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Foxconn Is Reconsidering Plan For Wisconsin Factory (cnn.com)
An anonymous reader quotes a report from The New York Times: Foxconn, the giant Taiwan-based company that announced plans for a $10 billion display-making factory in Wisconsin, now says it is rethinking the project's focus because of "new realities" in the global marketplace (Warning source may be paywalled; alternative source). The company said Wednesday that it remained committed to creating as many as 13,000 jobs in Wisconsin, and continued to "actively consider opportunities" involving flat-screen technology. But it said it was also "examining ways for Wisconsin's knowledge workers to promote research and development." "The global market environment that existed when the project was first announced has changed," Foxconn said in a statement. "As our plans are driven by those of our customers, this has necessitated the adjustment of plans for all projects, including Wisconsin." But the company said its presence in Wisconsin remained a priority, and said it was "broadening the base of our investment" there. The statement followed a Reuters report quoting Louis Woo, a special assistant to Foxconn's chairman, Terry Gou, as saying that the costs of manufacturing screens for televisions and other consumer products are too high in the United States. "In terms of TV, we have no place in the U.S.," Mr. Woo told Reuters. "We can't compete." Some Wisconsin Republicans blamed the company's change in plans on the election of Gov. Tony Evers, a Democrat, to succeed Mr. Walker, a Republican, in November. In a joint statement, Assembly Speaker Robin Vos and the Senate majority leader, Scott Fitzgerald, said it was "not surprising Foxconn would rethink building a manufacturing plant in Wisconsin under the Evers administration." The lawmakers added: "The company is reacting to the wave of economic uncertainty that the new governor has brought with his administration."
They cite labor costs. https://venturebeat.com/2019/0... If you subsidize a company to the tune of $230,000 per employee, but the employee costs are too high, well golly gosh.
You can make up your own mind who is responsible.
The shepherds did so well protecting the flock that the sheep no longer believed that wolves existed.
Pro tip: If anyone tells you they 'might generate up to' something, it will never happen. Doesn't matter if it's a person or corporation, telling you this about jobs, cash in your pocket, pounds of cheese. It is not going to happen.
he got exactly what he wanted out of the deal: a political prop to use for winning the 2016 election. A fair trade for a bunch of tax dollars collected mostly from working class Americans.
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See title.
Yes, Trump got played like a baby by Foxconn. They roped him like a baby calf and he was more than happy to buy their ridiculous claims.
Despite the article saying specifically that it was the election of a Democrat that changed their mind?
Regarding the Trump thing, you're complaining about something that doesn't go our way in the middle of the situation. The right time to pass judgement is when it's all over, when the dust has settled, and when we can evaluate whether minor setbacks in the middle were worth the overall outcome.
Similar with the N. Korea peace negotiations. These things take time, there will be some back and forth, and possibly nothing will come of it... but now is not the time to make judgement. Let the situation play out, and *then* figure out whether we are better off. At the very least, the president talked us out of a nuclear war.
State governments giving away billions in tax benefits is arguably a bad idea. How long would it take for 13,000 additional labor-jobs to be worth the loss of $3 billion in tax credits? Even if you account for add-on benefits to the economy, it would take decades... and depending on inflation and other details, the deal might possibly never be revenue neutral.
We really don't know at this point whether this is good or bad for the US, and the tendency to blame Trump for every little thing that irks you in the country is tedious as hell.
Grow up, set your hatred aside, and post something insightful for a change.
No, the article did not say it was because a Democrat got elected. It said the REPUBLICANS said that was why.
"Republicans who control Wisconsin’s Legislature suggested that the arrival of Gov. Tony Evers, the Democrat who ousted Mr. Walker, was partly to blame."
"We need both parties brought to heel, and perhaps a few more contenders in the mix"
Nope. Third party candidates have zero chance to get elected, and they just confuse the issue. Political parties were never mentioned in the Constitution because they were seen as a plague, but just giving up on regulating them was a total failure which should immediately and conclusively put paid to the rumors of the founders' genius. At this point the only way we'll get a credible third party is if there's sufficient schism within one of the major parties that it splits in two, but thanks to partisan dumbshits in voting booths, that would all but guarantee a win for the other side. Sadly, the only party that might actually split would be the Democrats. The Republicans have demonstrated time and again that they are united in screwing over the nation, and the Democrats have ultimately proven that they are disconnected and thus ineffectual. The Republicans hang together, and the rest of us twist in the wind.
"You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
The GOP in Wisconsin did everything they could to undermine democracy and the will of the voters. However it was abundantly clear before the election that Walker's deal with Foxconn was all but dead regardless of how the election were to go; now that we see that reality coming to bear they are quick to lay blame at the feet of the opposition that has had no opportunity yet to do anything about it.
It's no surprise that the conservative voice here on drudgedot couldn't pass on including the GOP opinion on the matter.
Damn_registrars has no butt-hole. Damn_registrars has no use for a butt-hole.