31–40 of 157 posts
$3 billion in subsidies for 3,000 jobs. http://www.jsonline.com/story/news/2017/07/26/scott-walker-h...
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> "late stage capitalism" What does this even mean? Sounds like an activist buzzword. What evidence do we have that there are even "stages" to capitalism much less that we are in a later stage?
https://en.m.wikipedia.org/wiki/Late_capitalism Capitalism is showing its flaws if we're paying a million dollars per job just to bring the job to our soil , although I suppose it's better then just keeping Foxconn products (or products that integrate their components) out at ports (or tariff them, like Russia with phones without a GLONASS chipset).
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https://en.m.wikipedia.org/wiki/Late_capitalism Capitalism is showing its flaws if we're paying a million dollars per job just to bring the job to our soil , although I suppose it's better then just keeping Foxconn products (or products that integrate their components) out at ports (or tariff them, like Russia with phones without a GLONASS chipset).
Tax incentives are not the same as cash payments
I find it hard to believe that they won't automate it to the max. They've started to do it in china, why wouldn't they do it here where labor is more expensive and the factory is brand new. Foxconn has been manufacturing for a long time and they are looking to reduce costs not increase them by building in the US. Automation is the best way. I bet the jobs are not long term. Some jobs are better than none but don't pa…
They don't want to have problems with current US administration and Trump wants factories, so they give him factories.
$3 billion in subsidies for 3,000 jobs. http://www.jsonline.com/story/news/2017/07/26/scott-walker-h...
This is pretty standard for deals like this, Nevada gave Tesla 1.3 billion for the Gigafactory. This "could" draw 3 billion. It's just tax incentives, not like it's a cash payment. But anything to make Trump look bad I guess.
$3 billion in subsidies for 3,000 jobs. http://www.jsonline.com/story/news/2017/07/26/scott-walker-h...
It's still a huge number though.
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Seems like it'd be cheaper to just give it away as UBI, no? Especially considering a million dollars for a transient job versus paying someone a million dollars over their lifetime. This whole late stage capitalism transition is going to be painful.
> "late stage capitalism" What does this even mean? Sounds like an activist buzzword. What evidence do we have that there are even "stages" to capitalism much less that we are in a later stage?
Uh, the fact that history exists, and that within the set of historic systems which follow the basic system of property rights distinguishing capitalism [0], there's a clear sequence of different specific systems in history.
> much less that we are in a later stage?
The same is also evidence that the current stage is later than the previous ones, those it is admittedly speculative (until capitalism is displaced) that it is the latest stage.
[0] There's some debate over whether the mixed economy that is currently dominant in the developed world is properly a “stage” of capitalism (the system dominant in the 19th century and first labelled “capitalism” by it's critics) and not a successor system with some common features, but we can leave that debate aside for now.
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> "late stage capitalism" What does this even mean? Sounds like an activist buzzword. What evidence do we have that there are even "stages" to capitalism much less that we are in a later stage?
It's a made up phrase that's being aggressively astroturfed on misc. parts of the net. reddit.com/r/latestagecapitalism
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The labor is technical, which at least in the U.S. usually carries higher wages. Chinese workers might be accustomed to low wages in technical jobs, but I don't see Joe Bob quitting his minimum wage burger-flipping job and go work at Foxconn assembling iPhones at minimum wage.
If that is the case, then they will deploy robots, use few human supervisors to oversee the work. Don't expect it will bring their giant manufacturers pipeline here. It is not going to be profitable for them. Why, because Chinese people are cheaper, and for manufacturing, meaning assembling, your output is directly associated with your working time, where in China they can force workers to work 12 hours, here no chan…
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https://en.m.wikipedia.org/wiki/Late_capitalism Capitalism is showing its flaws if we're paying a million dollars per job just to bring the job to our soil , although I suppose it's better then just keeping Foxconn products (or products that integrate their components) out at ports (or tariff them, like Russia with phones without a GLONASS chipset).
Tax incentives are not the same as cash payments
They are exactly equivalent to cash payments without the special tax treatment, so, yes, they are very much the same.