What goes around!, comes around!, wonder how long it will take these white collar workers to go from zero to anti-freetrade now that it is their arse on the line? http://investmentwatchblog.com/cheaper-goldman-sachs-is-firing-employees-in-the-us-so-it-can-hire-1000-in-singapore/
White collar jobs being outsourced!
Oh dear, a company that is trying to make profits and by doing so, it finds that it must move jobs over seas.
It turns out alot of the key drugs that are used in the USA are now made in India.
Apparently, an important antibiotic called Rocephin is actually made in Mumbai.
So, before the right wingers go closing the door to imports from Asian nations, we better make sure that the drugs are being made in the USA or NAFTA nations (at minimum) before we starting closing the gate. Otherwise, the gate we close will also shut down our ability to fight certain infections.
Yup, a chemical supplier that does business with our company has their main production facility in India. The local one only does a tiny bit of custom synthesis, bringing in maybe 10 million a year (revenue, not profit). The main branch does 500 times that, and is quite profitable. If the US lost that supplier, you could say goodbye to a number of vital chemical feedstocks. You can source them from American companies, but they are literally 500x more expensive.