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Common Dreams reports:
In yet another reminder of how corporate-friendly the Trump administration has been—despite campaign pledges to defend American workers and "buy American, hire American" rhetoric—a new study out [April 25] reveals that the president continues to reward U.S. companies who ship jobs overseas.
According to the analysis (pdf), conducted by Good Jobs Nation along with Public Citizen's Global Trade Watch, "the flow of federal contract awards to major offshorers has continued unabated since Trump's inauguration."
The outsourcing of American jobs to other countries is a major issue for American voters, and helped propel President Donald Trump's victory in a number of economically distressed rust-belt states.
Despite this, as many as "56 percent of the top U.S. firms awarded the largest taxpayer-funded contracts in fiscal year (FY) 2016 engage in offshoring", the report notes. Further, 41 of the top 100 federal contractors--which in 2016 received a combined $176 billion in taxpayer dollars--have shipped jobs overseas and "many continue to do so today".
[...] "Even though he's signed over 60 executive orders during his first 100 days, he has yet to use the power of the pen to stop corporations that receive taxpayer dollars from shipping American jobs overseas", said Joseph Geevarghese, director of Good Jobs Nation.
(Score: 3, Informative) by Lagg on Wednesday April 26 2017, @07:42PM (3 children)
This doesn't surprise me in the least (I wrote about his backpeddling in my journal, and if I can spot this shit it must be obvious) but the exact numbers kind of do.
Of the top 50 awarded companies, 56% engage in offshoring. 41 of them received over $176 billion.
The top 5 companies in award amount:
Lockheed Martin Corporation $43
Boeing Company $26
General Dynamics Corporation $14
Raytheon Company $13
Northrop Grumman Corporation $11
Lockheed Martin employs 953 jobs with Boeing having 1238. But the most interesting one in terms of job count is not in the top 5:
General Electric Company $1,890,301,997 - 8736 positions
Total offshored: 58K
Mighty interesting that the biggest users of offshoring get the 176 billion but the ones who don't got 60 billion. But that might be a matter of scale more than any sort of specific incentive baked into law.
http://lagg.me [lagg.me] 🗿
(Score: 2) by LoRdTAW on Wednesday April 26 2017, @08:49PM (2 children)
Shining stars of the military industrial complex.
(Score: 3, Funny) by bob_super on Wednesday April 26 2017, @09:48PM (1 child)
People seem to be forgetting that those don't count as offshoring.
Because of their sensitive business and (gasp!) government regulations, their "offshoring" is essentially in western democracies (and the authorized kinds of Semites), not Evil Brown and Yellow People.
(Score: 0) by Anonymous Coward on Wednesday April 26 2017, @09:52PM
(and the authorized kinds of Semites)
How else do you expect them to defend the land (which god deeded them) from the evil semites who were originally living there?