Like Causes?

Install the App
TRY NOW

house Bill H.R. 3624

Should Publicly-Traded Companies Disclose Their Employees’ Locations in Annual Reports to Curb Outsourcing?

Argument in favor

Requiring publicly-traded companies to disclose their employees’ locations will give American customers and investors better information on their outsourcing practices. This transparency will allow American customers who want to buy from companies that hire American workers identify and patronize those companies.

jimK's Opinion
···
10/18/2019
Yes, this is a valuable thing to do. I disagree with the argument that a company’s primary purpose is to deliver value to it’s shareholders. I believe that a company’s primary purpose is to deliver valued products and services- and also make appropriate business decisions to do so economically. The objectives of returns to shareholders and providing valued goods/services are complementary but are not the same. If a company ‘wins’ by developing better products and services instead of using its resources to buy political favor, destroy competitors or abandon its workforce for cheaper labor- the company and the all of the rest of us benefit. The notion that a company’s primary goal is to make money is the underlying cause of the collapse of many of our once giant industry leaders and why so many ‘better’ products and services that were developed here now come to us from overseas. Company long term growth and stability is often sacrificed for this year’s profitability. Valued stakeholders, such as a skilled workforce and a valued customer base, don’t carry the same weight as the financial shareholders interested in nearer term results in many publicly traded companies. The allocation of resources offshore is a factor that should be considered in light of how this effects valued stakeholders other than just the financial markets. It isn’t that doing things outside of this country is necessarily bad but it needs to be part of the overall picture that defines what a public company is and how it does business.
Like (98)
Follow
Share
burrkitty's Opinion
···
10/18/2019
Corporations are amoral constructs and operate entirely on profit motive. Public knowledge is the key to changing consumer behaviors. Hit them in the pocketbook. That’s what matters to corporations. CORPORATIONS ARE NOT PEOPLE.
Like (39)
Follow
Share
Jeanne's Opinion
···
10/13/2019
Bring jobs BACK to the US! This "outsourcing" is just another way of cheating citizens of jobs, cheating the US out of taxes and filling corporate pockets>> Corporations should be paying TAXES>>> NO "tax breaks" for ANYONE taking jobs out of the country>> Americans have a right to know where their jobs are going and which corporations are stealing from them>>
Like (36)
Follow
Share

Argument opposed

Unfairly demonizing companies for making smart decisions that deliver value for shareholders, which is their primary responsibility, is bad for business and the economy. These disclosures wouldn’t tell the full story about why companies outsource certain jobs, and could discourage companies from going public.

JTJ's Opinion
···
10/18/2019
This is not the job of the federal government. The government can’t run its own business, much less regulate Wall Street.
Like (12)
Follow
Share
Ronald's Opinion
···
10/17/2019
Out sources is bad for companies, and Our Federal Government. This is a bad idea to end a bad idea. Free Americans, and American Companies for this sort of enslavement by regulation.
Like (8)
Follow
Share
KyleCorley's Opinion
···
10/18/2019
That is private information and can put their employees at danger due to stalkers or exes who want to hurt them.
Like (6)
Follow
Share
    Yes, this is a valuable thing to do. I disagree with the argument that a company’s primary purpose is to deliver value to it’s shareholders. I believe that a company’s primary purpose is to deliver valued products and services- and also make appropriate business decisions to do so economically. The objectives of returns to shareholders and providing valued goods/services are complementary but are not the same. If a company ‘wins’ by developing better products and services instead of using its resources to buy political favor, destroy competitors or abandon its workforce for cheaper labor- the company and the all of the rest of us benefit. The notion that a company’s primary goal is to make money is the underlying cause of the collapse of many of our once giant industry leaders and why so many ‘better’ products and services that were developed here now come to us from overseas. Company long term growth and stability is often sacrificed for this year’s profitability. Valued stakeholders, such as a skilled workforce and a valued customer base, don’t carry the same weight as the financial shareholders interested in nearer term results in many publicly traded companies. The allocation of resources offshore is a factor that should be considered in light of how this effects valued stakeholders other than just the financial markets. It isn’t that doing things outside of this country is necessarily bad but it needs to be part of the overall picture that defines what a public company is and how it does business.
    Like (98)
    Follow
    Share
    This is not the job of the federal government. The government can’t run its own business, much less regulate Wall Street.
    Like (12)
    Follow
    Share
    Corporations are amoral constructs and operate entirely on profit motive. Public knowledge is the key to changing consumer behaviors. Hit them in the pocketbook. That’s what matters to corporations. CORPORATIONS ARE NOT PEOPLE.
    Like (39)
    Follow
    Share
    Bring jobs BACK to the US! This "outsourcing" is just another way of cheating citizens of jobs, cheating the US out of taxes and filling corporate pockets>> Corporations should be paying TAXES>>> NO "tax breaks" for ANYONE taking jobs out of the country>> Americans have a right to know where their jobs are going and which corporations are stealing from them>>
    Like (36)
    Follow
    Share
    I don’t know anyone who isn’t aggravated when a customer service rep doesn’t understand what you say because English isn’t their native tongue! It’s a pain to have to explain what you said because the listener doesn’t “understand” English; knowing how to pronounce a word does not mean you understand what it means!
    Like (12)
    Follow
    Share
    Haven't heard a good argument against transparency yet.
    Like (11)
    Follow
    Share
    Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration.” A Lincoln
    Like (11)
    Follow
    Share
    The opposing argument is in the same vein as trickle down economics which has been proven to be a fallacy. We need corporations to be accountable for their business practices and this bill would assist in doing that. Let's stop pandering to big business and those in the corporate elite at the expense of everyone else.
    Like (11)
    Follow
    Share
    Companies are firing employees and outsourcing the jobs, therefore, they do not have to pay dental, hospitalization or retirement. The company they outsource to will hire part time workers, therefore, they don't have to pay dental, hospitalization or retirement. Notice a pattern?
    Like (10)
    Follow
    Share
    Why not? The public deserves to know where a company’s employers are from, especially if the company is publicly traded.
    Like (9)
    Follow
    Share
    We give all these big business the free ride and they take advantage of every loophole they can of course they should make public that there pretending to have employees here when they don’t it’s time to make them show if they are true Americans!
    Like (8)
    Follow
    Share
    If they trade as a public company open the door and show every thing so a buy knows what he is getting
    Like (8)
    Follow
    Share
    Out sources is bad for companies, and Our Federal Government. This is a bad idea to end a bad idea. Free Americans, and American Companies for this sort of enslavement by regulation.
    Like (8)
    Follow
    Share
    I am increasing not using companies that outsource jobs. I want complete transparency. I don’t care about shareholder profits.
    Like (7)
    Follow
    Share
    YES, absolutely!!! If a business wants to sell or operate in the U.S. market, U.S. consumers should have the right to know how many, if any, of the employees actually work (and therefore spend) in the United States. I don’t want to give my money to companies that sell out the American economy.
    Like (6)
    Follow
    Share
    That is private information and can put their employees at danger due to stalkers or exes who want to hurt them.
    Like (6)
    Follow
    Share
    Sure Why not? As long as the White House and staff break the law on a daily basis without consequences not sure how we plan to enforce anything
    Like (6)
    Follow
    Share
    We should know if companies have jobs in other countries.
    Like (5)
    Follow
    Share
    I’m a shareholder. I’m a retired person of a monster corporation. Why is transparency ever a bad thing? Isn’t this the American Way? Shouldn’t this be how Capitalism behaves in a democracy?
    Like (5)
    Follow
    Share
    Companies who want to share this information can and should, and those who choose not to should also have that choice. Let the market decide how valuable transparency and nationalism are without resorting to coercion.
    Like (5)
    Follow
    Share
    MORE