Apple, Foxconn, Wisconsin

After reading Janesville, I couldn’t help but be interested in this perfectly titled piece in The Atlantic.

Numbers to ponder:

“It has up to $3 billion in tax breaks, to be passed and provided by the state government. Those kinds of tax incentives can get a manufacturer to plant a factory in a given location—but generally at a significant cost to the state budget, and without doing much to help the economy overall.”

What does $3b mean?

“The Washington Postestimates that the breaks could cost the state as much as $230,700 per job created. Tim Culpan at Bloomberg Businessweek puts it at $1 million per job, enough to buy every man, woman, and child in Wisconsin a new iPhone.”

So the margin of error is only $770k/per job created. I recommend the rest of the succinct piece.

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