In Focus: Insourcing
From the Organization for International Investment:Thanks to Doc Lob for the link!THE FACTS ABOUT INSOURCING
* U.S. subsidiaries employ a record high 6.4 million Americans.
* U.S. subsidiaries support an annual payroll of $350 billion and pay, on average, 16.5% more than all U.S. companies.
* U.S. subsidiaries heavily invest in the American manufacturing sector. Thirty-four percent of the jobs at U.S. subsidiaries are in manufacturing -- more than double the proportion of manufacturing at all U.S. companies.
* Annual federal taxes paid by U.S. subsidiaries are at a record high of $28 billion.
* U.S. subsidiaries manufacture in America to export goods around the world -- accounting for over 22.4 percent of all U.S. exports.
* Over the last 15 years, manufacturing "insourced" jobs grew by 82% - at an annual rate of 5.5%; and manufacturing "outsourced" jobs grew by 23% - at an annual rate of 1.5%.
* Over the same period, total "insourced" jobs grew by 117% - at an annual rate of 7.8%; and total "outsourced" jobs grew by 56% - at an annual rate of 3.8%.
* New foreign direct investment (FDI) in the U.S. totaled $82 billion in 2003, over twice the amount from the previous year.
* In 2003, U.S. subsidiaries reinvested $38.6 billion – up from $6.8 billion in the previous year.
Matt's Chat
I think this would make a great ad...John "Outsaucing" Kerry has no clue what he's risking with his rhetoric. For such an accomplished International Man of Mystery, you would think Sen. Ketchup could figure out that if we stop outsourcing, those jobs that Americans are getting from insourcing could be jeopardized.Mark's Remarks
What?!? We are getting jobs? Why was I not informed? Why aren't people celebrating this great news? Oh wait, the Partisan Media(tm) doesn't report it. They are filtering what they want the people to see....they are the willing accomplices of the distortion of truth by liberal hamsters everywhere....HALLIBURTON!!! I DEMAND AN INVESTIGATION!!! WHERE IS THE KETCHUP GOING?
