The news media would have you think the jobs we have lost to China, India and other countries are the result of lower cost labor. They tend to blame greedy capitalists on moving production off shore to save a few pennies on the production of products sold in our markets. Sadly, nothing could be further from the truth.
Yes, there has been a movement of manufacturing to foreign countries. Yes labor costs are lower in those countries. But unless you are in a craft business with very high labor content, the lower labor costs are offset by the freight costs to get the product back to this market.
If you stop for a moment to think about all the products we use, most are the result of a great deal of engineering and are produced on highly automated equipment. In my experience, most products like this have labor costs that run less than 20% of the total cost of the product and freight from off shore, combined with the prepayment and lead times tend to offset each other.
The real truth of the matter is that domestic producers are moving production offshore because of overhead costs. Overhead costs that are the direct result of our government. So if you want to blame someone for the jobs that are moving off shore, blame your favorite politician.
There are lots of things I can point to including OSHA, EPA, Workers Compensation, Employer Paid Pensions, Employer Paid Health Insurance, MSDS, EEOC and a raft of other government imposed programs. All of these have costs associated with them and none of them are present in India, China, Vietnam, Mexico and other low cost countries.
Today, however, I want to focus on just one government cost that is killing jobs in the U.S. and point out how the situation will only get worse if we don't do something soon.
Jim Meyers in an article entitled "U.S. Leads World...In Corporate Taxes" in the September issue of "NewsMax" pointed out that the U.S. "now bears the dubious distinction of having the highest corporate tax rate in the developed world." Why in heavens name would a manufacturer want to produce products and make a profit in this country? Instead, manufacturers make products and profits offshore while selling products at a loss in this country. It boils down to make your profits where you can keep most of them.
Treasury Secretary Henry Paulson in a Wall Street Journal opinion piece wrote that, "The current tax code distorts capital flows, hurting productivity, job creation and our global competitiveness." He suggests that countries with a 1 percentage point lower tax rate will attract 3 percent more capital. Other countries have figured this out and are lowering taxes.
The Wall Street Journal reports that at least 25 developing countries have cut corporate tax rates since 2001. At approximately 39.3 percent, we are the highest and it results in receipts to the government of less than 2.5 percent of GDP. Ireland on the other hand has a corporate tax rate of 12.5 percent and collects 3.6 percent of its GDP in corporate revenues.
Even the French have figured this out and are cutting taxes under President Nicolas Sarkozy.
If you want to keep and grow the job market in this country, write to your Congressmen and tell them you want to see job opportunities in this country increase as well as tax revenues increase just as they have in Ireland through Corporate Tax reductions.
There are many misconceptions about work from home online jobs. This new method of income generation is still in its infancy. Many are still undecided as skeptics and believers fight over the long-term feasibility of this new money-making methodology. One thing that is certain is that the internet can be a profitable landscape of new and vibrant business opportunities. But does this dynamic nature apply to work from home online jobs?
The answer is yes. There are many ways to generate income from work from home online jobs. The opportunities are virtually endless. Opportunities continually present themselves as the industry evolves and when examining the road of evolution, there is no end in sight for the information technology sector.
Given the myriad of opportunities available, let’s examine the top 3 work from home online jobs you can benefit from.
Work From Home Online Job No. 1 Affiliate Marketing
If you know how to operate a website, you can become an affiliate. By becoming an affiliate you promote another businesses’ product. When a sale is made as a result of your promotion, you receive a commission of the sale. The commissions can vary anywhere from 30% to 70% of the sale price.
There are many digital products that offer affiliate programs. With some careful research, you should be able to find the best affiliate program for you.
Work From Home Online Job No. 2 Online Surveys
Participating in online surveys is a popular way of supplementing your income. There are various online marketing research agencies that are looking for candidates who are willing to participate in online surveys.
Participants are usually paid according to the amount of surveys completed. Surveys may offer varying payouts. The payout is partially determined by the scarcity of the test group; the rarer respondents are, the more they may be paid.
Work From Home Online Job No. 3 Online Retail
Online retail is one of the most established forms of revenue generation. Online retail was a pioneering work from home online job that gained mainstream exposure and acceptance. Unfortunately, conducting online retail is riskier when compared to its alternatives. To successfully engage in online retail, a certain amount of risk needs to be assumed.
Assuming risk may be a major drawback for those looking to achieve instant returns on the investments. Starting a retail business usually requires investing in a certain amount of inventory. This drastically reduces the liquidity of your assets, which may be another deal-breaker for some. Do keep these issues in mind when you consider entering the world of e-commerce.
There are many different kinds of work from home online jobs available. But before starting one, it would be prudent to do some research and learn from experts in this still-emerging field. The anonymity of the internet can be a huge pitfall that consumers should avoid. By consulting a guide written by knowledgeable author, you should be able to avoid and cut through the smoke and mirrors that mask genuine work from home online jobs.