Sometimes, a state-cajoled, anti-market confidence game unravels quickly, revealing the fraud that it is. Trump’s Carrier deal is one of those occasions.
Three days ago, the news was that Trump’s Carrier deal was worth hundreds fewer jobs than he’d proudly boasted. (See, Trump’s Carrier Deal: Fewer Saved Jobs With Each Passing Day: ““We found out today that more jobs are leaving than what we originally thought,” Bray said. “It seemed like since Thursday, it was 1,100 then it was maybe 900 and then now we’re at 700. So I’m hoping it doesn’t go any lower than that.”)
Now, only half a week later, one learns that of this smaller number of saved jobs, some will be lost through automation:
But that has a big down side for some of the workers in Indianapolis.
Most of that money will be invested in automation said Greg Hayes, CEO of United Technologies, Carrier’s corporate parent. And that automation will replace some of the jobs that were just saved.
“We’re going to…automate to drive the cost down so that we can continue to be competitive,” he said on an interview on CNBC earlier this week. “Is it as cheap as moving to Mexico with lower cost labor? No. But we will make that plant competitive just because we’ll make the capital investments there. But what that ultimately means is there will be fewer jobs.”
Via Carrier to ultimately cut some of jobs Trump saved.
For broad economic policy, there’s the prosperity that comes from free markets in capital, labor, and goods, and then there’s…everything else (including targeted breaks underlying exaggerated, misrepresented results).
Desperate but hopeful people wanted to keep their jobs with Carrier in Indiana. As it turns out, the promises of over a thousand jobs retained (albeit at a cost to other taxpayers) were exaggerated, whether by carelessness or manipulation:
INDIANAPOLIS (WTHR) – The Carrier deal, brokered by President-elect Donald Trump, may not have saved as many factory jobs as was presented at the plant last week in Indianapolis.
Carrier workers received a flyer from the United Steelworkers, Local Union 1999. It details which jobs are staying here in Indy and which are going to Mexico. The numbers are a bit different from last week’s big announcement.
Last Thursday, amid much fanfare, President-elect Trump spent time on the factory floor and talked with union workers at the westside Indianapolis Carrier plant.
“We’re keeping a little over 1,100 jobs it turns out,” he told them.
He also made a big announcement about a big deal reached with United Technologies, Carrier’s parent company, to save 1,100 American jobs that were going to be moved to Mexico….
But [T.J.] Bray and other union workers just learned some new numbers about the actual number of production jobs saved by the Trump-Pence deal….
“We found out today that more jobs are leaving than what we originally thought,” Bray said. “It seemed like since Thursday, it was 1,100 then it was maybe 900 and then now we’re at 700. So I’m hoping it doesn’t go any lower than that.”
Union workers got a letter at the plant saying Trump’s deal with Carrier will save only 730 factory jobs in Indianapolis, plus 70 salaried positions – 553 jobs in the plant’s fan coil lines are still moving to Monterrey, Mexico.
All 700 workers at Carrier’s Huntington plant will also lose their jobs.
Via USW: 730 union jobs saved in Carrier deal – not 1,100 @ WTHR.