Tuesday, May 31, 2011

Industrial Recruiting

When a woman has an affair with a married man, and finally convinces him to leave his wife and marry her, she never realizes that when she becomes the new wife, he will eventually cheat on her. "But he loves me. He never loved her." Adultery is rarely based on finding someone you love more. It is based on an illness or character flaw.

As a community leader, you might think you are so attractive with your low wages and educated work force that convincing a corporation to love you more than the current host community is a great idea. But eventually you will be the old wife, and another community with lower wages will woo them away again. Your town will be ex-wife #2. Or #3.

Every professional in the economic development realm seems to now agree that any effort spent recruiting factories to your community is a waste. 

Further, other problems exist with choosing the future of your local economy by 

How can you choose which industry is best suited for your region?
How can you decide which industry will be best situated for coming macro-economic changes?
How can you use taxpayer money to bribe corporations to relocate?

If recruiting factories is dumb, then trying to recruit a low-wage call-center operation is even dumber.  

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