"I Don't Mind A Parasite. I Object To A Cut-Rate One."
The term "outsourcing" has been in the news quite a bit lately, but there are some U.S. companies who do a lot of "investing" right here at home. A recent article from Yahoo!Finance by Matt Nesto lists the top 25 non-financial companies "that spent the most money in 2011 investing domestically on things like new plants, new technology, and new equipment." As pointed out in the article:
""The role of investment in the economy is essential," says Diana Carew, an economist at the Progressive Policy Institute and co-author of the report. "It creates jobs. It boosts wages. It boosts productivity. It stimulates growth. It affects millions of Americans in a very positive way.""
The list includes companies such as General Electric; AT&T, Verizon, Time Warner Cable, Sprint Nextel, and Comcast; Wal-Mart and Target; Ford, Chrysler, and General Motors; Intel, Google, IBM, and Apple; as well as energy producers/distributers Southern Company and Exelon.
So while "outsourcing" may be the dreaded buzz-word of today, there are quite a few companies who are doing their part to create jobs and help the economy right here at home. That's not to say that they don't have investment and other interests overseas, but they are still key contributors to the economy on which all Americans rely.
That's something to think about when you spend your hard-earned dollars.
Blog has been viewed (561) times.