Why are Americans entitled to those jobs? If there are people in other countries happily willing to accept 1/10 of the pay do to the same work, why is it morally wrong deny them those jobs?
I don't think anyone believes they're entitled to them.
However, in my opinion, if these companies want to continue to enjoy preferable tax treatment and the deregulated environment the US provides them, then they should be expected to hire people in the US to drive the US economy.
If they're not going to do that, then we (meaning the Government both state and federal) should stop incentivizing them. Why would we give government contracts to a company that's offshoring jobs? Why would we give them tax breaks? Why would we leave their markets largely unregulated?
The US Government should incentivize and support companies that are providing value residents of the US. As these companies move to offshoring (and other similar policies), they become economically extractive and the government should no longer support and enable such behavior.
And at that point they simply... shift the bulk of their operations somewhere that still gives incentives, and maybe just leave a lightly-staffed satellite office in the US.
That's great. They should do that then. They're not providing value to the US economy at that point. They're purely extracting value from it. They should leave.
Of course, in reality, they never actually leave because the vast majority of their profits is from the American economy.
I think the logic goes something like...in a democracy, government policies should reflect the will of the people. The majority of the people are against exporting jobs overseas when the economy at home is not doing well, especially when the people that control the hiring are becoming obscenely wealthy at the cost of impoverishing the workers.
Who else first? Doesn't every democratic countries populace broadly attempt to vote in their own interests? Was there ever a pretext that they shouldn't?
There’s a lot you can do to directly help other countries that indirectly helps your own country. Creating a rules based system (vs a “might makes right” system) means the powerful don’t just get to take everyone shit, but it does mean everyone gets an opportunity to prosper.
Allowing US companies to find talent abroad means those companies can deliver better products and makes competition more viable (ie lowers prices for consumers). If we only care about “jobs” and the size of paychecks, then protectionism is the way to go. But if we actually want to provide broad based prosperity (especially for our own citizenry), then you should not protect a small subset of high paid workers.
Why should American voters be expected to vote in India's interests? Cheaper shit isn't good enough, not least because that derives from the premise that companies pass savings on to consumers.
Companies don’t pass savings to consumers, competition does.
Why should American voters pay more for everything so that SWEs can be paid exorbitantly?
I shouldn’t need to explain to you why protectionism is bad. There’s 200 years of economic research on this and it shows that protectionism always backfires.
Things become a great deal more complicated when you consider the US is not the only country on earth, and the vast majority of countries do not have the well-being of their population at heart.
The extreme cases are well known. But let's just give the statistic: the average global wage is $24000 in PPP, according to the UN. In other words, such a global system will be on average a 75% pay cut for US workers.
By the way, that's a PPP paycut, in other words a paycut without anything getting 1 cent cheaper. Not your housing. Not your food. Not your playstation. Not your cost of living. We'll be back to deciding which day in the month we'll have a little bit of meat.
The scary thing if you've ever been there is that India actually cares more than most countries for it's people.
And the truly terrifying thing is that income is distributed along a power law. In other words, it'd be a 50% pay cut for Donald Trump and a 90% pay cut for you and me.
However, in my opinion, if these companies want to continue to enjoy preferable tax treatment and the deregulated environment the US provides them, then they should be expected to hire people in the US to drive the US economy.
If they're not going to do that, then we (meaning the Government both state and federal) should stop incentivizing them. Why would we give government contracts to a company that's offshoring jobs? Why would we give them tax breaks? Why would we leave their markets largely unregulated?
The US Government should incentivize and support companies that are providing value residents of the US. As these companies move to offshoring (and other similar policies), they become economically extractive and the government should no longer support and enable such behavior.