Apple's Top Assembler Foxconn Confirms Plans for US Investment, To Create 50,000 Jobs (bloomberg.com) 324
Foxconn, the biggest assembler of Apple devices, is in preliminary discussions to make an investment that would expand the company's U.S. operations. From a report on Bloomberg: The disclosure came hours after an announcement by U.S. President-elect Donald Trump and SoftBank Group's Masayoshi Son to invest $50 billion in the U.S. and create 50,000 jobs. The money will come from SoftBank's $100 billion technology fund, which was announced in October, a person familiar with the matter said. A document that Son held up after the meeting in Trump Tower also included the words "Foxconn," "$7 billion" and "50,000 new jobs" in addition to SoftBank's numbers. "While the scope of the potential investment has not been determined, we will announce the details of any plans following the completion of direct discussions between our leadership and the relevant U.S. officials," Foxconn said in a statement. "Those plans would be made based on mutually-agreed terms."
Now make it a requirement that it's US-owned (Score:2, Insightful)
Only fair.
Re:Now make it a requirement that it's US-owned (Score:5, Interesting)
Why is wanting to preserve a culture "bad" when that culture is European, but pure virtue when it's some other culture? People are getting pretty tired of the racism inherent in the "everybody but Europeans (white)" mentality so prevalent among the regressive movement of late.
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Because the dominant culture is European and it has systematically sought to destroy other cultures through war, colonization, subjugation, forced assimilation, and economic coercion?
Obviously we should have tried harder.
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Because the dominant culture is European and it has systematically sought to destroy other cultures through war, colonization, subjugation, forced assimilation, and economic coercion?
Pretty sure Asian culture has done the same.
Re: Now make it a requirement that it's US-owned (Score:3)
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Also, there is no such mentality in the progressive community to exclude whites in any way shape or form.
B U L L S H I T
The vitriol of anti-white hatred (especially white MALES) coming from the SJW left these days is fucking palpable. The level of white guilt and white self-hatred in particular would be funny if it weren't so dangerous. It's gotten to the point where I strongly suspect that we would already be seeing "Whites need not apply" addendums to many job postings if that weren't still technically illegal. Oh wait, in the UK at least, we already are [express.co.uk].
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But when it's white men that are the problem we're all good?
Oh, that's flamebait, little trumpling? (Score:3)
Here, mod this down, too. I need to take away your modpoints before you use them to hurt someone who won't get another shitload of upmods plenty soon enough.
A new golden age (Score:5, Interesting)
Re:A new golden age (Score:5, Insightful)
Trump is going to take the world by the balls and basically start squeezing and say "stop fucking us over OR ELSE. Now would you like to talk?"
The problem is that while Trump may think he has his hands on the world's balls, he doesn't realize that the world also has it's hands on the US's balls. Trade doesn't exist in a vacuum and playing chicken with the economy is not something to look forward to.
Re:A new golden age (Score:5, Insightful)
For the past 30 years we've been rolling over and playing dead. Maybe try something else for a bit?
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For the past 30 years we've been rolling over and playing dead. Maybe try something else for a bit?
I have no problem with trying something different, but extremism is always ill-advised.
Just imagine the state of affairs 1 year down the track if Trump issues some scorched earth policy that somehow pisses off the middle east* and in response OPEC suddenly ramps up oil production and destroys Trump's attempt to boost the US oil industry and causing a major meltdown in employment in the midwest.
* Given his Taiwan excursion this week (planned or unplanned - you make the call), pissing off other countries is n
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Trump's Taiwan excursion was heavily planned after months of lobbying by Bob Dole and other registered foreign agents of Taiwan. Oh, and the Trump Organization sent someone to investigate a potential billion dollar deal to develop land in Taiwan while this was going on. But no conflict of interest there!
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The other reason that China bought up a lot of US debt was to make sure there were no more property bubbles in the Far East funded by American money. They deliberately prevented Trump and people like him developing land over there, and aren't about to let them now.
It could get ugly if Trump and co. start using the US economy as leverage to get personal real-estate deals off the ground.
Re:A new golden age (Score:5, Insightful)
Just imagine if bad things happen! Your overactive imagination is not an argument.
Also, am I allowed to be pissed off at China for taking our jobs, our factories, our IP, constantly fucking with their currency and failing to abide by our trade agreements? What does anyone being "pissed off" have to do with anything? Are you the kind of guy who pays sticker price for a car because you don't want to "piss off" the car dealer? Who gives a shit.
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Uh, the pissing off China by seemingly recognizing Taiwan as an independent state is a thing that actually happened, you know.
If you voted for DT, you are not allowed to be pissed off. China didn't take your jobs / factories. IP you MAY have an argument for, but not the other two. Chinese Manufacturers and Corporations can produce for much cheaper labour. In a "pro-corporation" stance that many Americans seem to have taken that want less regulation (despite backroom deals with specific companies), this
Re: A new golden age (Score:2, Informative)
China is taking our real estate, too.
Re:A new golden age (Score:4, Insightful)
Re:A new golden age (Score:5, Insightful)
Why the fuck would I want a $300 smartphone if I can't get a job for more than burger-flipper wages? My grandfather could afford to raise a family, buy a house, go on vacations, and send his kids to college on his blue collar salary alone. A shiny iphone is a piss-poor substitute for that. I would cheerfully pay 10 times for these stupid electronic gizmos if it means I get back the standard of living that once made America the envy of the world.
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I would cheerfully pay 10 times for these stupid electronic gizmos if it means I get back the standard of living that once made America the envy of the world.
Sure, who wouldn't? The problem is, it doesn't mean that at all. If the gizmos are assembled by robots in America and the money goes back to China or even better, gets hidden away in whatever country is the tax haven of the week, then the end result is actually worse than if the doodads had been made in another country because we have to eat all of the pollution. And as it turns out, Foxconn has a bad record even for a Chinese company [dailytech.com].
Letting Foxconn build an automated factory in the USA, employing construc
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Are they really "taking" your jobs and factories though? I mean, do you actually want a job that pays $2/hour manually assembling stuff like a robot all day? And if China didn't exist, would you be able to get that job or would it have been automated already?
It's more like, to sustain a reasonable standard of living in a modern western country you need both cheap goods and a higher wage than the cheap goods can sustain, and should focus your effort on better paid high end manufacturing and services.
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High end manufacturing? You mean, like the most advanced cell phones and electronics in the world?
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And how exactly do you expect our average 100 IQ worker to do that shit? That's all fine for me...I'm an electrical engineer. But what about my less gifted countrymen? What should they do?
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And how exactly do you expect our average 100 IQ worker to do that shit? That's all fine for me...I'm an electrical engineer. But what about my less gifted countrymen? What should they do?
100 IQ workers are the least of our problems. How about the approximately 34% of people who fall between 85-100? That question is essentially what led me to become more progressive in my late 20's. There is no answer for the majority of these people other than public assistance. We cannot wish ourselves back to a world where manufacturing work had enough economic value to support $30/hour jobs with good pensions. At least not tens of millions of these jobs anyway.
The answer is ensuring everyone is able to h
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You shouldn't be pissed off at China for ignoring the IP of the developed nations and using it to catch up. That's what countries at their stage of development do. The US did that early in it's history, especially with fabrics. So it's a bit hypocritical for the US to have used those techniques to advance their economy and then try to deny China the same thing. Either that or admit that it was wrong for doing those things in the past.
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"OPEC suddenly ramps up oil production " The Saudis already tried this strategy and all it did was make the US shell oil production companies become more efficient and lower the profit breakeven point.
"scorched earth policy that somehow pisses off the middle east"
The ME has already been "scorched" for quite some time. It's time the US backed out of the region and let the murder and mayhem currently sweeping the region burn itself out. You would be hard pressed to find any US citizen who would object to this
Re:A new golden age (Score:4, Insightful)
Have you been to the rust belt? The financial elite are doing great, yes. The middle and working class? Not so much.
I grew up in the rust belt on my dad's farm (which he rented). And then I did what the majority of people leaving the middle class have done, I moved to the upper middle class. A combination of public school funding, supportive parents, publically funded colleges, and federally backed student loans made it possible for someone who even screwed up enough to drop out of college his first time (very immature) to move up in stature in society. And far from this being a rare success story, it is what has happened to two thirds of the people who are moving out of the middle class.
What is true is that the gap between the upper classes of society and the lower classes is widening. This is a product of many factors, but mostly because the economy is doing so well and those with more resources and/or more capability are better able to take advantage of that opportunity. The widening gap at its root can be summed up with the old saying "it takes money to make money". While obviously not entirely true, overall it explains most of our country's problem with the left-behind working class.
The only thing we know nearly for certain is that the working class success stories of the last century are a thing of the past. When manufacturing and other low skill industries come back to the US, it will be because automation has reached a level where few unskilled labor is required. The working class will not be able to provide their children the same opportunity I can provide mine. That is why I made the switch to a more progressive view in my late 20's. We can still have a similar level of opportunity, but it will come from income redistribution.
Taxes and public aid, like my federally backed student loans, are how we can fix this imbalance. It won't come from bringing high paying rust belt jobs back to this country. That part of human history is over. We just need to find a way to fight against demagogues who prey on struggling citizens' broken pride and tell them what they want to hear. Especially when those leaders fight against the same progressive policies which could help them most.
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... he doesn't realize that the world also has it's hands on the US's balls. Trade doesn't exist in a vacuum and playing chicken with the economy is not something to look forward to.
I wonder to what extent this is true, in context of this story. Given the fact that this money seems to be coming primarily from Saudi Arabia and, potentially, other unknown sources.
The money would come from a $100 billion investment fund that SoftBank Chief Executive Masayoshi Son is setting up with Saudi Arabia's sovereign-wealth fund and other potential partners, according to the Wall Street Journal.
Src: http://www.foxbusiness.com/pol... [foxbusiness.com]
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I agree that it doesn't seem to apply in this particular case*, but the OP was positing a new golden era based on playing hardball - which was what I was replying to.
* The interesting thing is that from the article you linked:
It was not immediately clear how much of SoftBank's investment has been disclosed before. Softbank said on Nov. 7, the day before the U.S. election, it planned to make future large-scale investments via the $100 billion tech fund, rather than on its own, to avoid growing already bloated debt.
So it seem that Trump is taking advantage of something that wasn't his doing.
I can also see the Dem's having a field day about Saudi money financing Trump's desires.
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So, with most of the money flowing out of the US, who has the most leverage if that flow is cut back?
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It's adorable that you actually think any of that is going to happen.
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Finally with an entrepeneur taking the reins we may be staring down a new golden age for America... withtout all the BS and fake numbers spewed by the recent federal government regimes. Unemployment at less than 5%? Puh-leeze. I guess maybe if you count crap work and part time jobs with no benefits. Trump is going to take the world by the balls and basically start squeezing and say "stop fucking us over OR ELSE. Now would you like to talk?"
You have no idea what kind of "jobs" this will even end up being. Foxconn is already shipping jobs out of China to Africa and automating more of their plants because Chinese workers cost too much, so don't expect these token jobs to be making more than minimum wage. They could even go the Wal-Mart route and make them part time with the government (tax payers) picking up the rest through welfare.
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Unemployment at less than 5%? Puh-leeze. I guess maybe if you count crap work and part time jobs with no benefits.
In other words, most of these 50,000 new assembly plant jobs?
Re:Be careful how hard you squeeze (Score:4, Insightful)
So much crying and so little understanding of systems theory.
Sure, americans want more money than chinese children. However, what does it cost to support all the unemployed people and to fight the higher crime and other problems that come with unemployment?
Also, money goes in circles. The american worker paid well will spend a large part of his salary on some other american business (say, the fast food store near work, the gas station on his way to work, etc.) while the chinese child spends his money somewhere in China.
Ford was the first to understand that paying his workers well would actually give him an advantage - if they can afford to buy one of his cars, they will. The same is true of this. Maybe the price of iPhones will rise - or maybe more people will buy them and the price stay the same. Or something inbetween.
It's too easy to just cry that prices will rise. In fact, that's usually a strawman.
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I agree with a systemic look. Which is why I'm against state-aided companies just to keep people employed. It's economically inefficient.
Despite what people think, moving production to a cheaper location (like China) isn't just beneficial to the Chinese. If you follow economic theory, free-trade isn't just good for exports, it's good on the import side as well. Because you get cheaper goods for the same quality.
You don't want to get rid of that. You don't want to slow down the economy by making goods more e
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but are Americans willing to pay 50%-100% more for their electronics
No, but they are willing to increase the deficit and debt by allowing government subsidies to companies employing Americans. I suspect that's what will happen with more and more of these deals.
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China is now moving manufacturing jobs to America to exploit the cheap labor force? Congratulations! America's has now secured it's spot as an official third world country, complete with strongman dictator, tribal/racial unrest, poor public education and non-existent public healthcare. I fully expect an outbreak of malaria any day now.
They're in North America so it will be Zika, not malaria.
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"China, will say, "Give us our money for all the bonds we've been buying from you." That then sends us into an economic depression as we have to come up with ways to pay those bondholders or do what Trump thinks is good business sense and throw up our hands and default. "
Which causes China's economy to tank. They simply will not do that when they rely on the US so heavily. They can't afford to.
Softbank - Sprint & T-Mobile merger failure (Score:4, Interesting)
I suppose this doesn't have anything to do with current regulators blocking of Spint's merger with T-Mobile. Softbank president Son owns Sprint, so perhaps he's looking for a little favor when Trump assigns new folks over at the FCC.
Re:Softbank - Sprint & T-Mobile merger failure (Score:5, Insightful)
“We were talking about it, and then I said I’d like to celebrate his presidential job” because Trump will advocate deregulation, Son told reporters according to Bloomberg News. [kansascity.com]
There was a lot of speculation about that since the day after the election [kansascity.com].
Sales (Score:2)
The jobs will be mostly construction jobs. (Score:5, Interesting)
50000 workers, at $25000 is 1.2 billion per year.
These 'factories' are not going to be using employees at $10/hr to assemble PCBs.
I note a story earlier this year "One factory has "reduced employee strength from 110,000 to 50,000 thanks to the introduction of robots", a government official told the South China Morning Post. ".
Most of the putative 50000 jobs are going to be construction work building the factories.
The factories are then going to be - if not totally lights-out - reducing employees to the bare minimum.
If you're building a new factory in the USA, and contemplating employing workers at $10/hr for 5 years (three shifts), that's $500K per station or so (probably more costing all costs of employees.
If you have even 100 employees constantly doing a very similar job, you can easily afford to spend 5 million developing a custom robotic solution, and deploying it for another $5m ($50K/station), and come very considerably out in front.
($10/h*24h*365*5 = 438k. Employers taxes and obligations add to this comfortably exceeding the 500k figure for three shifts)
Re:The jobs will be mostly construction jobs. (Score:5, Informative)
Most of the putative 50000 jobs are going to be construction work building the factories.
That's still a net positive. That's 50,000 construction jobs that wouldn't exist in the U.S. if FoxConn stays put in China.
If you have even 100 employees constantly doing a very similar job, you can easily afford to spend 5 million developing a custom robotic solution)
$5,000,000 to develop a custom solution?!?! You're seriously underestimating the cost involved with that. Just a off-the-shelf robot alone can cost $100,000, without programming or other peripherals.
https://techcrunch.com/2016/03... [techcrunch.com]
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50000 jobs constructing the factory for a couple of years at which time it goes away.
And foxcon is not paying market prices for robots, for the simple reason that it makes sense to build them themselves - if they're going to end up replacing pretty much every worker. Even if they weren't, if you bought 10000 of them, the price would come down very considerably.
http://www.bbc.co.uk/news/tech... [bbc.co.uk] was the initial 'robots replace workers' story I was quoting earlier.
Re:The jobs will be mostly construction jobs. (Score:5, Insightful)
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No it's not, because the factory will just blackmail the gov't for larger and larger tax breaks, and move when it doesn't get them. There will be no benefit to the people, as usual, only the 1%.
Exactly - just like the Carrier deal that pushed aside better companies and will increase total unemployment due to unequal treatment, this policy failure just starts the domino effect all over again.
Tax breaks implies paying some taxes (Score:2)
Right now how much does the government get in taxes from a factory that does not exist?
$0
After the factory is built, let's say the government gets just $1 a year in taxes from the factory. How is that not still better than today? And of course we know the company will be paying more that that...
If tax breaks mean the factory, and the jobs to build it, and the jobs to maintain it, and the jobs created by shipping material in and products out, gets built how is that not inherently better no matter what "tax
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Blackmail with what leverage? No jobs?
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It's great for Trump, gives him a nice boost while in office and then stiffs whoever comes afterwards as the contracts end.
Don't get me wrong, it's good that manufacturing is being built up in the US, but it's not a long term solution to the 21st century.
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Most of the putative 50000 jobs are going to be construction work building the factories.
That's still a net positive. That's 50,000 construction jobs that wouldn't exist in the U.S. if FoxConn stays put in China.
Temporary construction jobs isn't going to stop the hemorrhaging, and a band-aid fix isn't exactly delivering long-term prosperity, especially when some of those temporary jobs are going to be used building robots to replace human workers.
Yes, it delivers temporary benefits, but rest assured we will hear the I-created-50,000-new-jobs statistic regurgitated 10 years from now, which at that point will be utter bullshit.
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That way is problematic - because it means that your factories now can't compete at all and sell things outside the US.
In principle, roboticised factories could.
There is no good answer that results in repetitive manufacturing jobs coming back in massive numbers.
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If you've got a hundred identical jobs being roboticised, you're not going to get remotely close to a hundred 'robot operator' jobs.
China has a robust and growing industrial robot industry. They're not going to be buying from US vendors.
Americans? (Score:2)
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Re:Americans? (Score:4, Funny)
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The jobs will be filled by Russian chatbots.
Nah, who needs Russian chatbots when MS produced the advanced Trump supporter chatbot, codename Tay [wikipedia.org]
/rimshot
Re:Americans? (Score:4, Insightful)
Actually, it's not.
50,000 American jobs created by factory work? Okay. Now, those iPhones have to generate revenue to pay for those jobs. Apple has huge profit margins, so this isn't much fair (the US business average is under 10% profit margin); but let's say Apple isn't altruistic and is trying to keep those huge profit margins, or just pretend Apple is a normal US business with normal profit margins that fit its business growth and risk control needs (because the only violators of this are what, Apple, Google, and Microsoft?).
To keep the same margins at higher American worker costs, you charge more for the phone.
If you ship fewer phones, you'll have fewer jobs. That includes fewer exports, too, so less international revenue coming to the U.S.; but let's assume that doesn't happen. Everyone buys iPhones at $1,400 instead of $700.
Someone concluded 36 million iPhones sold in the US. If we're imagining a doubling in price above (for illustration; order of magnitude is controlled by depth of price difference, and the difference isn't at 0--we'll get to that), that's $25.2 billion. That's equivalent to 1.52 million minimum-wage incomes.
So for 50,000 jobs shipping 36 million iPhones to US customers (which I doubt actually happens) at $700 additional cost (doubling the price), you lose a maximum of 1.52 million jobs. It's only 50,000 jobs lost if the wages are on average $262/hr for those lost jobs ($524,000/year).
As I said: the price increase controls magnitude. If you increase it by $100 ($700 becomes $800), you're looking at $3.6 billion. That's 218,000 minimum-wage jobs, or 50,000 $72k jobs ($36/hr average wage). That's your exchange.
All of that is based on the sales of US phones to US people. That doesn't count international sales. The biggest take-aways here are that job creation or loss in practice depends on how much you pay the workers--pay them less and you create more jobs, as you noticed--and that everyone who isn't a factory worker and who buys the factory worker's product has less money to spend.
At best, this is a way to enrich factory workers at the expense of all other Americans, reducing the number of available products and services (e.g. we could have expensive iPhones and no Spotify) by drawing both domestic and international money to a subset of peoples's hands, with the international money being spendable back into the US economy. At worst, this is a way to create poor US factory workers, a poor US middle class, and less-competitive United States business, causing a rapid fall in sales as people in Europe roll their eyes at higher-priced iPhones and just go to buy the Chinese-made competitor's product--or maybe Apple will sell Chinese-made phones outside the US and stay competitive, but the US factory workers won't get that international money (14,000 employees at Apple HQ are still getting that cash and propping up Cupertino's economy with $2 billion of wages from across the world).
Again, as you observe: the net job change will be positive (an increase) if we pay the factory workers little and abuse them with minimal benefits and other cost-cutting measures, making them poor even as the products they produce become more-expensive than the import product. Even then, the US consumer still has less money to spend on everything else, and is thus poorer: he can buy fewer things with the same income.
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According to your "logic", the wisest thing we could possibly do is export and outsource ALL American jobs. Just imagine how rich we'd all be if none of us worked and nothing was produced here!
$50 billion for 50,000 jobs? (Score:3)
That's a million dollars a job. Seems like a lot.
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Government destroys the tax money? Burns it?
Shatters it like a window.
Bullshit (Score:2)
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"plans based on mutually-agreed terms." (Score:2)
Them there's the weasel words.
Full circle (Score:5, Funny)
So shifting jobs to low wage countries has come a full circle.
Couple of thoughts (Score:2)
First, it wouldn't surprise me if Apple wasn't involved in this from inception on the grounds that rival companies have been copying Apple within weeks of a new product release if not before. Ergo, Foxconn in China must be the leakiest place on the planet. China is also one of the worst places for intellectual property rights. So, by manufacturing in the U.S., Apple might be able to maintain control over the IP. Maybe.
Second, with regards to people laughing when Trump initially said that Apple would be
How big was the bribe this time? (Score:2)
Nets (Score:2)
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Trump is cracking down on that
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He's not cracking down on anything. He's not in office yet.
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And yet he's getting a Taiwanese company to create jobs in the US. Seems that phone call with the Taiwanese president may have been good for something, and not only for pissing off mainland China.
Re:Awesome (Score:4, Insightful)
Trump is cracking down on that
Obligatory... [citation needed]
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Oh - no - they won't.
The easy jobs are generally easy to automate.
If you have 'put into box' type jobs, and are paying 300 people $10/hr - then it doesn't take much time at all to instead spend $5m designing robots and $5m installing them, and they then work 24*7.
The 50000 jobs are a lie - they will perhaps be in constructing the factories.
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The easy jobs are generally easy to automate.
The easy (for humans) jobs are the the most difficult to automate. Difficult jobs in very narrow, highly specialized fields have already been automated. My $35 raspberry pi running mathematica does a better job at solving math problems than I do, and I spent decades learning how to do it, yet where's the automation that cooks my dinner and cleans and puts away the dishes?
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Much factory work - especially where you have a hundred workers doing the same thing - is very vulnerable to automation.
This is a much, much more constrained problem (or often can be designed to be so) than a general cooking robot.
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Give a person a fancy title and they will work for peanuts.
No, build your plant in a county surrounded by other counties that all have no other realistic job options and people will flock to you, even at minimum wage with no benefits working 7 days a week. It's how Toyota & Honda build cheep cars in their southern factories after all.
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1. Part of Trump's immigration plan is an overhaul of the H1-B system.
2. These are not really "tech" jobs but manufacturing jobs for our average, 100 IQ workers. We need jobs for these people, and the usual liberal canard of "education" has been a failure because you can't cram a 100 IQ auto worker through engineering school and have him come out as a 125 IQ engineer. We need simple jobs for simple folk.
3. Nothing will make you people happy anyway. I hope Trump comes out and says "people should breathe air"
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lets check back how well trump's 'plan' goes. if we ever SEE anything real from him in this direction.
fact is (I know, we're post-fact now, sigh..) that he's a business guy and that type LOVES indentured servitude.
there's nearly 0% chance he'll cut back on cheap labor for CORPORATE AMERICA.
you righties are such gullible morans. sad part is, you just ruined things for all of us for the next 4 years ;(
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Your incoherent screed needed more ALL CAPS non-arguments.
Also your lefty tears are delicious, and will be for the next 8 years.
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Being this delusional...
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We need simple jobs for simple folk.
Trump is going to shutdown Caterpillar. Think of all the literal shovel ready jobs he can make if companies don't have to rely on mechanical tools.
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El oh el. [yahoo.com]
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1. Part of Trump's immigration plan is an overhaul of the H1-B system.
Trump can plan all he wants, it's what Congress will let him do that matters as has already been demonstrated by Republican leadership saying "Yeah, we're not building a wall.".
2. These are not really "tech" jobs but manufacturing jobs for our average, 100 IQ workers. We need jobs for these people, and the usual liberal canard of "education" has been a failure because you can't cram a 100 IQ auto worker through engineering school and have him come out as a 125 IQ engineer. We need simple jobs for simple folk.
Most of the "liberal" worker reeducation projects have had their funding gutted by "conservatives" who didn't want to spend the money on poor folk. Worker reeducation and strong unions have kept Germany an industrial powerhouse despite pressures to outsource. But that involves commitment and funding from government, which won't hap
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Trump can plan all he wants, it's what Congress will let him do that matters as has already been demonstrated by Republican leadership saying "Yeah, we're not building a wall."
We're building the wall. I think Trump has just a liiiiiiiiittle bit more political capital than Mitch McConnell right now. Plus with his wife at Transportation she'll be all "oh Mitchuru babby, gibs $1T infrastructure package me sucky sucky ruv you wrong time!"
Well, aren't you a bitter little munchkin. Some of us like to observe facts and make decisions based on them rather than go by feelings and faith. Thanks, though, for showing us the face of yet another triggered over sensitive snowflake alt-righter.
What exactly do I have to be bitter about? I'm not one of the many, many whiny leftists in this thread crying because Trump's...bringing jobs to America? You people are going to sit there pouting for 8 years while Trump makes America great again and
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2. These are not really "tech" jobs but manufacturing jobs for our average, 100 IQ workers.
As others have pointed out, these aren't manufacturing jobs, but construction jobs, and thus will be only temporary.
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Why should USC be pushed out of work by Mexicans working under the table with little to no employment taxes, no workers comp (just show up at the ER and don't pay)
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Stories are leaving out what concessions Trump offered, which made Foxconn decide that this would be an improvement from the status quo.
The "magic" wand might not be magic at all; maybe it's a tax break or the company gets a free "write whatever law you want, and I promise to sign it" or something like that.
Until we know how the trick works, we're going to be speculating all kinds of crazy things (as I did above). This would be a good job for journalists. You know that once people find out the cost, there
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US labor laws are better then the ones in China and they have to pay OT as well.
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The suicide rate at Foxconn during 2010 remained lower than that of the general Chinese population at the time[6] as well as all 50 states of the United States.[38]
Re:How many suicides will it create? (Score:4, Informative)