Wisconsin’s Deal With Foxconn Was as Bad as They Come
The state offered billions to win a big factory. It will create some jobs, but at a staggering cost for taxpayers."If that all sounds like a bad deal, it’s because it is. Tim Bartik, an economist who studies industrial policy, calculates that Wisconsin is paying about 10 times the typical amount per job created. And that’s a best-case scenario. The Taiwanese company isn’t contractually obligated to deliver those 13,000 jobs -- it could decide to ship them to China instead, or even to close the Wisconsin factory in 10 years. In fact, Foxconn has already changed the type of factory it intends to build, switching to a cheaper, less advanced manufacturing process."