Oh, That So-Called 'Deal'?
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2018-11-06 08:35 by Karl Denninger
in Employment , 110 references Ignore this thread
Oh, That So-Called 'Deal'?
[Comments enabled]

Of course it was a "great deal" for America, and much fanfare greeted both Wisconsin Governor Walker and Donald Trump when Foxconn announced it was going to build a plant in Wisconsin.

Little-noticed (but reported on by myself) were two problems I initially identified -- first, the incentive package given (basically, you pay our taxes -- "you" being other Wisconsin residents and businesses) and second, the diversion of water through a swath of game-playing that one can easily argue violates long-standing rules on water allocation out of the great lakes.

But a bigger problem has now emerged -- it appears that Foxconn got Wisconsin and US Taxpayers have given away a huge amount of money in the form of those incentives while not guaranteeing that the workers hired will be Americans.  

You see, Foxconn is bringing in..... Chinese.

Uh, exactly how, one asks?  Likely through H1b abuse and/or simply back-dooring them.

In any event so much for American jobs, and so much for said alleged "winning."

More like being fleeced -- again.

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Tdurden
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Incept: 2015-01-29

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There are plenty of people in the US who are qualfied and willing to take those jobs. The problem is Foxcon hired a temp service to do their recruiting. This is the result of handing over an important task to morons with bachelors and masters degrees in human resource management. This is the same profession that came up with screening techniques like refusing to consider someone for a job if they were currently unemployed. They probably came up with requirements for these jobs with things like needing 10 years of experience building and testing LCD displays when hardly any have been made here for nearly a generation.

I've seen first hand how much of a hinderance those dullards really are. About a decade ago, I was doing a contract gig and the manager at the time got a req open to add some headcount and told me to apply so I could get on the company's payroll. I went to the HR website and applied. Nothing happened. A week later, the manager called HR to see why my application had not come to him yet. The HR clown explained that I wasn't qualified for the job because I didn't have 5 to 10 years experience doing something that no one in that branch of the company had ever done, including the manager or anyone else in that entire division. The manager had to climb that idiot's frame because she was sticking to her script. Never mind that I had been doing the very same job at the very same desk for over a year and that I was their top performer for 3 consecutive quarters.

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"I'd like to live just long enough to be there when they cut off your head and stick it on a pike as a warning to the next 10 generations that some favors come with too high of a price." -Vir Cotto Babylon 5
Mangymutt
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HAHAHAHA!!!!

"But a bigger problem has now emerged -- it appears that Foxconn got Wisconsin and US Taxpayers have given away a huge amount of money in the form of those incentives while not guaranteeing that the workers hired will be Americans."

I am sorry but that made me laugh. I do hope they hire at least a couple Americans to watch over their forced labor camp. Heck if we are lucky we (Americans) also get to pay for their transportation over here.

Let's see.....Hmmmm if I were a foreign power that I am an enemy of, and they have already allowed me to steal their products because I can force my citizens to work dirt cheap, but now my enemy says they will PAY me to come do the same thing over in their country. What oh what should I do? Who do I ship over there to do the work? Do I send my best and brightest? Do I send my hardest workers? Do I send the ones who are proven good citizens to me? Or, do I send my dumb, my criminals and insane. Damn that would be a tough choice.

"Little-noticed (but reported on by myself) were two problems I initially identified "

Of course the initial part of this ticker was little reported on, no one expects reporters to actually investigate AND report do they? And the part you just investigated and reported on will make as much front page news, even in Wisconsin.

This just proves those countries to our South are Stupid. Mexico should have promised to build a manufacturing plant up here. And America would have bused that caravan in for them.

HAHAHAHAHAHA!!!! MAGA one Chinese at a time MAGAOCAT!!!!!
Aztrader
Posts: 8113
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Scottsdale, AZ
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This was done to appease Trump and that is probably why he gave Apple a tariff waiver. That point still stinks because it reminds me of all the companies Obama gave waivers for with Obamacare. The special interests always win.
Wa9jml
Posts: 255
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DeKalb, Illinois
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Well, the Moment of Truth will arrive when the nets go up in front of the windows of the employee barracks, so that none of them will be able to jump to their deaths to avoid their misery.
Whitehat
Posts: 778
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The People's Republic of New York
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Chinese companies operating here are very dishonest, just like home. they will figure out some way to get their employees on our welfare system, pay them off the books, overstay their visas, hire illegally, you name it, etc. this way we can subsidize them even more. have seen a lot of this first-hand. can never seem to get anyone to do something about it.


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There are two ways to be rich: One is by acquiring much, and the other is by desiring little.
snow, seasons, distance and dirt roads: SSDD
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Vernonb
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Art of the deal my ass- more like art of the swindle. This is simply more lies, fraud, and obfuscation.

The morons couldn't negotatiate their way out of a wet paper bag.

I more curious as to the kick backs those so called "negotiators" recieved for allowing this travesty of a policy. I find this hard to believe it happened by chance.



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Jal
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More exploitation of the blue collar workers by the bosses.
Ahhz
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Appropriate 2-story outhouse picture.

inline

Tat668
Posts: 2971
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A True American Patriot!
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By the way Foxconn is a Taiwanese company which took advantage of the free ponies and incentives China offered and built maga factory in China. It is running dry and cost is ramping up, another sucker needed to feed the parasites.

Looks like it has located another better offer from the big guy who wants Taiwan to stage the rest stop for American troops. Wisconsin bite and now the bag with large holes just got bigger. Don't forget the almost forbidden APPle are build by this resource soaker upper for the benefit of aapl holders.

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"This marks the beginning of the end."- Barack Obama 2-26-09
Tat668
Posts: 2971
Incept: 2007-09-09
A True American Patriot!
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By the way, China already had propaganda laughing at the deal, may be the grapes are getting too sour for her.

Taiwan seems to be taking advantage of American resource now that our POTUS needs to have a foothold for our troops when needed to deal with problems on the other shore of the big pond.

sorry Karl, couldn't just add!

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"This marks the beginning of the end."- Barack Obama 2-26-09
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