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Foxconn Considers $7 Billion Screen Factory In US, Which Could Create Up To 50,000 Jobs (arstechnica.com)
An anonymous reader quotes a report from Ars Technica: Foxconn, the Taiwanese contract manufacturing company best known for its partnership with Apple, has said that it is mulling a $7 billion investment in U.S. manufacturing that could create between 30,000 and 50,000 jobs. According to The Wall Street Journal, Foxconn Chairman Terry Gou says the company is talking with the state of Pennsylvania among others about getting the land and electricity subsidies it would need to build a factory. "If U.S. state governments are willing to provide these terms, and we calculate and it is cheaper than shipping from China or Japan, then why wouldn't Sharp build a factory in the U.S.?" said Gou. The factory would build flat-panel screens under the Sharp name -- Foxconn bought Sharp around this time last year for $5.1 billion. Sharp President Tai Jeng-wu hinted in October of 2016 that U.S. manufacturing could be a possibility for Sharp, and he also indicated that Apple could begin using OLED display panels in future iPhones. Apple currently uses OLED in the Apple Watch and in the new MacBook Pro's Touch Bar, but otherwise it hasn't pushed to adopt the technology as some Android phone manufacturers have.
No way flat screen manufacture is going to create 50k permanent jobs.
"Have you become so cold and heartless that you would have people suffer just to advance your own political agenda?"
I'm sorry, but I have to laugh at that. While the "left" may be guilty of this as well, the "right" is no stranger to causing harm to advance political ideals.
The republican party has left so many people behind as well. If you're lamenting the previous state of the democratic party, but express that by supporting republican party, then you're either a total fool, or yourself a political ideologue.
Trump or not, it's sure good to see at least some jobs moving in the other direction for once.
According to the Reshoring Initiative, about 41,000 jobs have been returning to the US per year for the last six years. This does not even count jobs that were planned to leave but reconsidered (like Carrier) or jobs created from foreign investment (like FoxConn).
As automation becomes more capable and wages in other countries increase, it just makes sense that jobs would start to return. Unfortunately for the rust belt the jobs which return are often not the same low skill work which was off-shored over the past few decades.
-- All that is necessary for the triumph of evil is that good men do nothing. -- Edmund Burke
Except taking taxpayer money in subsidies and creating minimum wage assembly line jobs which will probably be replaced with automation within the decade does nothing except funnel even more money up the capitalist pyramid to the top. All that subsidy money should be spent on education for those workers so they can get better-than-minimum wage jobs. There's no benefit to the lower class if you're just keeping them enslaved as factory workers, you're just enabling the upper class.
And if Obama and Democrats in congress push a health care plan directly modeled on Mitt Romney's Massachusetts health care plan (a plan which was considered a success by most Republicans), Republicans will be against it. This is not a new phenomenon, and it is not unique to one party or one president.