Carrier Plant Will Keep Jobs in U.S

Félicitant Donald Trump provenant du New York Times, c’est un exploit !

Savez-vous que cette semaine le New York Time a reçu des tonnes de sel comme cadeau pour le Thanksgiving.

Beaucoup de gens étaient très mécontents de la couverture du New York Times vis-à-vis de Donald Trump, lors de l’élection présidentielle.

Évidemment New York Times favorisait indûment M. Hilary Clinton du vrai pur ‘bashing’ contre M. Trump.

Alors, dans les réseaux sociaux des milliers de personnes se sont mis d’accord d’envoyés des poches de sel au New York Times, dans le sens figuré pour signifier qu’il faut les prendres : ‘Avec un gros grain de sel’.

Trump-Hating NYT Reporters Stunned After Trump Fans Send 2,600 lbs. of Salt to Their Doorstep

Bon revenons à notre article, l’article le complémente, bien sûr en en envoyant un couple de flèches, enfin, c’est un début.

Donald Trump For Carrier Deal

Il y a d’excellent blogue alternatif aux États-Unis,
en voici un :
The Young Turks

Évidemment, M. Trump durant les élections avait fortement critiqué Carrier de délocaliser les opérations au Mexique.

Il semble qu’il a rétabli la situation.

Carrier’s decision to move the factory to Monterrey, Mexico, will eliminate 1,400 jobs by 2019. Mr. Trump quickly made the factory Exhibit A in his argument against the trade policies of Republicans and Democrats alike.

He cited Carrier again and again on the campaign trail, threatening to phone executives at the company and its parent, United Technologies, and to hit them with 35 percent tariffs on any furnaces and air-conditioners they imported from Mexico. To the cheers of his supporters, he predicted at rallies that Carrier would call him up as president and say, “Sir, we’ve decided to stay in the United States.”

Extrait de: Trump to Announce Carrier Plant Will Keep Jobs in U.S. By NELSON D. SCHWARTZNOV. , New York Times, 29, 2016

From the earliest days of his campaign, Donald J. Trump made keeping manufacturing jobs in the United States his signature economic issue, and the decision by Carrier, the big air-conditioner company, to move over 2,000 of them from Indiana to Mexico was a tailor-made talking point for him on the stump.

On Thursday, Mr. Trump and Mike Pence, Indiana’s governor and the vice president-elect, plan to appear at Carrier’s Indianapolis factory to announce a deal with the company to keep roughly 1,000 jobs in the state, according to officials with the transition team as well as Carrier.

Mr. Trump will be hard-pressed to alter the economic forces that have hammered the Rust Belt for decades, but forcing Carrier and its parent company, United Technologies, to reverse course is a powerful tactical strike that will hearten his followers even before he takes office.

“I’m ready for him to come,” said Robin Maynard, a 24-year veteran of Carrier who builds high-efficiency furnaces and earns almost $24 an hour. “Now I can put my daughter through college without having to look for another job.”

It also signals that Mr. Trump is a different kind of Republican, willing to take on big business, at least in individual cases.

And just as only a confirmed anti-Communist like Richard Nixon could go to China, so only a businessman like Mr. Trump could take on corporate America without being called a Bernie Sanders-style socialist. If Barack Obama had tried the same maneuver, he’d probably have drawn criticism for intervening in the free market.

Intéressant comme commentaire.

Trump and the Carrier Factory

In February, a video went viral showing furious workers in Indianapolis learning their jobs would be going abroad.

When Jennifer Shanklin-Hawkins saw Donald Trump talking about the factory on the news, all she could do was shout “Yessss!” at the TV. “I loved it,” she said. “I was so happy Trump noticed us.” (March 2016)

The day after the election, Paul Roell headed straight to the plant before sunrise, bleary-eyed but euphoric. “I don’t watch sports, but this was my World Series,” he said. (Nov. 13, 2016)

In exchange for keeping the factory running in Indianapolis, Mr. Trump and Mr. Pence are expected to reiterate their campaign pledges to be friendlier to businesses by easing regulations and overhauling the corporate tax code, according to a spokeswoman for Mr. Trump.

Pas très bon pour l’économie canadienne qui totalement empoté par la surrèglementations et d’une fiscalité variable selon les provinces.

The state of Indiana also plans to give economic incentives to Carrier as part of the deal to stay, according to local officials.

The message from Mr. Trump that captivated the Carrier workers — keeping manufacturing jobs in the United States after decades of losses to overseas factories and automation — resonated throughout the Rust Belt. That promise, plus his opposition to pacts like the North American Free Trade Agreement, were key reasons he was able to edge out Hillary Clinton in states like Pennsylvania, Michigan and Wisconsin.

Political symbolism aside, saving 1,000 Carrier jobs doesn’t loom so large in an economy that’s created an average of 181,000 jobs a month this year, noted Jared Bernstein, a liberal economist who served as adviser in the Obama administration from 2009 to 2011.

Still, he confessed a grudging admiration for Mr. Trump’s political jujitsu. “If I weren’t so scared of the damage a Trump administration might do, I’d find it refreshing to see an administration fighting for factory jobs like this,” he said. “That said, no one should confuse what Trump is doing here with sustainable economic policy.”


OPEN Graphic


Over the long term, and for less prominent firms, the temptation to move to cheaper locales for manufacturing will stay great, said Robert Reich, a prominent liberal Democrat who served as secretary of labor in the Clinton administration.

“Memories are short but the economic fundamentals remain the same,” he said. “Wall Street is breathing down companies’ necks to cut costs, and the labor savings in Mexico is too great.”

Mr. Trump first announced he was talking to Carrier on Thanksgiving Day via Twitter, which the company quickly confirmed. The discussions have continued this week, and with a tentative deal in hand on Tuesday, transition officials scheduled Mr. Trump’s and Mr. Pence’s visit to Indianapolis.

“I didn’t think it would be this quick,” Mr. Maynard said.

While the standoff loomed large in the lives of its employees in Indiana, for United Technologies the forgone savings is tiny — equivalent to about 2 cents per share in earnings.

 “Every penny counts, but if we step back and I’m looking at earnings of $6.60 per share this year, 2 cents is an easy concession if the president-elect listens to some of the company’s bigger concerns,” said Howard Rubel, a senior equity analyst with Jefferies, an investment banking firm in New York.

When Carrier announced in February that the two Indiana factories would be closing, it did offer benefits to employees facing layoffs, including paying for them to go back to school and retrain for other careers. Even with that, however, once the layoffs were to begin in mid-2017, most of the workers would have had a hard time finding jobs that paid anywhere near the $20 to $25 an hour that veteran line workers earn.

Carrier is best known for its air-conditioners, but it also sells a variety of other heating and cooling equipment for homes and businesses, like the gas furnaces and fan coils for electric furnaces made at the Indianapolis factory. The jobs in Indiana Mr. Trump has referred to are in two separate sites — the Carrier plant in Indianapolis, with 1,400 employees, and a United Technologies factory in Huntington, Ind., with 700.

While Carrier will forfeit some $65 million a year in savings the move was supposed to generate, that’s a small price to pay to avoid the public relations damage from moving the jobs as well as a possible threat to United Technologies’ far-larger military contracting business.

Roughly 10 percent of United Technologies’ $56 billion in revenue comes from the federal government; the Pentagon is its single largest customer. With $4 billion in profit last year, the company has the flexibility to find the savings elsewhere.

Members of Congress have been pressing to punish big military contractors if they move jobs outside the United States.

Many industrial companies face intense pressure from Wall Street to increase profits, even when the economy grows slowly — a major reason United Technologies decided to move.

Tout le problème est là, depuis que les taux d’intérêt les gestionnaires de fonds se sont jetés sur les actions des compagnies. Ce ne sont plus les présidents qui contrôlent les multinationales, mais les gestionnaires de fonds, ils se foutent totalement des peuples occidentaux, seuls intérêts maximiser leurs profits, et comme un Mexicain coûte 5 à 8 $ sur une chaîne de montage au lieu de 20 à 24 $ pour un employé américain, leur raisonnement est simple, délocalisation oblige pour faire encore plus de profit.

So if profits, trade and automation are not the driving forces, what is?

The major pressure to shift jobs abroad comes from the big hedge funds and private equity investors that have one goal only—to siphon as much wealth as possible out of companies like United Technologies. High profits, low profits or no profits, they pressure company after company to squeeze their costs as much as possible so there is more money available for the company to buy back its own shares.

Why? Because stock buybacks immediately raise the share price and give the big hedge funds an instant windfall.

Before a 1982 SEC rule change—a major turning point in the disastrous deregulation of finance—massive stock buybacks were illegal because they were considered stock manipulation and a major cause of the 1929 crash. Now, Wall Street extracts billions from this destructive activity. It's what drives runaway inequality. (For the definitive account see Professor William Lazonick's "Profits Without Prosperity," Harvard Business Review.)

CEOs cherish this process because they now derive the majority of their compensation through stock incentives. So by acting as Wall Street shills, they drive up the price of stock and become richer and richer themselves.(1)

Lecture complémentaire: Dérape : Profits sans prospérité

That won’t change after Mr. Trump takes office — especially when hourly pay in the Indianapolis plant is equivalent to what workers in Mexico make in a day.

“This is a spot solution,” said Mohan Tatikonda, a professor at the Kelley School of Business at Indiana University. “If it goes through it helps some Carrier employees for a period of time, but it doesn’t address the loss of manufacturing jobs to technological change, which will continue.”