U.S. Lags Behind


lmost half (48%) of the top executives of U.S.-based multinationals said the country lost ground during the past five years in terms of its economic competitiveness with other countries and in educating its people to meet global business challenges (46%). Contributing to the United States’ poor showing were the heavy cost of worker health care and pensions (65%), the lag in manufacturing efficiency (38%) and the lack of available skilled workers (30%).

Many of the executives said their own companies or industries in particular were negatively affected by increased government regulation (63%), manufacturing’s shift to low-wage countries (51%), the availability of lower-priced goods from abroad (44%) and the greater education and skill levels of workers in other countries (42%).

Only 24% of the corporate leaders, however, pointed to underlying economic factors, such as the U.S. budget deficit and increased U.S. indebtedness to Far Eastern countries, as being responsible for setbacks in their companies or industries.

Source: “Management Barometer,” PricewaterhouseCoopers, www.barometersurveys.com , 2006.

SPONSORED REPORT

How to make the most of a negotiation

Negotiators are made, not born. In this sponsored report, we cover strategies and tactics to help you head into 2017 ready to take on business deals, salary discussions and more.

VIDEO

Will the Affordable Care Act be repealed?

The results of the 2016 presidential election are likely to have a big impact on federal tax policy in the coming years. Eddie Adkins, CPA, a partner in the Washington National Tax Office at Grant Thornton, discusses what parts of the ACA might survive the repeal of most of the law.

QUIZ

News quiz: Scam email plagues tax professionals—again

Even as the IRS reported on success in reducing tax return identity theft in the 2016 season, the Service also warned tax professionals about yet another email phishing scam. See how much you know about recent news with this short quiz.