please click on this link & read the whole story which comes from newsmax<><><>
6. Foreign Firms Investing in ‘Right to Work’ U.S. South
Foreign companies are increasing their industrial investment in the United States and concentrating their growth in the Southern states due to their “most hospitable business climates,” according to a new report.
Industrial investment by overseas firms in America rose $30 billion between 2009 and 2010 alone, much of it concentrated in the chemical and automotive industries.
“It is heavily focused on the southeastern states and Texas,” according to Joel Kotkin, executive editor of NewGeography.com and a contributing editor to the City Journal in New York. He cites a study showing that the five states with the best business climates and 10 of the top 12 are from the old Confederacy.
He also notes that foreign companies generally invest in those “right to work” states to avoid troubles with unionized workers.
The largest Mercedes plant in the United States is in Tuscaloosa, Ala., and last year the German company invested $350 million in the plant.
German automaker Volkswagen announced it will build a new assembly plant in Chattanooga, Tenn. Nissan, Toyota, and Kia have also announced major new plant openings or expansions in the South.
The average cost of building these facilities is over $1 billion, and they bring not only higher-paying jobs at the auto plants, but also employment at parts suppliers and other related industries. For instance, Germany’s Thyssen Krupp has invested $4.6 billion in the steel industry in Alabama, reports Kotkin, whose article originally appeared in Forbes.com.
He writes that managers in foreign firms believe Southern workers “have not picked up the bad habits and work rules common among their unionized Midwestern brethren.”
Only 7,100 auto workers in Alabama are unionized, and less than five percent of workers in Texas, Georgia, South Carolina, North Carolina, and Virginia belong to a union.
And according to the U.S. Department of Commerce, foreign industrial firms are far less likely to impose layoffs on their workforce than their domestic competitors.
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this is further proof that obama & his merry band of idiots really don't know how to get us out of this economic mess but, they'll take credit for any of the positives. in fact, they support unionized labor & have gone out of their way to 'bail' them out at every opportunity that presents itself, & then, they tell you that they are "too big to fail".
if obama had of focused on helping any of the states become 'work friendly' we would be very close to being out of this mess....facts are facts<><><><><>
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