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Note, as mentioned by others, that's probably 3k to 13k "job years", so more like 6M to 150M usd. Not a very good deal. And 70k avg salary seems high?
by e12e 9y ago
Note, as mentioned by others, that's probably 3k to 13k "job years", so more like 6M to 150M usd.
Not a very good deal. And 70k avg salary seems high?
- shagie 9y agoThe deal is for workers making $30k/y and an overall average after some time of $53k/y (including white collar jobs).
- bb88 9y agoGood point. That becomes around 40 years then to repay the cost.
- shagie 9y agoSo its in the thread... https://www.jsonline.com/story/news/politics/2017/11/24/got-questions-wisconsin-foxconn-deal-we-have-some-of-answers/892538001/ https://www.jsonline.com/story/news/politics/2017/11/24/got-... is the reference for many of the points of numbers. > To receive the state payments, Foxconn would essentially have to hire a sharply escalating number of workers, starting with at least 260 next year and rising to at least 5,200 in 2022 and at least 10,400 by 2027. > Foxconn would have to pay a worker at least $30,000 a year to earn the incentives on that hire, with a required average salary for all workers of $53,900 annually. If Foxconn lies to the state, closes the plant or falls below certain jobs minimums, the company could have to repay some of the incentives.
- bb88 9y ago$70k was a "best" case scenario to do the calculation.