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.
It's an interview with Jim Cramer. I haven't looked but I'm sure you could find it on the CNBC website.
He does not seem to be making statement that even most jobs will be lost to Automation...
Come on. That's been the story of the last 30 years in manufacturing.
That's why US manufacturing output is close to an all time high but manufacturing employment continues to drop.
I don't want the jobs to go to Mexico but keeping them here at their current labor rate doesn't work for Carrier. The laws of economics are what they are.