Intel Starts Building Vietnam Plant

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Hot on the heels of yesterday’s processor news, Intel has started construction on its $1 billion dollar testing plant in Vietnam.

The 500,000-square-foot facility was first announced in November. Construction, which started Wednesday, is expected to end by mid-2009. When operational, the facility is expected to employ 4,000 people, said Rick Howarth, general manager of Intel Products Vietnam.
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They should stop giving tax breaks and benefits to companies who does this. We give them huge breaks for them to go to a country that still lives oppressed and give the jobs away to cheap labor and exploit that labour.... and it makes it even worse when the said laborers can't even afford the product they are making or have no need for it.

We have a lot of people here who could use those jobs.
 
Ockie said:
They should stop giving tax breaks and benefits to companies who does this. We give them huge breaks for them to go to a country that still lives oppressed and give the jobs away to cheap labor and exploit that labour.... and it makes it even worse when the said laborers can't even afford the product they are making or have no need for it.

We have a lot of people here who could use those jobs.
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Congress is considering several laws that would have an impact on offshoring
Defending American Jobs act
U.S. Workers Protection Act
USA Jobs Protection Act
Jobs for America Act
Trade Adjustment Assistance Act (1974) extension to services

Possible effects:
-End corporate tax structure favoring offshoring
-Require a 3 month layoff notice if offshoring
-Require informing customers where work is processed
-Ban sending private information overseas
-Eliminate corporate tax deductions for expenses of offshoring jobs
-Bar federal loans, grants, or contracts, to a firm if it lays off more U.S. than non-U.S. workers and
-Bar federal contract to offshore locations unless previous activities were performed offshore

At the same time we need to understand that over 84% of our GDP is coming from Services. We have been moving away from manufacturing. Following an economic progression that started with agrarian, industrial, now at service, and some say the future will be the experience economy. And even though a majority of our GDP is coming from services the amount of our GDP comprised from the manufacturing sector is roughly equal China’s entire GDP.

These “taken advantage of” nations are following the economic path as well and moving from agrarian to industrial. Hell, even China is outsourcing/offshoring manufacturing to Sri Lanka and Vietnam. A worker in china gets paid roughly $100 a month where as workers in Southeast Asia get $80or less a month.
 
I also dislike the idea that Intel isn't going to build another plant in the US. The reasons to have it in like overseas, cheap labor, not having to put up with unions in the US that don't do anything, but just want the paycheck w/o working for it.

And if they pass those bills regulating offshoring of jobs, the companies will still do the outsourcing under the table w/o the government knowing anything about it.

If you think the US is the only country suffering with workers that want jobs, quess again. Taiwan is getting the same treatment, jobs being outsourced the china or other parts of Europe for better and cheaper labor. I have 2 cousins that got homesick and moved back to Taiwan after living with us for about 1 year. They both got their green cards legally, took them 21 years to do so, so it takes along time to get one, and the piles of paperwork to do so. But once they moved back home to live with the rest of the family, they were parents and kids was working back home.

Now they have been back in 5 years, cannot find a job, and because they have no retirement, no social security checks, We have to send money overseas to support them. Back there if you are over a certain ago, all companies will not hire you.
The kids are now trying to find a way to get to the US to get jobs because they ain't going to be in Taiwan much longer.

Sorry if they may come off as a rant, but the full truth, companies should quit the outsourcing of work.
 
Silentbob343 said:
Congress is considering several laws that would have an impact on offshoring
Defending American Jobs act
U.S. Workers Protection Act
USA Jobs Protection Act
Jobs for America Act
Trade Adjustment Assistance Act (1974) extension to services

Possible effects:
-End corporate tax structure favoring offshoring
-Require a 3 month layoff notice if offshoring
-Require informing customers where work is processed
-Ban sending private information overseas
-Eliminate corporate tax deductions for expenses of offshoring jobs
-Bar federal loans, grants, or contracts, to a firm if it lays off more U.S. than non-U.S. workers and
-Bar federal contract to offshore locations unless previous activities were performed offshore

At the same time we need to understand that over 84% of our GDP is coming from Services. We have been moving away from manufacturing. Following an economic progression that started with agrarian, industrial, now at service, and some say the future will be the experience economy. And even though a majority of our GDP is coming from services the amount of our GDP comprised from the manufacturing sector is roughly equal China’s entire GDP.

These “taken advantage of” nations are following the economic path as well and moving from agrarian to industrial. Hell, even China is outsourcing/offshoring manufacturing to Sri Lanka and Vietnam. A worker in china gets paid roughly $100 a month where as workers in Southeast Asia get $80or less a month.
Click to expand...


This is great news.
 
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