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Friday, October 28, 2005
North Carolina is being manipulated into giving Lenovo, (based in China) a company that now holds the assets of IBM's PC division, up to $8.4 million dollars in "incentives" to keep jobs that are already here. Considering how many of this states politicians denounce outsourcing, I find it ironic that they're more than happy to pay an over seas company to keep jobs. I don't know how hard it is to drop a 1800 employee facility from your corporate structure, but I have a feeling its not very easy or profitable. I'm not an economist or a politician, but the threat to pull out if they don't get "incentives" seems like a bluff and this kind of payoff reminds me of mob protection money.
I'll grant the state that these are closer to the sorts of jobs they should be focusing on, but at the same time they seem to be fooling themselves into believing that manufacturing is still a strong industry in the US, and the sad truth is that it isn't. No amount of "incentives" or passable legislation is going to change that.
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