Foxconn Reportedly Nearing Decision to Invest in Display Factory in Wisconsin

[ronntaylor]

Both of you couldn't be more wrong.

As someone who lives in Upstate NY, where GlobalFoundries recently built a similarly priced $7 billion fab (and growing) that is used to make processors, I can assure you that fabs of this scale create and maintain thousands of jobs.

It's a huge boost and capital injection into the local economy.

Of that 10,000, half of that is easily administrative and 'in-house' employees. The other half are local labor unions, speciality maintenance contracts, etc. It takes a lot of work to run a fab.

I recall NYS being in the running for this factory in that area until a corruption scandal derailed it. Whether it is long-term or short-term, there will be more jobs involved than existed before. Not to mention the spur to the local economy.

 

[AZ63]

Someone did some investigative reporting on this back during one of the stimulus packages. I'm going on memory here but I seem to recall there being a GAP method of calculating how many "jobs" are generated but that real world surveys found they yielded far smaller actual results. In most cases the various support positions already existed and no new hiring took place. Existing resource just had a temporary productivity increase.

Again, I am not arguing that some huge number of jobs will be created. But the additional Jobs that are temporary and the permenent jobs created benefit the community and the nation as a whole is undeniable. Clearly it is better to have it in the US than not, wouldn't you agree?

 

[marvin_h]

Wisconsin pays $3billion for 3000 jobs: https://www.nytimes.com/2017/07/27/business/wisconsin-foxconn-tax-subsidies.html?_r=0. Is only $1m in lost taxes for each job?

 

[Michaelgtrusa]

I'd rather see an American company make these as we did when Taiwan was still all rice fields.

 

[Michaelgtrusa]

Some bad new now trending. https://twitter.com/search?q=Foxconn&src=tren

 

[I7guy]

Some bad new now trending. https://twitter.com/search?q=Foxconn&src=trenView attachment 712994

I guess it's better than never making Wisconsin any money. Not to mention the jobs that are created.