George Rebane
While we’re all tangled up in our fiscal underwear, few noticed that even GE (aka Government Electric) is not doing much to artificially keep jobs here in America. They are expanding their X-ray business to China “to be closer to our customers.” Since China’s healthcare industry will be booming in the coming years, that makes a lot of sense. But then, I thought ours would also be booming as our population gets older. Well, whatever.
The real reason, it turns out, is that GE plans to do its technology development and grow its future manufacturing capacity also in China. Again, that makes sense since China has technical workers coming out of its ying-yang (that’s Chinese for an unmentionable orifice), and here we graduate people who in the large ‘don’t do numbers’. Most of our college majors pump out people for jobs where you say ‘would you be having fries with that?’ a lot.
And, of course, China is now rapidly moving into manufacturing high-end products at an unbeatable cost, while here our National Labor Relations Board is trying to beat crap out of Boeing for expanding its new operations into South Carolina, a right-to-work state. I bet Boeing is also dreaming of moving its aircraft manufacturing business to some other shore – care to guess where?
GE ropa-dopes the light thinkers with its promise not to decrease its existing 120 worker labor force in its existing X-ray manufacturing plant in Waukesha, Wisconsin, a forced union state (more here). That, dear reader, is known as a sop to Team Obama and the Democrats with whom GE has forged an incestuous relationship.
But the reality remains, our captains of industry are gaming the system to the max. GE knows that if it doesn’t compete in the China market, there are a handful of other international companies that will expand into that market in a heartbeat. And then the result is that GE will continue making overpriced and uncompetitive X-ray units that can only be sold in the US, and then only if the government sticks a gun to the buyer’s head.
So that’s the update from our job creation front as our governments at all levels busy themselves with writing more burdensome and confusing regulations, increasing fees and taxes, and generally creating investment risks out of thin air.
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