Government Contracts and Employment
I suggest you change the rules so that these international companies start re-shoring. To do this, merely dictate that any company with less than 75% of its staff in the US will not get preferential treatment for US government contracts, grants, subsidies, or bailouts. These huge multi-nationals will re-shore in a heartbeat so as not to lose out on their easy money government contracts. Why do I bring this up? I work ...more »
I suggest you change the rules so that these international companies start re-shoring. To do this, merely dictate that any company with less than 75% of its staff in the US will not get preferential treatment for US government contracts, grants, subsidies, or bailouts. These huge multi-nationals will re-shore in a heartbeat so as not to lose out on their easy money government contracts.
Why do I bring this up? I work for a large multi-national who has no problem off-shoring American white-collar jobs in the tech industry to foreign labor.
And yet, they have huge government contracts, and have received money from the government, as well as subsidies, tax breaks, etc. Take away the incentives and it comes down to money. And almost guaranteed contracts incentivizes them to comply. You could even push this policy further by denying patent applications for businesses w/ less than 75% labor in the US. That would really push these companies back. Assuming, of course, the US wants to have its citizens employed in jobs that pay taxes.
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