PILOT SPIN
Spin Zone => Spin Zone => Topic started by: Little Joe on December 06, 2016, 07:56:18 PM
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http://www.usatoday.com/story/tech/news/2016/12/06/trump-softbank-invest-50b-us-create-50000-jobs/95050926/
SAN FRANCISCO — Telecommunications giant SoftBank Group plans to invest $50 billion into the U.S. economy, and add 50,000 jobs, president-elect Donald Trump announced in New York Tuesday.
In another article I read where they said they would not have committed to this had Trump not won the election.
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Isn't that a million dollars per job?
Can I have one of those jobs?
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Isn't that a million dollars per job?
Can I have one of those jobs?
The investment is not designed as a jobs program. Jobs are a side benefit. And it's not like the US has to pay the $50B to get the jobs. The Japanese are investing the $50B in an effort to make much more than that back. The American jobs are just an expense to the company and a benefit to American workers.
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And then there is this:
http://fortune.com/2016/12/07/foxconn-us-expansion/
Foxconn, the world’s largest contract electronics manufacturer and a major Apple AAPL -0.05% supplier, said on Wednesday that it was in preliminary discussions to expand its operations in the United States.
Obama would have told them to pound sand.
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There are MANY progressives and little snowflake liberals that think it is disrespectful of FOXCONN to seek to achieve success by thwarting the political agenda of Barack Obama and (gasp) bringing jobs to the USA.
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And then there is this:
http://fortune.com/2016/12/07/foxconn-us-expansion/Obama would have told them to pound sand.
Obama would have encouraged them to locate in Mexico, you know, we need to see to the needs of those poor Mexicans who could use those jobs............spread the wealth around.
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The investment is not designed as a jobs program. Jobs are a side benefit. And it's not like the US has to pay the $50B to get the jobs. The Japanese are investing the $50B in an effort to make much more than that back. The American jobs are just an expense to the company and a benefit to American workers.
My read was that Japan was going to spend 50B in the US. That money is going to create only 50,000 jobs? Where does the rest of the money go?
This is like Obama's stimulus package, which cost almost 500,000 per job created "or saved".
If only 10% is being spent salary, where is the rest of the money going? If it's buying things, won't those things also create jobs?
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My read was that Japan was going to spend 50B in the US. That money is going to create only 50,000 jobs? Where does the rest of the money go?
This is like Obama's stimulus package, which cost almost 500,000 per job created "or saved".
If only 10% is being spent salary, where is the rest of the money going? If it's buying things, won't those things also create jobs?
It's $50B new investment from an outside source. There is no comparison to Obama's stimulus which took money from one pocket and moved it to another, rather than allow the original owners of the money invest it as they saw fit. You might see it as $1Mil/job, but I see it as 50 thousand new jobs that someone else is financing. The R&D that will occur here and the factories that will be built here are going to generate a lot of capital turnover, which is good for our economy.
I guess I just don't understand why people have to look for a dark cloud in every silver lining. Would you prefer Japan made that investment in China, or Mexico?
>:( >:( >:( >:(
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It's $50B new investment from an outside source. There is no comparison to Obama's stimulus which took money from one pocket and moved it to another, rather than allow the original owners of the money invest it as they saw fit. You might see it as $1Mil/job, but I see it as 50 thousand new jobs that someone else is financing. The R&D that will occur here and the factories that will be built here are going to generate a lot of capital turnover, which is good for our economy.
I guess I just don't understand why people have to look for a dark cloud in every silver lining. Would you prefer Japan made that investment in China, or Mexico?
>:( >:( >:( >:(
Not at all. I'm not questioning the investment. I'm questioning why 50 billion dollars spent in the US only creates jobs totaling about 2.5 to 5 billion in salaries. What that means is that 47.5 billion is going into corporate coffers.
So what will they do with the money? I hope create even more jobs. So it won't be just 50,000 jobs, it will be a lot more that can't be directly tracked.
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Not at all. I'm not questioning the investment. I'm questioning why 50 billion dollars spent in the US only creates jobs totaling about 2.5 to 5 billion in salaries. What that means is that 47.5 billion is going into corporate coffers.
So what will they do with the money? I hope create even more jobs. So it won't be just 50,000 jobs, it will be a lot more that can't be directly tracked.
Infrastructure, tooling, machinery, computers, offices, lawyers, building permits, other sundry permits, advertising, inventory, etc, etc.
That $50B could also be spread over many years on an escalating scale. Again, not enough know facts to make a judgement.
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Not at all. I'm not questioning the investment. I'm questioning why 50 billion dollars spent in the US only creates jobs totaling about 2.5 to 5 billion in salaries. What that means is that 47.5 billion is going into corporate coffers.
So what will they do with the money? I hope create even more jobs. So it won't be just 50,000 jobs, it will be a lot more that can't be directly tracked.
Nobody "invests" money into corporate coffers. That is where they stash profits. Apparently, the investments are to be into, as of yet, undetermined startups. A startup with only a few key people may easily require several million dollars seed money. Some of them may fail but some of them may generate thousands of jobs over time. I don't know where they got the 50,000 number, but at this point, I suspect it is a starting swag, or more accurately, an educated guess.
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Foreign investment is a good thing! Shows confidence in the US markets and the potential for profitability on the part of the investor. This of course has been going on for a while, 2015 Foreign Direct Investment was 348 billion, up from previous years:
http://www.esa.doc.gov/sites/default/files/foreign-direct-investment-in-the-united-states-update-2016.pdf
How that money is invested makes all the difference as far as jobs. A foreign investor buying real estate - maybe not much change. A new manufacturing plant - certainly.
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Foreign investment is a good thing! Shows confidence in the US markets and the potential for profitability on the part of the investor. This of course has been going on for a while, 2015 Foreign Direct Investment was 348 billion, up from previous years:
http://www.esa.doc.gov/sites/default/files/foreign-direct-investment-in-the-united-states-update-2016.pdf
How that money is invested makes all the difference as far as jobs. A foreign investor buying real estate - maybe not much change. A new manufacturing plant - certainly.
This is true. When I worked for the Dept. of Commerce my job was to get foreign direct investment, especially manufacturing into the U.S. to create jobs as well as promote foreign trade of U.S. goods, again to create jobs, and enhance economic health of companies here in the U.S. Foreign investment is a good thing, especially if it has a lot of value add, and innovation done here in the U.S. Exporting is just a slam dunk.