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© Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.Panasonic selects Kansas for vehicle battery mega-factory
By JOHN HANNA TOPEKA, Kan©2024 GPlusMedia Inc.
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Alan Bogglesworth
Should be made in Japan.
Rodney
China is cheaper and has the labor and resources.
Yrral
Building in a scab state
Snowflakes
They want to be close to Telsa's plants in the US. If you look at the map, Telsa has a car plant in California and
Panasonic has battery Plant in nearby Nevada. Telsa has a new car plant in Texas, so it makes economic and supply chain sense to put the battery plant somewhere close. Moreover, Panasonic just built a new plant Wakayama to make batteries.
Snowflakes
and China forces you to give up your tech. Besides, does it make political sense for a Japanese company to build in China.
Attilathehungry
China is also a totalitarian socialist hellscape. It is the LAST place you want to invest any money. Better to invest in a friendly country that will be on your side in the future.
WeiWei
Again billions of dollars of taxpayer money to multibillion dollar megacorporation. Therevare better ways to spend the tax dollars than giving it to corporations who are already hoarding money and not paying a living wage.
Nemo
Try reading the article again. The average wage will be 50k a year which is a fair amount of money in KS, my home state. Especially in rural KS. And that is for a 40 hour week. W. overtime it could be much more.
And perhaps you have forgotten the cluster-duck that was the Brownback experiment where he cut taxes and spending way past the bone and no jobs came, just broken localities?
Kansas is a right to work state. And I don't recall you ever being so pro-union before? Perhaps you are just for higher costs for consumers?
Mark
Only fools invest in China, doing business in China is a ONE WAY relation.
Desert Tortoise
Kansas is more like China in those terms than you might realize ...........
Desert Tortoise
Politicians never want to listen to economists who will tell you that in almost every case the revenue sacrificed for subsidies of private ventures is never fully recouped in terms of greater employment and increased tax revenues from that extra employment. In almost every case studied (I stick the "almost" in there only because I haven't studied every occasion of a subsidy, but every single study of subsidies I am familiar with indicates they are net money losers for the government) subsidies never return as much as is spent. It is a taxpayer give away, a bribe for them to locate in your district or state so the politician can brag at the next election.
Desert Tortoise
It is half what the former employees of that close Army depot were paid. The current median household income in Kansas is $62,087. I can't find a median wage, only a mean wage. A math head will understand the difference and thus my preference for the median value.
Nemo
Dessert,
I grant you the points while noting that the Army plant is closed and gone.
By way of analogy, I used to have a 75 cm waist and I once went from the 5th station to the summit of Fuji in 2 hours 38 min. Fun times but those days are over.
I do not have hard data for you but my recollection is that the average wage in rural KS varies widely between the upper 20s and lower 30k per year. It really depends on how much acreage one has there are really no other opportunities outside of KC, Wichita, Lawrence and Topeka.
My own experience is a single data point and dated but WAY back in 97 before I went to graduate school, I was working a factory job in Lawrence (Go Jayhawks!) and grossed 42k working 12 of OT a week. We had a solid, if not extravagant lower middle-class lifestyle of a 2 bedroom 1.5 bath duplex and 2 (used) cars. Of course there were kids back then, so.....
My point being that even with time and inflation, I believe that 50k base wage in Desoto, which is a pretty rural area without a lot of other opportunities is a pretty good wage.
As to your point about govt. subsidies, I would tend to agree with you in most cases. It may be home state bias here, but I would LIKE to think that the settled nature of a factory and the supply chain that comes with it would balance things out. I guess we are going to find out...