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More fully quoting him might be helpful "“From my standpoint, the driver of this is the business tax reform… if we get investment going, we get productivity goi
by JaimeThompson 7y ago
More fully quoting him might be helpful "“From my standpoint, the driver of this is the business tax reform… if we get investment going, we get productivity going, we get wage gain going, we invest another billion dollars. Every billion dollars AT&T invests is 7,000 hard hat jobs. These are not entry-level jobs. These are 7,000 jobs of people putting fiber in ground, hard hat jobs that make $70,000 to $80,000 per year,” Stephenson said at an event hosted by The Economic Club of New York on Wednesday."
- rayiner 7y agoRight, but the question still is: did AT&T invest that $1 billion? AT&T's capital expenditures in 2017 was $21.6 billion, and $25 billion in 2018: https://www.fiercewireless.com/wireless/at-t-s-capex-to-rise-to-25b-2018-from-just-21-6b-2017-tax-reform-firstnet https://www.fiercewireless.com/wireless/at-t-s-capex-to-rise.... In 2019, it is expected to be $23 billion: https://markets.businessinsider.com/news/stocks/at-t-expects-2019-gross-capital-investment-in-23-bln-range-1027860606 https://markets.businessinsider.com/news/stocks/at-t-expects....
- loktarogar 7y agonah, the question is did they create anywhere near 7000 jobs -23,000 seems to suggest no
- DFHippie 7y agoAnd given that Randall Stephenson said each billion would create 7000 jobs and AT&T got 3 billion, did they create anywhere near 21,000 jobs? He's kind of crappy at this. He was off by 44k. I guess making economic projections like this isn't in his wheelhouse.