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Foxconn to Build $10B Factory in U.S

137 pointsby dcgudemanalmost 8 years ago

13 comments

ty_aalmost 8 years ago
$3 billion in subsidies for 3,000 jobs.<p><a href="http:&#x2F;&#x2F;www.jsonline.com&#x2F;story&#x2F;news&#x2F;2017&#x2F;07&#x2F;26&#x2F;scott-walker-heads-d-c-trump-prepares-wisconsin-foxconn-announcement&#x2F;512077001&#x2F;" rel="nofollow">http:&#x2F;&#x2F;www.jsonline.com&#x2F;story&#x2F;news&#x2F;2017&#x2F;07&#x2F;26&#x2F;scott-walker-h...</a>
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WheelsAtLargealmost 8 years ago
I find it hard to believe that they won&#x27;t automate it to the max. They&#x27;ve started to do it in china, why wouldn&#x27;t they do it here where labor is more expensive and the factory is brand new. Foxconn has been manufacturing for a long time and they are looking to reduce costs not increase them by building in the US. Automation is the best way. I bet the jobs are not long term.<p>Some jobs are better than none but don&#x27;t pat your back with congratulations.
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WheelsAtLargealmost 8 years ago
This reminds me of the 1B apple datacenter announcement in 2011 that ultimately created 50 jobs. Reality sux.<p><a href="http:&#x2F;&#x2F;www.businessinsider.com&#x2F;apple-new-data-center-north-carolina-created-50-jobs-2011-11" rel="nofollow">http:&#x2F;&#x2F;www.businessinsider.com&#x2F;apple-new-data-center-north-c...</a>
__x0x__almost 8 years ago
From a Reuters article: &quot;In 2013, Foxconn said it would invest $30 million and hire 500 workers for a new factory in Pennsylvania, but that facility was never completed.&quot; So I wouldn&#x27;t hold my breath.
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Animatsalmost 8 years ago
What, 13,000 factory workers? Foxconn isn&#x27;t going to use mostly robots? Gou has said he wants to get rid of the &quot;animals&quot; in his plants.
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ArlenBalesalmost 8 years ago
Are the majority of these 13,000 jobs likely to be minimum wage?
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bogomipzalmost 8 years ago
&gt;&quot;This is a great day for American workers and manufacturers and everyone who believes in the concept and the label &#x27;Made in the USA,&#x27; &quot; said an ebullient President Donald Trump at the White House announcement.&quot;<p>Why is this great for American manufacturers exactly? I&#x27;m guessing Trump doesn&#x27;t know that Foxconn is a Taiwanese company? That sounds about right.
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truthhurtstossalmost 8 years ago
That&#x27;s a one time cost.<p>Sounds reasonable when you compare it to California spending $21 Billion each year to subsidize 3 million people.
dmodealmost 8 years ago
This is a giant photo op good will by Foxconn. Just like the Carrier announcement. My bet is that there won&#x27;t be any factory, and even if there is it would be a small outpost employing a handful of people. All financed by giant taxpayer subsidies
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bytefederal-ceoalmost 8 years ago
The subsidy turns lost tax revenue (taxes == slavery) into jobs for US citizens. Please explain how this is a bad thing?
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cjnichollsalmost 8 years ago
without paywall: <a href="http:&#x2F;&#x2F;archive.is&#x2F;SiGPl" rel="nofollow">http:&#x2F;&#x2F;archive.is&#x2F;SiGPl</a>
timavralmost 8 years ago
Apparently US labor is cheaper then Chinese.<p>Wow!
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dingdongdingalmost 8 years ago
This will be in Paul Ryan&#x27;s district. Fishy enough?
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