Redfish
Diamond Member
As always our CON$ never tell the truth!he said "up to 1100". The 730 plus more new hires and the people who will be employed to upgrade and expand the factory.
As usual our lib members never tell the whole story.
Carrier CEO lets it slip on the Mad Money with Jim Cramer Show that they will be automating the Indiana plant with an $16 million investment which will mean fewer Indiana jobs. Tramp offset that $16 million with $7 million in tax breaks, so Tramp is paying Carrier to replace Indiana workers with machines.
Typical Trumpery!!!!
GREG HAYES: Right. Well, and again, if you think about what we talked about last week, we're going to make a $16 million investment in that factory in Indianapolis to automate to drive the cost down so that we can continue to be competitive. Now is it as cheap as moving to Mexico with lower cost of labor? No. But we will make that plant competitive just because we'll make the capital investments there.
JIM CRAMER: Right.
GREG HAYES: But what that ultimately means is there will be fewer jobs.
The people doing the upgrades to the plant will have jobs building and installing the upgrades. The people making the automation equipment will have jobs. Its not a net loss of jobs but rather moving American jobs from one sector to another sector. The American suppliers of AC parts will have jobs rather than Mexican suppliers.
You actually have to think about this to fully understand it. I know that is hard for you and that its much easier to merely repeat talking points given to you by your masters.
But if you want to talk about automation, can we discuss what minimum wage increases have done for fast food automation?
What fast food automation?
kiosks where you order your food instead of a human being making $15/hr. You libs need to think about what you are asking for.