Good Jobs First Subsidy News

07/29/2017

By Greg LeRoy, Fast Company

The biggest jobs deal yet to be announced during the new presidential administration exemplifies everything that’s wrong with our nation’s economic development system.

The tone was giddy as President Donald Trump himself headlined a July 26 White House event to announce that Taiwanese electronics maker Foxconn will build a large new plant in southeastern Wisconsin. Warming up the crowd were Foxconn chairman Terry Gou, Wisconsin Gov. Scott Walker, and House Speaker Paul Ryan, in whose Congressional District the plant will likely reside.

07/11/2017

By Greg LeRoy, CNBC

Then-candidate Donald Trump made American jobs a hyper-politicized issue, and even though unemployment is low, it's still big news when Carrier lays off workers in Indiana or when Taiwanese electronics giant Foxconn eyes Midwestern states to possibly create thousands of new jobs.

States and localities spend aggressively to lure private investment: one academic study estimated $70 billion per year — and that was before the Great Recession prompted some governors and mayors to double down on tax-break offers.

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