Foxconn announces new factory in Wisconsin, 13k direct jobs/$10B investment

[Pressure]

That pay seems really high compared to what they pay their Asian employees. I wonder how much of this plant will be automated and run by "supervisors" making 53k.

Until Democrsts say nobody will work for 50k a year

States paying them 3billion dollars. It will be interesting to see how it shifts after they stop getting those incentives.

 

[ill]

States paying them 3billion dollars. It will be interesting to see how it shifts after they stop getting those incentives.

Agreed. At least the infrastructure investment, which I'm assuming to be in the billions, will have to stay here so its a disincentive for Foxconn to leave right after the tax rebates are up.

 

[88m3]

Agreed. At least the infrastructure investment, which I'm assuming to be in the billions, will have to stay here so its a disincentive for Foxconn to leave right after the tax rebates are up.

Hopefully they can afford to put nets on the building to catch jumpers.

 

[ill]

Hopefully they can afford to put nets on the building to catch jumpers.

Wrong country. OSHA not approved.

 

[Jhoon]

Ask Harrisburg Pennsylvania what Foxconn's promises are worth....

How Foxconn’s broken pledges in Pennsylvania cast doubt on Trump’s jobs plan

 

[☑︎#VoteDemocrat]

it's gonna be really tough for Dems to take back the rustbelt if things like this keep happening

you mean symbolic little hand me downs like this?

 

[Don Homer]

you mean symbolic little hand me downs like this?

sure. it depends on how Trump spins it when he does the rallies. He will play it up, and the thing is, it has enough truth to it, so the people will believe it.

 

[88m3]

ThinkProgress
30 mins ·
This new plant had nothing to do with him.


Every citizen of Wisconsin is paying $519 so Trump could have this press conference
The president is taking credit for a massive taxpayer giveaway to Foxconn.
THINKPROGRESS.ORG


What a deal

 

[DonFrancisco]

Some notes

- Average salary of the jobs is around $53K plus benefits.
- 3,000 jobs at first and will increase over time
- In addition to the direct 13,000 jobs, its estimated it will also create 22,000 incidental jobs
- 10,000 temporary construction jobs will also be created from this
- Government (local, state and federal combined) tax incentives total between $1-3B over time
- Foxconn private investment around $10B over time

Some political notes:

- The factory is within Paul Ryan's congressional district
- The factory is within a swing state Trump won narrowly, and will presumably push for again in 2020

Apple will bring jobs back to the US for end electronics and future projects like a true Apple TV. From what I know, no jobs or factories will be lost in Asia. I think this a political move but this probably part of Apples long term plans. Apple and Foxconn just don't magically redesign their production and move their supply-chain from Asia to the US. It isn't as easy as Trump makes it sound.

 

[GnauzBookOfRhymes]

Exclusive: Foxconn reconsidering plans to make LCD panels at Wisconsin plant | Reuters



This time next year it’s gonna be the largest nail shop and hair distribution warehouse in the world.

 

[ORDER_66]

Exclusive: Foxconn reconsidering plans to make LCD panels at Wisconsin plant | Reuters

its been 2 years of this bullshyt, either shyt or get off the pot...

 

[the cac mamba]

embarrassing

 

[ExodusNirvana]

Believe Donald Trump, brehs

 

[88m3]

Are they still getting the tax breaks? What a scandal

 

[Supercoolmayo]

So dod they take the money and leave?