Current GOP Talking point: We must engage in some type of tax reform favorable to business, so that our cities and states can compete to keep companies here.
While total hourly compensation costs for manufacturing workersincreased more rapidly in China than in the United Statesbetween 2002 and 2004, hourly compensation per employee in China 3 percent of the level in the United States-BLS
That's not a typo. (Yes, I know the situation is dynamic...).
On wage differentials that big, quibbling over the corporate tax rate is meaningless! It's a put-up. Unfortunately, I heard a liberal talking-point person parroting the myth.
El-Hillow [CEO Evergreen Solar] says manufacturers in China have received massive government grants and loans to inexpensively ramp up production while keeping costs down.