Tags
FDI, foreign direct investment, Jobs, offshoring, research and development, Those Stubborn Facts
Global Corporate Research and Development Investment, Jan. 2013 – June, 2016
China: $24.2 billion
India: $13.1 billion
United States: $10.2 billion
Jobs Created by Above Investment
China: 25,700
India: 43,900
United States: 10,500
(Source: “Apple has chance to pick better R&D model in China,” by Andrew Hill, Financial Times, August 22, 2016, https://www.ft.com/content/fe00be6a-646d-11e6-8310-ecf0bddad227)
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Yep, most don’t realize this.
It is our highest paying jobs that are being sent offshore and our highest paying jobs that non-immigrant guest workers are being imported like scabs were in the union days.
I see very little low paying jobs being sent offshore or non-immigrant guest workers being imported for, unless I look at the H-2B and farming
Many thanks, Virgil, and sorry for failing to keep up with the comments section! Two other factors to consider: 1. Most of America’s labor-intensive, relatively low-wage manufacturing is long gone. 2. Almost none of the jobs in the service sector’s lower wage industries can be offshored.