But, you know, at least they weren’t Green Jobs…Yet…From Boston.com :
General Electric Co.’s health care unit, the world’s biggest maker of medical imaging machines, is moving the headquarters of its 115-year-old X-ray business to Beijing.
The headquarters will move from Wisconsin amid a broader plan to invest about $2 billion across China, including opening six “customer innovation’’ and development centers.
The X-ray business, whose financial results aren’t reported separately by GE, will hire 65 new engineers and support staff at a new Chengdu facility, the company said. GE has hired “a large number’’ of engineers who are in training, LeGrand said. GE, based in Fairfield, Conn., also has a global research center in Shanghai.
If you recall, GE’s CEO, Jeff Immelt, is the Chairman of President Obama’s Job Council; a group committed to creating new jobs. But who knew they were talking about creating jobs overseas? Especially considering all of the Sturm-und-Drang one hears about “outsourcing jobs” coming from “Big Labor“, one of Obama’s vital constituencies, and indeed from the entire progressive left in general whenever the opportunity presents itself.
Look. I’ve been a free-trading free-market guy all my life; in my opinion any business can do business wherever they’d like. But really, above and beyond the irony of this story and its concomitant sweet, sweet, schadenfreude there are more important points to be made here.
First and foremost, Americans will not be getting these jobs. Good Jobs. High-tech, high paying jobs. The ones the transnational globalists always said we’d retain here, so it was OK to shop all of those nasty ol’ smokestack industry jobs to the developing nations. And what should be important to the DC politicians is that now they’ll be missing out on the tax revenue from these jobs and the associated supply chain activity. But wait, there’s more.
See, what most people don’t realize are the details of the Faustian bargain that must be made by any US businesses that wants to set up shop in China. In most cases they have to cede 51% of the ownership to a Chinese partner, so Hello, GE shareholders-any objections to this? But far worse is that they have to agree to transfer both the device’s operating technology and the expertise associated with manufacturing it to China as well; in other words they’re not allowed to just ship the parts there to be assembled, and import tech’s to service the units sold.
And really it’s the technology transfer, both electronic as well as industrial process related, the Chinese crave. That way they can be saved the taxing step of actually buying enough units to successfully reverse engineer the device, and associated process, themselves; just ask the Russians about the SU-27 and SU-33 military aircraft. For a while the Chinese built them under Ukrainian license, (which the Russians protested-they knew better), for a while, and then they simply stopped paying the license fee, renamed the airplanes, and that was all there is to that.
People may think this imaging technology to be a benign transfer at best; which, Bill Clinton thought the same about missile guidance technology transfer to China in the 90s. We can see today how that’s worked out for us…
The same technology that allows for the 3-d imaging of babies in the womb, on a different scale, has applications underwater, which is all I’m going to say about that…
The Chinese are our “frienemies” at best. Their aggressive, mercantilistic, monetary policies have cost Americans untold numbers of jobs. We are indirectly paying for their defense expansion and modernization via our monthly trade deficit with them, which most months is equal in magnitude to the amount of money we send overseas to pay people who hate us for oil (we could be producing here). It’s bad enough we’re paying for their military build-up. Let’s not give them technology that may be useful in doing so to boot!
What do you think, kind reader?