Trump already saving American jobs - Carrier to keep jobs in the US

Some have suggested that this ends Sarah Palin's chances for a place in Donald Trump's cabinet. Then again, if he offers her the job (as Secretary of the Interior) and she accepts, Trump can reasonably expect her to tow the administration line from that point forward.

Trump is not going to feel threatened by this comment by Palin. Yes, in a purely ideological sense, this was not a very libertarian move and it did contain a measure of "Crony Capitalism". However, Trump is not a conservative or a libertarian and he has never really tried to pretend that he was.

With regards to Carrier, this was from a political and a PR perspective nothing short of brilliant by Donald Trump. As far as I can recall, Obama never did anything that even came close to rivaling this move by Trump on these two scores. Yes, it may cause Trump problems later on, but right now there is literally no better way for him to start his presidency than with this move.

His supporters and many middle Americans who may not have supported Trump are elated by this, and Corporate America has been put on notice.

Even if you are not a Trump supporter, which I am not, if you are an honest person you have to admit that this is an epic win for Donald Trump.

 

Fkn A man, this guy hasn't even taken office yet and people are already giving him credit for stuff and others are blasting him. Dude feels real bad for our nation. I hope we can heal up and unite together.

 

Job Score:

Trump: 1,000
Obama: 16 million

 

Obama created 16 million jobs? Were those the shovel ready jobs? I'm confused on this issue man.

Labor participation rate is low right now. People who are living off the government or have given up looking for work are at an all time high. How do we get these people working again? Dude will not stand for this, I will not stand man.

 

Yes Obama created that many jobs. Labor participation rate was always predicted to dip around now due to baby boomers retiring. You can't make 60 and 70 something year olds go back to work.

People are hurting because our economy collapsed 8 years ago and only now are wages finally recovering. Trump has been gifted something obama didn't have - a roaring economy. Hope he doesn't screw it up

 

I hope he doesn't screw it up either, man. But I'm not holding my breath here.

 

So what is it? Are manufacturing workers unskilled or not? Undereducated or not? What's going to be so hard to implementing those kinds of "educational programs" (which are called apprenticeships btw, a significant portion of the German workforce begin apprenticeships at age 15 at a company and are hired immediately after finishing school).

So what? The state decided the tax was too high and decided to just let the company keep it than taking it and using it somewhere else. They didn't take money from the people to give it to Carrier like many people are wrongly and stupidly saying.

Keep calling it a media event to the people who got to keep their jobs. This is why liberals are simply out of touch with common folk.

 

Huh? It's both. I clearly said there are a wide range of manufacturing. Not sure your point.

Apprenticeships, vocational training, etc there are a lot of different educational programs used by developed countries who have significant manufacturing to stay competitive.

Why not look at shortening high school for those willingly to commit to a trade or specialization?

That's up to the citizens of Indiana to decide whether or not the loss in revenue is beneficial. However tax breaks are a pretty common practice to lure companies to relocate or stay. Texas certainly uses them too.

The several hundred of them? Meanwhile how many thousands were added in the entire economy for November? Trump will have his turn to implement meaningful policy.

 

https://www.bloomberg.com/news/arti...es-after-trump-talks-alter-plant-closure-plan

This is definitely a great symbolic win for Donald Trump for now, how it'll turn out in the future is a big unknown.

The union leader associated with the deal & some carrier factory workers have already came out and accused Trump of "lying his ass off" when he inflated the # of jobs he managed to save by 50% when compared to reality.
After the deal, the CEO of United Technology (Carrier's parent company) bluntly stated there will be further layoffs at this Carrier plant in the future since they'll have to automate to compensate for this deal.
Carrier just announced a price increase to their products, though I think they've already hinted about this price increase prior to the announcement of this deal.

 

Carrier union leader calls out some of Trump's bull****, while giving Trump credit for his efforts: https://www.washingtonpost.com/news...er-on-trumps-big-deal/?utm_term=.378a3a53a51a



So Trump does what Trump does (within an hour of Jones' CNN interview):
http://money.cnn.com/2016/12/07/news/companies/trump-carrier-plant-mexico-union/



And Jones responds:


Of course Jones will be subject to the usual harassment people get when called out as an enemy by Trump.

 

Now witness the firepower of this fully armed and operational twitter account.

 

Yes, predictably, he's been receiving threatening phone calls, citing his family and people knowing where he lives, what he drives.

http://www.businessinsider.com/chuck-jones-trump-threats-2016-12

Nice country we're developing here. Speak your mind against the president, receive threats. I guess Devo was right: "freedom from choice ... is what you want!"

 

People who want to live in a mildly decent society, with freedom, should condemn a leader who attacks powerless individuals when he knows logically his most ardent followers will then also attack the powerless individuals.

This is so historically overwhelmingly obvious that nobody should have to even type it. But of course the great silence is and will continue to be deafening.

"Stop it." "I condemn." There is one person who could stop it.

 

He keeps getting away with it unfortunately, so I don't think he will stop it.

 

C'mon B-Bob, you have to admit that Trump lie and twitter attack number x+1 was an epic win for Donald Trump, even the Trump supporter non-supporters say so.

 

Carrier is investing 16 million in Indiana now that they are not closing the plant, guess what these 16 million will do? You guessed it, automation for the win!

http://finance.yahoo.com/news/ceo-united-technologies-just-let-231538059.html

The CEO of United Technologies just let slip an unintended consequence of the Trump-Carrier jobs deal

Exclusive: CEO who just went toe-to-toe with Donald Trump...


Exclusive: CEO who just went toe-to-toe with Donald Trump...
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Greg Hayes, the CEO of United Technologies, the parent company of the heating and air-conditioner manufacturer Carrier, just let slip a consequence of a deal struck to keep jobs in Indiana.

And American workers won't like it.

Carrier said last month that it would keep more than 1,000 jobs across two locations in Indiana, following pressure from President-elect Donald Trump. The decision was touted as a win for the incoming president, who had pledged keep the jobs from moving to Mexico.

In a wide-ranging interview with CNBC's "Mad Money with Jim Cramer" that aired Monday, Hayes set out the comparative advantages of moving to jobs to Mexico, the motivation behind his decision to keep those jobs in Indiana, and the ultimate outcome of the deal: There will be fewer manufacturing jobs in Indiana.

Before we get to that
First, Hayes was asked what's so good about Mexico. Quite a lot, it turns out. From the transcript (emphasis added):

JIM CRAMER: What's good about Mexico? What's good about going there? And obviously what's good about staying here?

GREG HAYES: So what's good about Mexico? We have a very talented workforce in Mexico. Wages are obviously significantly lower. About 80% lower on average. But absenteeism runs about 1%. Turnover runs about 2%. Very, very dedicated workforce.

JIM CRAMER: Versus America?

GREG HAYES: Much higher.

JIM CRAMER: Much higher.

GREG HAYES: Much higher. And I think that's just part of these — the jobs, again, are not jobs on assembly line that people really find all that attractive over the long term. Now I've got some very long service employees who do a wonderful job for us. And we like the fact that they're dedicated to UTC, but I would tell you the key here, Jim, is not to be trained for the job today. Our focus is how do you train people for the jobs of tomorrow?

So Mexico has cheaper labor with a much more dedicated workforce, and these are the kinds of low-skilled jobs most people don't find that attractive. Elsewhere in the interview, he made clear that United Technologies intended to keep engineering jobs in the US and that these higher-skilled jobs were not at risk of being moved overseas.

"The assembly lines in Indiana — I mean, great people," Hayes said. "Great, great people. But the skill set to do those jobs is very different than what it takes to assemble a jet engine."

Hayes was then asked why he decided to cancel the move to Mexico. From the transcript (emphasis added):

GREG HAYES: So, there was a cost as we thought about keeping the Indiana plant open. At the same time, and I'll tell you this because you and I, we know each other, but I was born at night but not last night. I also know that about 10% of our revenue comes from the US government. And I know that a better regulatory environment, a lower tax rate can eventually help UTC of the long run.

But here's the kicker
The result of keeping the plant in Indiana open is a $16 million investment to drive down the cost of production, so as to reduce the cost gap with operating in Mexico.

What does that mean? Automation. What does that mean? Fewer jobs, Hayes acknowledged.

From the transcript (emphasis added):

GREG HAYES: Right. Well, and again, if you think about what we talked about last week, we're going to make a $16 million investment in that factory in Indianapolis to automate to drive the cost down so that we can continue to be competitive. Now is it as cheap as moving to Mexico with lower cost of labor? No. But we will make that plant competitive just because we'll make the capital investments there.

JIM CRAMER: Right.

GREG HAYES: But what that ultimately means is there will be fewer jobs.

The general theme here is something we've been writing about a lot at Business Insider. Yes, low-skilled jobs are being lost to other countries, but they're also being lost to technology.

Everyone from liberal, Nobel-winning economist Paul Krugman to Republican Sen. Ben Sasse has noted that technological developments are a bigger threat to American workers than trade. Viktor Shvets, a strategist at Macquarie, has called it the "third industrial revolution."

Hayes said in the same interview that United Technologies was focused on how to "train people for the jobs of tomorrow."

In the same breath, he seems to be suggesting the jobs it is keeping in Indiana are the jobs of yesterday.

 

Trump is a petty human being. You support him...he sings your praises. You disagree with him or his made-up "facts"...he blasts you a new one.

Chuck Jones corrected the figures. Trump didn't like it so went on the offensive. If Chuck Jones would have backed up Trump's comments, then Trump would have been singing his praises. We're supposed to believe Trump knows what kind of job Chuck Jones has done in his career over the years. BS!!!

That is how you know we have a petty president on our hands. The best thing he can do is quit Twitter...because it makes him look like a fool every time he wants to praise someone who backs him versus blast someone who doesn't.

It's obvious he uses an intimidation factor in all his dealings...or else he'll make you look bad.

 

For us, yes. But for him, no.

Trump has little incentive to drop Twitter. It is his most powerful propaganda tool. He gets to set the media conversation without having to be directly challenged or answer questions. He gets his message into the "fake news" networks and echo chambers where people double down on his statements. And it gives him a bully pulpit with which to subject people like Jones to harassment by whatever nutcase is willing to take him seriously. Or even to threaten companies and see the markets respond wildly.

Until the media begins really calling out his blatant lies and distortions, he is living the strongman life big league.

 

I heard a thing on the news this morning that quoted one of Trump's media guys recently. He said something to the effect of, "It's like we own the New York Times...but without the overhead." They now have to learn how to better get their message out...hopefully without attacking individual citizens who speak out against the President and without causing a company to lose a billion dollars in value overnight.