Article in the Post this morning is saying that it's more than just labor that makes manufacturing jobs head overseas. Many countries offer subsidies to woo companies . The Post used the example of a LED light bulb manufacturer. This guy from Florida has innovated a new light bulb using LEDs, he's got a small factory in Florida, but is ready to really ramp up production. So he's considering where to open a big new factory. Not only is labor here more expensive in the US, but he's being offered about $4 Million in subsidies by countries like Mexico and China. They are trying to woo him, and the US is offering him pretty much nothing to stay.
09-16-2010, 07:44 AM
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