From the vantage point of the malfunctioning media, when it comes to President-elect Donald Trump, all news is bad news. Warn the warped minds of mass media: “Alibaba’s promise to Trump of 1 million jobs” is not to be believed.
Well of course.
Don’t be fooled by the latest billionaire meeting at Trump Tower claiming to have made “great” progress in American job creation: Alibaba won’t create 1 million jobs in the U.S. as promised, at least not directly. On Monday, Alibaba BABA, +0.88% Chief Executive Jack Ma became the latest CEO to tout job creation after a 40-minute meeting with Trump in the newly-minted politician’s gold-plated tower. There’s no better music to President-elect Donald Trump’s ears than pledges from CEOs to keep jobs in the U.S. or to create new ones. Trump ran much of his campaign on ensuring U.S. jobs are kept away from foreigners and aren’t outsourced to other countries, and he’s gone through great, highly-publicized lengths to prove his election is the reason why jobs are coming to or staying in America.
However, Ma’s assertion that he’s going to create a million new jobs in the U.S. by helping small businesses sell products and services to China is a stretch. The Chinese e-commerce giant is merely upping its own investments to appeal to U.S. small businesses, providing them with incentives, such as user data and logistics capabilities, in hopes that more American brands will sell items on its e-commerce sites. The increased demand on those U.S. goods from the Chinese middle class will prompt, it hopes, increased hiring as U.S. brands expand to meet the heightened demand. …
One thing’s for sure: Jack Ma of Alibaba is more believable and credible than American media. Just about anyone is.