Well, well, the political love-fest over the much bally-hooed and promised 13,000 employees at Foxconn is already being shot down – by Foxconn. It appears that they underestimated their labor costs in WI – WHOOPS! – whose cost for workers is much higher than those in existing Foxconn manufacturing facilities located in China, India and Third World Hell-Holes. It appears that the politicians, in their haste to help Guv. Scott Walker out of his jam for failing to produce 250,000 jobs, simply didn’t understand that Foxconn would have to be able to manufacture LCD TV’s at a price point low enough to sell millions of units and still make a profit. Political overreach by Politicians who know nothing about operating a profitable business – only tax and spend. TSK – TSK.
By the way – 250,000 imaginary jobs minus 13,000 imaginary jobs still leaves a deficit of 237,000 imaginary jobs. Just IMAGINE THAT! As for those 13,000 jobs – well, they may very well appear – but it still has to be determined how many jobs each i-SLAVE employee will be assigned.
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