NOT A GOOD DECISION
I had previously reported that the majority of jobs would still be lost to Mexico, and that Carrier Corporation would be keeping a small amount of employees at the plant in Indiana. There are various reports on the correct number of people that are getting axed. Trump claimed that the deal he made with Carrier would save employee jobs. Actually as reported today by CNN Money, Carrier actually made an announcement that 800 out of 1400 jobs would be saved, at a cost of $7 million dollars at the expense of U.S. taxpayers of Indiana. This means that at least 500 people will be let go from the comany. The company will also receive $200,000 a year to retain the 800 workers. What encouragement for other companies to copy what Carrier has done. Thank you Governor Pence, still acting Governor of the State and President-Elect Donald Trump!
Remember how Donald Trump claimed that he was going to tax Carrier at 35% of all products they sell to the United States but built in Mexico? It now looks like the shoe is now on the other foot. Carrier has now hiked the prices of its air conditioners and furnaces up to 5% and will take effect on January 1, 2017. To be honest about their decision, they planned to do this even before they negotiated with Trump, but the fact is even after all they are receiving to keep workers in the states, they will still up the cost of all products sold in the United States.