The state subsidizes the net revenue of VW, how VW divides it up between profits and wages is their business. You'd think that the Tennessee legislature would be happy to have more money in the hands of Tennessee workers who will spend money at Tennessee businesses instead of in the hands of stockholders in Germany, but maybe the politicians are playing the politics of unthinking envy and resentment.
The state subsidizes the net revenue of VW, how VW divides it up between profits and wages is their business. You’d think that the Tennessee legislature would be happy to have more money in the hands of Tennessee workers who will spend money at Tennessee businesses instead of in the hands of stockholders in Germany, . . . . . .
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The legislators simply don’t want VW to leave. The Union says they won’t do it, ask the Hostess workers how they feel about that promise. Ask the IH how they feel about that promise from UAW. The UAW leadership said that International Harvester had too much invested to go out of business or leave, right. Chrysler was too big to fail. Right. The big cost of production is labor. They would leave just to make a point and none of the people would be rehired in the new location. Germans are tough, and can be spiteful. The VW people already had a deal.