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(Manufacturing.net)   Chinese companies are expanding and creating jobs, in the US   (manufacturing.net) divider line 22
    More: Ironic  
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1201 clicks; posted to Business » on 23 Jun 2014 at 9:41 PM (36 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



22 Comments   (+0 »)
   
View Voting Results: Smartest and Funniest
 
2014-06-23 08:56:15 PM  
So what does 'import warehouse worker' pay, anyway?
 
2014-06-23 09:49:07 PM  
This is a just an example of the difference in Chinese versus US investment strategies. Chinese investors seek sustainable opportunities such as manufacturing, basic technology, or logistics that can develop reasonable returns over a long term  (say 10-15 years). US investors speculate on high-risk, high-return opportunities (like mobile apps) that have a fast (say 2-3 years) exit strategy. Which do you think creates and sustains more jobs?
 
2014-06-23 10:23:35 PM  

TotallyHeadless: This is a just an example of the difference in Chinese versus US investment strategies. Chinese investors seek sustainable opportunities such as manufacturing, basic technology, or logistics that can develop reasonable returns over a long term  (say 10-15 years). US investors speculate on high-risk, high-return opportunities (like mobile apps) that have a fast (say 2-3 years) exit strategy. Which do you think creates and sustains more jobs?


Young US investors or eccentric "1%-ers" invest in crazy.  The problem we have is that we demand quarterly reports and that outpaces fast (say 2-3 years, or 10-15 years) business development, and the talking heads on tv make their bucks off of proclaiming failure instead of potential success.
 
2014-06-23 10:31:58 PM  
As a frequent employee of foreign multinational corporations, I'm not surprised or bothered. Some suit in China giving you money to work for them is no different than if it were coming from Japan or Britain or France or Germany or Anerica.

All those exported dollars have to be reinvested somehow anyway, either in US Treasuries or real estate or entire companies.
 
2014-06-23 11:14:08 PM  
And Alabama offered to reimburse the company up to $20 million of its costs for building the $100 million factory. It will get the full amount if it ends up hiring 500 people, says George Alford of the Wilcox County Industrial Development Authority.

Ummm wha?

/$40k per worker..I guess that's not as high as some
 
2014-06-23 11:55:38 PM  
All the profits go back to Peking.
 
2014-06-24 12:01:26 AM  
If all the companies have names like Golden Dragon Precise Copper Tube Group, it can't be bad.
 
2014-06-24 06:51:48 AM  

cchris_39: All the profits go back to Peking.


And the workers get paid zero dollars?
 
2014-06-24 08:25:20 AM  

haterade: /$40k per worker..I guess that's not as high as some


$15/hour is $31,200/year, not $40k. Since we're in the double digits, I can't consider that a rounding error.

Unless you were talking about something else, in which case, make your post clearer.
 
2014-06-24 09:15:50 AM  
The "evil" oil and gas industry and its fracking have done more to pull the US out of a recession than any other single factor.  Lower energy costs and lower petrochemical products (plastics).  And there is still alot more to come.  At least 4-5 years or so of solid growth.
 
2014-06-24 09:32:08 AM  

ajgeek: haterade: /$40k per worker..I guess that's not as high as some

$15/hour is $31,200/year, not $40k. Since we're in the double digits, I can't consider that a rounding error.

Unless you were talking about something else, in which case, make your post clearer.


The state of Alabama is paying the Chinese company $40k per $31k job.
 
2014-06-24 10:46:39 AM  

BMFPitt: ajgeek: haterade: /$40k per worker..I guess that's not as high as some

$15/hour is $31,200/year, not $40k. Since we're in the double digits, I can't consider that a rounding error.

Unless you were talking about something else, in which case, make your post clearer.

The state of Alabama is paying the Chinese company $40k per $31k job.


Benefits?
 
2014-06-24 10:47:46 AM  
I think that Chinese manufacturing companies could revitalize Detroit.

We just need to get rid of all the Detroiters first.
 
2014-06-24 11:15:38 AM  
See!  It's trickling down!  It does work, hippies!
 
2014-06-24 11:27:42 AM  
I think Alabama might have been a little too generous based on some rough math.
 
2014-06-24 11:45:15 AM  

Gergesa: I think Alabama might have been a little too generous based on some rough math.


Upthread we have a Farker biatching that US investors are too focused on the short term, followed by posters biatching that Alabama isn't making back its investment principal in a year.

Hmmmmmmm
 
2014-06-24 12:04:37 PM  

sendtodave: Benefits?


Yeah, right. I bet they do IRA matching too!
 
2014-06-24 03:18:24 PM  

BMFPitt: ajgeek: haterade: /$40k per worker..I guess that's not as high as some

$15/hour is $31,200/year, not $40k. Since we're in the double digits, I can't consider that a rounding error.

Unless you were talking about something else, in which case, make your post clearer.

The state of Alabama is paying the Chinese company $40k per $31k job.


40k a year or 40k once?
 
2014-06-24 11:00:01 PM  

BMFPitt: ajgeek: haterade: /$40k per worker..I guess that's not as high as some

$15/hour is $31,200/year, not $40k. Since we're in the double digits, I can't consider that a rounding error.

Unless you were talking about something else, in which case, make your post clearer.

The state of Alabama is paying the Chinese company $40k per $31k job.


I almost feel sorry for you that nobody understood your point. Then again this is fark
 
2014-06-25 01:20:48 AM  
"Hey ya'll, we brought in some Chinese food from Uncle Bubba's Wok This Way Buffet Palace.  We even got some skrimps!  Ya'll eat skrimps, right?"
 
2014-06-25 08:01:04 AM  

brandent: I almost feel sorry for you that nobody understood your point. Then again this is fark

It was haterade's point originally, so at least 2 people understood.

Really we should feel sorry for the AL taxpayers.  But at least it's not quite as bad as giving the $20 million to noted video game developer Curt Schilling.

 
2014-06-25 09:14:47 AM  

brandent: BMFPitt: ajgeek: haterade: /$40k per worker..I guess that's not as high as some

$15/hour is $31,200/year, not $40k. Since we're in the double digits, I can't consider that a rounding error.

Unless you were talking about something else, in which case, make your post clearer.

The state of Alabama is paying the Chinese company $40k per $31k job.

I almost feel sorry for you that nobody understood your point. Then again this is fark


And a day later I finally caught up. Now I feel dumb and feel bad.

Shakin_Haitian: 40k a year or 40k once?


I'm pretty sure it's just once or this is a *rotten* as hell deal for Alabama.
 
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