If that is because they are selling more than ever across the globe, winning market share across the globe or innovating great. That is less thae case than we would like.
Unfortunately there are other reasons at play in this succes story that are not so healthy for them or for us and are going to experience a blowback at some point.
Lowest Tax Rates Ever: This is the result of playing loopholes, pitting one taxing nation against another and just benefiting from the widespread belief that if taxed less, companies will invest and hire more.
Outsourcing US Jobs: If big corporate America is making more and more money by lowering their costs by sending still more jobs overseas, I have to object at this point. Well that is the case. A recent report said small and medium sized companies added 700,000 jobs this year. The biggest, most profitable companies have added only 20,000 jobs. I feel betrayed by this. Do you?
Henry Ford back in the day, paid his men a big wage at the time, $5 a day. He did so because he believed that a mass market for Model T's required a class of people who could afford them.
Today's corporate leaders are less pragmatic or interested in the welfare of their nation.
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