Gg Designs, LLC

Description

Yet, the government is still negotiating trade deals as if the national interest were synonymous with that of business firms headquartered in the US. It has, for instance, made a priority of strengthening protection of intellectual-property rights because "US" companies, such as pharmaceutical manufacturers or Hollywood film producers, sell products in other countries whose commercial value depends on enforcing patent or copyright laws.

The free-trade agenda is inappropriate for today's world economy because the businesses which produce for trade are no longer so closely identified with particular communities. More than one third of world trade is intra-company trade. Between 50% and 70% of trade between Mexico and the United States is of this sort. Intra-company trade, which is trade between different facilities belonging to the same company, means that the corporation is operating in at least two different countries and, therefore, cannot identify exclusively with either one.

3. Some labor consists of applying knowledge to an operation. Suppose that in an office building an electrical short causes the lights to fail. The office manager calls an electrician. After arriving at the office building, the electrician checks certain parts of the circuit and then makes a simple repair. The lights go back on.

I did not realize this until a friend told me that the Obamacare law requires businesses employing 50 or more workers to provide health-care coverage if these employees average 30 or more hours a week. (See 26 USC § 4980 H.) A fine is imposed if the employer fails to provide such coverage. This is an incentive for employers to reduce working hours in order to avoid the cost of the coverage or the cost of the fines.

One who grasped those relationships was the automobile manufacturer, Henry Ford. First, he mastered the phase of production in designing a superior product and building it cheaply on the assembly line. Mass production brought the per-unit cost of an automobile down to the point that the average person could afford to buy one. Second, Henry Ford made sure that his own employees were adequately rewarded. In 1914, he unilaterally introduced the $5-a-day minimum wage for an eight-hour day. In 1926, his factories switched from a six-day to a five-day work week.

Products & services

Similar companies nearby