4 ms·
Every other company in the state will have a harder time hiring those workers because they aren't receiving a subsidy bolstering their after-tax profits. It's u
by krrrh 9y ago
Every other company in the state will have a harder time hiring those workers because they aren't receiving a subsidy bolstering their after-tax profits. It's unfair to make all other business essentially transfer money to one that spins a good story to politicians.
- jrs235 9y agoThis. Not only does giving credits and incentives to huge organizations harm other local organizations because competing on wages is more difficult for them now, it also increases systemic risk and transfers more power to the Goliath. When "everyone" is dependent on the too big to fail organization, that organization can throw around more threats that they will leave if they don't get what they want. Now everyone is beholden to it. These deals are bad all the way around.
- tonypace 9y agoFoxconn / Hon Hai had an extensive record of doing exactly this in Taiwan. I would be surprised if they haven't done the same in China.