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Samsung Plans To Open $380 Million Home Appliance Plant In US, Creating Almost 1,000 Jobs (cnbc.com)
Samsung Electronics has agreed to open a $380 million home appliance manufacturing plant in Newberry County, South Carolina. The new plant is expected to generate 954 local jobs by 2020. CNBC reports: The South Korean firm said this year it was in talks to build a home appliances plant in the United States amid worries about protectionist policies under U.S. President Donald Trump put pressure on global companies to generate jobs in the country. "With this investment, Samsung is reaffirming its commitment to expanding its U.S. operations and deepening our connection to the American consumers, engineers and innovators," Samsung Electronics America President and CEO Tim Baxter said.
Look, we're to be getting close to 1K jobs. Who can say that's bad or that he hasn't delivered?
He hasn't delivered. Way more than 1k job exportations or terminations have been announced "during his watch". Maybe you were being sarcastic though, since 1k jobs is chickenshit, and I missed it. In that case, I'm sorry, but it was something dumb enough for a Trump supporter to actually believe and say.
"You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
Wait until you lose your job. [...] Don't change your tune though. Stick to your guns and keep on Trump hatin' brother.
So wait, you're telling me I'm going to lose my job. Doesn't that mean that Trump isn't saving it?
"You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
In real numbers, at 12.4 million we're down more than 7 million factory jobs since the 1979 peak of 19.5 million jobs. Adjusted for population growth, we need 10 million more factory jobs to get back to similar levels. At 1000 jobs a piece, that would require an average of more than 3 announcements per day of a two-term presidency.
The problem is, the world doesn't need that much more goods - especially considering the volume that could be produced by a buildout of that level with the technology the buildout's investment would create. Though it would only be an 80% increase over current factory employment, it would likely produce a tripling or more of output because we're talking all new plants here.
We'd be drowning in even more crap than we already have. It's a stupid vision.
Let's move forward, not backward. We need a new vision. That 19.5 million job peak came during a horrible economic time with 11%+ inflation. As I remember it, it sucked. Do we really want that back?