This is a good analysis. Predicts pretty much exactly what I speculated:
– Foxconn will heavily automate the facility, this reducing potential jobs to a minimum.
– Foxconn is receiving $3 billion in tax breaks over 10 years. Basically, not paying any taxes.
This is more of the USA paying for Foxconn (and Apple) to profit heavily. 😉
Wisconsin’s plan to treat Foxconn to $3 billion in tax breaks in exchange for a $10 billion factory is looking less and less like a good deal for the state. In a report issued this week,…