Friday, October 14, 2016

America is Losing More Jobs

Once again, America is losing jobs to a foreign competitor. Ford recently announced that all small automobile production, such as the Ford Focus, would be moved to Mexico in years come with an initial investment by Ford of over $1.6 million (Cook, 2016). The Mexican auto industry is only growing while the U.S. auto industry is only shrinking. Why is this?

The answer is simple, American corporate taxes are way to high. At 35%, they are currently the highest in the world, causing most production and low-skilled jobs to leave the U.S. Ford claims that the U.S. is not actually losing jobs due to this move because people that were working on the small automobiles will not be working on SUV and trucks (Cook, 2016). It may be great that no jobs are actually being lost, but the fact that we are losing jobs opportunities to Mexico is wrong, especially since Ford is an American company.

Although I do not agree with Donald Trump on many issues, when it comes to helping with jobs and incentives for corporations to do work here, he is the obvious candidate that would be best for the job market. Hillary Clinton wants to drive up corporate taxes, but why on earth would you do that if corporations are already leaving because they are too high? All in all, less government in the economy is better. High taxes don't drive economies, they limit the economy's capability.


Cook, Rebecca (2016, September 15). Ford to move all small-car production to mexico from us: ceo. CNBC. Retrieved from http://www.cnbc.com/2016/09/15/ford-to-move-all-small-car-production-to-mexico-from-us-ceo.html

1 comment: