Friday, June 16, 2017

UPDATE. Dear Foxconn, What happened to those other 45,000 jobs?


Or is it 25,000?

Illustration from Pinterest

Reported in Is Michigan losing Foxconn to Wisconsin?   (Crain's Detroit Business, 6/14/2017)


Original 6/15 /2017 post, "The Foxconn timeline", starts here.

2016
Related image

After a meeting with President-elect Donald Trump, Masayoshi Son, founder and CEO of Softbank, a mobile telecom and investment firm, suggested Foxconn could create 50,000 jobs in the U.S.



On January 23, 2017, Forbes reports:
Over the weekend, Foxconn's billionaire chairman, Terry Gou, filled in some of the gaps in the plan. 
He told reporters that the plan to build a plant for displays was still very tentative, but if it went ahead the investment would exceed $7 billion and could create 30,000 to 50,000 jobs, according to news reports.  
Gou singled out Pennsylvania as a possible location, adding that the investment would depend on Foxconn being able to negotiate good rates for land and power.

Thursday, June 15, 2017

The usual case of states giving away the store for jobs.  [Michigan Governor Rick] Snyder, a Republican, has been increasing pressure on Michigan lawmakers to approve tax incentives for large-scale business expansions in the state as it tries to convince Foxconn to locate in his state.  

Michigan’s Senate Majority Leader Arlan Meekhof said this week in advocating for the incentives to lure Foxconn that “we should put our best foot forward so that we don’t lose all of it or part of it to a neighboring state.” 

Wisconsin state Rep. Joel Kleefisch, R-Oconomowoc, said Wednesday he would “jump at the chance” to work with the Walker administration to pass any economic development incentives deemed necessary to land the Foxconn plant.

The governor of Pennsylvania is a Democrat.

Salary information from Indeed.


Working a 40-hour week, an assembler would earn $19,427.20 annually.  For a family of 3, that's $992.80 below the federal poverty guideline.  Not a living wage.

And not nearly enough of an hourly wage to afford the fair-market rate for a two-bedroom apartment.

Source:  Washington Post, 6/8/2017


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