

CPLX 3y ago
That kind of thing already exists. It’s trivial for large and well resourced foreign companies to bring in specialized foreign teams to work alongside American workers. What’s happening here is TSMC just wants to undercut local wages. There are actually people who have gone in and done real reporting in the situation beyond reading press releases. https://prospect.org/labor/2023-08-11-econ-commentators-tsmc-declare-us-workers-defeat/ https://prospect.org/labor/2023-08-11-econ-commentators-tsmc...

throwaway38937 3y ago

[flagged]