Research shows the foreign-owned firms in the United States employ 4.5% of the work force and account for 5.7% of output, 19% of US exports, 13% of research-and-development spending, and 19% of all US investment in plant and equipment.
These firms also pay more than 30% higher compensation (wages and benefits) on average than do their counterparts in the rest of the US economy. And 30% of these jobs are in manufacturing, compared with fewer than 10% of all US jobs (source: Foreign Affairs).
In other words, foreign investment has contributed to improving our overall productivity and thus to rising US living standards.
The biggest threat to us is protectionism.
More, much more on https://www.peterdag.com/.
George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
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