On September 23, Senator Chuck Schumer proposed legislation that would provide tax incentives to companies that bring jobs back to the United States which have been previously outsourced. According to Schumer (Dem-NY), "Manufacturing jobs have left New York at an astounding rate for places that have no work rules, no environmental rules and no wages rules. It's time to level the playing field."This seems to be a long standing issue with the Harvard educated politician that is known for his loyalty to local needs of his constituents almost as much as he is known for his love of the spotlight. And no one would disagree that he has a passion for job creation . Interestingly, Schumer was loudly outspoken against Adidas last year when they announced they were terminating their contract with New York based American Classic Outfitters. Such a move was in line with the company's supply chain consolidation as they revealed plans to outsource the production of NBA jerseys overseas.
Whether or not yesterday's proposed legislation will find an approved and permanent place among tax incentives for businesses is yet to be seen. It is expected to be considered by the Senate as soon as next week.
Sample Test Question: Task 1-E-1
Advantages to international sourcing can include ALL of the following:
A) Higher quality, lower prices, wider range of goods, greater competition
B) Higher quality, lower prices, wider range of goods, same modes of communication
C) Applicable laws, lower prices, wider range of goods, greater competition
D) Payment processes, lower prices, wider range of goods, greater competition
2 comments:
The answer is option A)
Easy communication (given in Option B); Applicable laws (given in Option C)are easier to deal with; and simpler Payment process (given in Option D)are all advantageous of domestic sourcing.
Satyam,
You are correct. Communication, applicable laws, and payment processes have the potential to add a degree of complication to international sourcing.
However, the potential for higher quality, lower prices, wider range of goods and services and greater competition are all possible advantages to international sourcing.
Debbie
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