US manuf's have outdated machines. Old machines + manual labor = outsourcing, the fastest job killer. Effects of specific tax break are complex. But to keep manuf in US, we need better technology! At archsys_io we retrofit old machines w/data analytics to improve current ops.
For the last time: Jobs only exist because there isn’t a better alternative. Corporations have no interest in employing anyone except to accomplish a task that makes it a profit.
Is that AMAZON?
Don't give tax cuts to business w/o specifyng how they spend $$ they're saving.
Now, that took an unexpected turn... Said nobody, ever.
The $300 billion business tax break wasn't meant to raise wages. It was meant to give rich executives a $300 billion tax break.
MrAndreRabie Do the machines get paid and in turn purchase the product? Nope!
*sigh*
realDonaldTrump What say you?
More winning.
Well, duh...
I am not surprised by this is anyone else do you really think that rich ppl were going to pass on their tax break to middle/working class ppl?
Machines will actually create new job opportunities. There is immediate vs long term strength here. We are competing in a global market. Be careful what data you use and how you influence others.
MAGA!
And why do you think this is news now? You were warned this would happen. Why wasn’t this news for you PRIOR to this law?
Wages are controlled by supply and demand like everything else. Which means as long as democrats and rinos want open borders, wages will always be stymied by a glut of imported cheap labor. Neither tax cuts or inflation inducing min wage laws will fix that.
Duh!
Seeing this first hand. Lots of automation put in where I work with ~75 jobs already cut since July and another 50 scheduled for this year.
Saw that coming! Just like the coal miners expected to return to work..... tunnel boring/robotics/computerized systems can work 24/7 with no break. Same thing for all other companies. Even docs via robot, no cashier stores etc.
Nice.
Entirely predictable.
The time is now for universalbasicincome AndrewYang2020
Trickle down and back up ... so where did all those dollars finally end up?
So the trickle down isn't trickling down? But it worked so well before...
Who makes the machines?
Who said that’s what it was meant to do?
WHY do you think these companies can be TRUSTED to not screw over their employees? You have to force them. The tax cut should’ve been written in such a way that stock buybacks, etc. invalidate it. You cannot trust big business to do the right thing on its own
Good one realDonaldTrump
You don’t say....
We have record low unemployment.. unless you want them to hire illegals.
Not instead. They were going to machines regardless. Same with Fight for 15. Machines were coming. Tech can’t be stopped. Do more with less.
There is your Republican tax scam.
People are not born to work.
Trump supporters voted for their own layoffs
Stop progress!
Is AI reducing need for imported labor? The whole system is a mess. Illegals & legal immigrants are taking our jobs. Foreign labor same. Reducing our wages. AI is taking jobs. Just a mess.
Did people really think anything trump did was for the American people?
A real big problem. Bigger than immigration.
It is a disaster
Who’s surprised?
LOL and all these conservatives are saying we can’t raise the minimum wage because otherwise companies will replace their employees with robots.
I am shock
This is shocking, considering how effective trickle-down economics typically is! /s
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Reuters - 🏆 2. / 97 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: CNBC - 🏆 12. / 72 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »