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	Name:	MartiniMan -
	Subject:	Priority, Health care or Jobs?
	Date:	2/28/2010 9:12:34 AM

A friend of mine has a small business that makes crowns. Between being squeezed by the greedy dentists who don't ever drop their prices and are slow to pay and the cost of labor (wages, benefits, regulatory compliance,etc. he was losing money. Then he discovered a large lab in China that could make high quality crowns for a fraction of the cost. He has fired all his employees except sales and administration. Does all the QA/QC himself. He has gone from losing money on $100K per month in sales to making $80K per month profit and his sales are up because the time he was spending dealing with employee issues is now spent marketing.

How can we tell a U.S. businessman like him that he has to lose money by hiring here when he can make a profit sending the work to China? It is just out of whack in this country like it is in Europe with regard to the overall cost of a single employee. BTW, he has a lab in Ireland as well and when he did the same thing he ended up having to pay his employees for almost a year to get rid of them. As soon as his lab manager can get into the U.S. he will close that lab altogether. Until then he sells in Ireland and ships the cases to China to be made and is making money. Sad but true which is why 10% unemployment is considered full employment in Europe and unless we make a serious midterm correction in the U.S. we will be in the same boat.

Other messages in this thread:

View Entire Thread

Priority, Health care or Jobs? - lotowner - 2/28/2010 7:46:11 AM

Priority, Health care or Jobs? - MartiniMan - 2/28/2010 9:12:34 AM

Priority, Health care or Jobs? - GoneFishin - 2/28/2010 9:48:13 AM

Martini - GoneFishin - 2/28/2010 10:13:25 AM

Martini - MartiniMan - 3/1/2010 11:41:07 PM

Priority, Health care or Jobs? - Talullahhound - 2/28/2010 10:33:41 AM

Priority, Health care or Jobs? - MartiniMan - 3/1/2010 11:48:13 PM

Hey Martini - GoneFishin - 3/2/2010 8:23:41 PM

Hey Martini - MartiniMan - 3/3/2010 9:11:39 PM

Hey Martini - MAJ USA RET - 3/5/2010 9:32:13 AM

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