4 ms·

Then they don't need to do business in the US. Lets see how it works out for them.

churchill 1y ago
How are you going to enforce that? I mean this sincerely, from the bottom of my heart. Ban SWIFT transactions to India? They'll just start hiring in Eastern Europe, the Philippines, etc. Not to mention explosive lawsuits that'll ultimately find that the government doesn't have those powers. I can understand and sympathize with you feeling sad about jobs being outsourced but, this is technological evolution. America has a tiny slice of humanity's population and if the Bell Curve is accurate, it therefore has a tiny slice of the world's supply of smart people. Or, maybe just driven hard workers, since not every H1B founds a Google. If you don't let them move to America, then fine, your homegrown companies will export jobs to them. The only way to prevent this is to levy blanket tariffs on all countries to force them to onshore. But, then, they'll retaliate, hurting America's export industries and the economy. Making America a less attractive place for the businesses you're trying to hold back. They'll consequently move out. It's the same thing with tariffs. If
- corimaith 1y ago
  Businesses set up offices to claim the local market, not local talent. The matter of fact is that the average Indian or Chinese or Eastern European is alot less lucrative than the average American consumer. And in a world of mercantilism, you're not going to be exporting much to the US market.
JohnFen 1y ago
The world is a big market. The days when the US is, basically, a "mandatory" market to address are behind us.
- corimaith 1y ago
  No actually, the majority of large economies are all export based economies, it's pretty much the US and a handful of much smaller economies like the UK on the other side of the balance sheet. It's arithmetically impossible for everyone to be exporter, and those large enough to absorb those surpluses like China, India and the EU are not going to be willing to run aggregate deficits, certainly not short-medium term without painful adjustments. As for the "global south", their markets combined don't reach close to the size of the US market.
  - JohnFen 1y ago
    There are quite a few companies that manage to do OK without selling into the US. BYD is the currently hot example.
    - corimaith 1y ago
      Quite a few does not make the aggregate economy.

How are you going to enforce that? I mean this sincerely, from the bottom of my heart. Ban SWIFT transactions to India? They'll just start hiring in Eastern Europe, the Philippines, etc. Not to mention explosive lawsuits that'll ultimately find that the government doesn't have those powers. I can understand and sympathize with you feeling sad about jobs being outsourced but, this is technological evolution. America has a tiny slice of humanity's population and if the Bell Curve is accurate, it therefore has a tiny slice of the world's supply of smart people. Or, maybe just driven hard workers, since not every H1B founds a Google. If you don't let them move to America, then fine, your homegrown companies will export jobs to them. The only way to prevent this is to levy blanket tariffs on all countries to force them to onshore. But, then, they'll retaliate, hurting America's export industries and the economy. Making America a less attractive place for the businesses you're trying to hold back. They'll consequently move out. It's the same thing with tariffs. If

corimaith 1y ago
Businesses set up offices to claim the local market, not local talent. The matter of fact is that the average Indian or Chinese or Eastern European is alot less lucrative than the average American consumer. And in a world of mercantilism, you're not going to be exporting much to the US market.

JohnFen 1y ago

The world is a big market. The days when the US is, basically, a "mandatory" market to address are behind us.

corimaith 1y ago
No actually, the majority of large economies are all export based economies, it's pretty much the US and a handful of much smaller economies like the UK on the other side of the balance sheet. It's arithmetically impossible for everyone to be exporter, and those large enough to absorb those surpluses like China, India and the EU are not going to be willing to run aggregate deficits, certainly not short-medium term without painful adjustments. As for the "global south", their markets combined don't reach close to the size of the US market.
- JohnFen 1y ago
  There are quite a few companies that manage to do OK without selling into the US. BYD is the currently hot example.
  - corimaith 1y ago
    Quite a few does not make the aggregate economy.