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SOURCE: CNN MONEYURL: http://money.cnn.com/2016/12/08/news/companies/carrier-jobs-automation/index.htmlby Chris Isidore It sounded like great news when Carrier said last week that it would invest millions in the Indiana plant it decided to keep in the U.S.The company's deal with President-elect Donald Trump to keep a furnace plant from moving to Mexico also calls for a $16 million investment in the facility. But that has a big down side for some of the workers in Indianapolis.Most of that money will be invested in automation said to 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."The decision to keep Carrier's furnace manufacturing operations in the U.S. instead of moving them to Mexico will save about 800 jobs out of the 1,400 at the plant, at least in the near term. The company declined to say how many of the plants 800 remaining jobs could be lost to automation, or when.CLICK ABOVE LINK FOR THE REST...
Not surprised. But it will just be manipulated further. The government is the answer, don't you know.
No no no...that is old school. We are in the age of Trump. You must feeeeeeeellllll the power coming through his tweeting fingers. Trump is now the government and so the government is now good (excuse me while a choke).
?? Did I miss something? Lack of faith in what? Or whom? Am I missing the joke? I thought we were agreeing in that fun sort of sarcastic back and forth way. However I am sometimes too fast and sloppy with these posts. Tell me what I have a lack of faith in.
Yet another free lunch that didn't come in. Anybody surprised?