Sure. How about an interview with the CEO of United Technologies?
GREG HAYES: Right. Well, and again, if you think about what we talked about last week, we're going to make a $16 million investment in that factory in Indianapolis to automate to drive the cost down so that we can continue to be competitive. Now is it as cheap as moving to Mexico with lower cost of labor? No. But we will make that plant competitive just because we'll make the capital investments there.JIM CRAMER: Right.
GREG HAYES: But what that ultimately means is there will be fewer jobs.
And what will that advanced technology production equipment do? Automate production and eliminate workers.
The poor Indiana workers can choose their poison - be replaced by a Mexican or a robot.
So CEO uses the word “ultimately”....
He does not seem to be making statement that even most jobs will be lost to Automation nor is he saying that those jobs lost will be in the near future. From what you said, it sounded rather immediate and all-encompassing.
Would you rather the jobs go to Mexico and the Indiana economy languish? There is the multiplier effect of money spent that stays in the community and state—lost of the entire production line is south of the border.
My hope is that workers will be retrained for new businesses that spring up in Trump economy.