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Trump’s LCD Win—the Big Picture

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martinvw
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$3B Tax break for 3,000 jobs=fuzzy math
martinvw   9/1/2017 4:18:14 PM
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This reminds me of how my wife says she saved $35 at the clothing store and when I asked her how much she spent she says $100. So that's not the same as putting $35 in savings, is it?  The $3B tax break is only because the FoxCon is building a plant in the first place.  What isn't mentioned is how much in taxes FoxCon will actually be paying.  You can add that amount to the $3B if you want to figure out how much the government will not be getting if the plant isn't built.  The writer obviously has a bias, because I can't believe he can't figure out that a 0% tax break of zero dollars is zero taxes.

TonyTib
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Re: Robots in Wisconsin
TonyTib   8/6/2017 2:42:04 PM
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There will be more impact than just the direct Foxconn jobs, such as jobs at the direct suppliers (such as Corning) and equipement suppliers.

To give a reverse example from an area I know, when basically all the HDD disk production went off shore by the early 2000's (50% was Made in USA as of 1998), quite a few little Silicon Valley automation companies went out of business, too.

Disclaimer: I'm neutral but skeptical about this deal (just like I'm skeptical about all kinds of big deals (e.g. stadiums, high speed rail, commuter rail, wind farms, etc) promoted by politicians of both parties).

resistion
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Robots in Wisconsin
resistion   8/6/2017 12:31:06 AM
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As expected, they're moving the robots into Wisconsin. The thousands of jobs must be the temporary ones for construction.

http://www.msn.com/en-us/news/us/rise-of-the-machines/ar-AAptuPF?li=BBmkt5R&ocid=spartandhp

realjjj
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Re: 10Bn over all sites?
realjjj   8/2/2017 1:06:38 PM
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You can find a lot more details in the draft bill

http://host.madison.com/wsj/foxconn-bill-draft/pdf_46a7c5c2-b4b7-5458-913c-8b1799d488e4.html

If that takes too long

https://www.reuters.com/article/us-foxconn-wisconsin-idUSKBN1AG2DK

http://www.reuters.com/article/us-foxconn-wisconsin-idUSKBN1AH5EF?il=0

 

rick merritt
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Re: 10Bn over all sites?
rick merritt   8/2/2017 12:22:31 PM
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Again, the Foxconn/White House terms were less than transparent to me. More like a private, ongoing business negotiation than a published policy.

But your metaphor hits home to me as one of the new "owners" of Levi Stadium in Santa Clara County.

TanjB
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10Bn over all sites?
TanjB   8/2/2017 12:17:42 PM
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The way I read the Foxxconn release it looked like the plan was 10Bn over the plan for multiple sites.

This makes it especially interesting if the first state kicks in $3Bn in subsidies - was that more than Foxconn?

It is starting to look like hosting the NFL or Olympics - who wins?  Not the tax payer.

resistion
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Re: Will it work
resistion   7/30/2017 9:42:12 AM
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It's about 10' by 10' so it appeared heavy (to me) for one person, and it's definitely larger than one person, but probably can in principle be handled by several people,. Still, being very thin as you noted (it's 0.5 mm or less now), there are the two big problems of getting cut by the glass edge or shattering the glass.

Les_Slater
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Driving Down the Cost of Labor
Les_Slater   7/29/2017 12:01:43 PM
Trump is just the latest incarnation of the head of the executive branch of the government of big business and finance capital.

The goal, and the effect, for some decades now, is to drive down the cost of labor. This isn't just wages and direct benefits, but the social wage as well, education, healthcare, housing, retirement etc. This started under Nixon but got serious, an inflection point, under Clinton, the sharpest turn to the right in modern U.S. history.

The tax breaks will be large, and real, but part of a financial shell game. The biggest problem with the economy is that there is too much money (capital) that is desperately chasing elusive earnings without sufficient investment in productive plant to grow the economy. And the reason for that is that capital needs to grow... or else, disappear. Banks don't even want to hold large deposits, they are, or are threatening, significant fees.

Business and government accounting are such that a large portion of free capital can be targeted for capital expenditures, but not operating costs, especially direct labor. Since there is such a great surplus of capital, its expenditure is of relatively little consequence, hence the tax incentives.

Wisconsin is not only a rust belt state but one where the government has made significant inroads in eroding the power of workers, unions and labor law. A $3b investment is very small change for setting a precedent on how they see things should be done.

herbissimus
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Re: Will it work
herbissimus   7/29/2017 11:28:42 AM
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"large, heavy glass substrates" okay , i have a rep in my town, so a stream of busted electronics flows to me , rather than to the landfill. a 32" class LCD screen, minus all the diffusers, just the glass and screen elecrtonics weighs less than a pound (better measurement on request. the glass is around 1 mm thick. the mfg date was 10-2014. so even a 64" one the glass would only weigh less than 4 pounds. i ask myself what factory in today's world would want a human handling even these light pieces ?

 

herbissimus
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Re: If you're going to wade into politics
herbissimus   7/29/2017 11:06:59 AM
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many economists assert that money doled out to the lower classes during an economic contraction like the one the world experienced  is almost all spent on goods and services. little is saved. if on the other hand the money is given to the upper classes a good portion is just saved, not even invested in new plant , equipment or even luxury goods. I suppose that you would have preferred that the gov't had done nothing to even attempt to help out our fellow citizens during such a severe contraction or even bail out those financial and industrial corporations. that's one approach, but it has little support among the great middle of both dems or republicans. ist viewed by most of us as too harsh and unnecessary a strategy to restore an economy in what appeared at the time to be free fall. the Donald promised the white working class who have never fully recovered a leg up by limiting immigration of the not so white and the importation of stuff made by the not so white as a way to get votes. perhaps he really believes that the last 8 years of economic recovery has not included them and they need a fair deal. as technologists we have tools learned through out technical experience that, if nothing else, low end production jobs are being wiped out all over industry. it would be both interesting and even illuminating to see the mix of skills necessary to run foxconn's proposed LCD factory. lets venture a guess. high school, 2 years of college or trade school and many college degreed people. just a few dropouts and autodidacts. industries of yester year, anybody off the street could rise like cream to the top. not so easy in industry anymore....educate, educate ,educate. too much to know and too much to just figure out on your own in most cases. look at youtube komatsu self driving truck. 

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