The Progressive reports:
Wisconsin is now poised to reward Foxconn with a whopping $3 billion "incentive" package--the fourth largest "mega-deal" in U.S. history. (That figure works out to an incredible $231,000 per job, and does not include the local subsidies that are invariably a part of such deals.) The bulk of this subsidy would be paid out in cash.[1]
[...] Wisconsin is jumping into the self-defeating interstate competition for jobs, in which U.S. states spend a collective $110 billion[2] on tax breaks and other sweeteners reserved mostly for the largest and most profitable companies like Foxconn, which raked in $2.26 billion in profits last year.
[1] Paywall after x visits per month.
[2] Link in TFA is just a search: http://america.aljazeera.com/search.html?q=%24110+billion.
(Score: 1) by i286NiNJA on Tuesday August 01 2017, @04:29PM (2 children)
Perhaps the idea is that once they get a few factories pumping out electronics other companies will follow suit knowing there is a pool of small electronics workers there and foxxcon has already weeded out the unstable suicide risks.
(Score: 0) by Anonymous Coward on Tuesday August 01 2017, @08:16PM (1 child)
"there is a pool of small electronics workers there"
Surfs or elves?
(Score: 1) by i286NiNJA on Wednesday August 02 2017, @04:52PM
Lol you misspelled smurfs but the way things are going I think they probably want a bunch of serfs.
Preferably tiny malnourished stupid epsilon minus semi moron serfs.