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Or people will realize that they don't have to go to the same handful of cities to find a good job, when there are cities essentially begging for talent to take the jobs available.
$41.2 million dollar fine, but Tesla can purchase the whole building for just twice that amount. I really doubt they can reach the downsized employment requirement and $5 billion spending in NYS. NY is just planning ahead before the *&^% hits the fan, but in my mind $750 million in real money, not incentives, is a very poor use of taxpayer money when it loses 80% of its value in just a couple of years
Tesla got stuck with inheriting the Solar City Buffalo plant when they purchased the bankrupt Solar City Co. Solar City was already on the verge of going Bankrupt even before NYS gave Solar City the Buffalo Billion to build the plant, No bank, creditor, or investor would give Solar City a penny Yet NYS hands them a $ Billion because they were desperate , they were no other takers or interest to come to Buffalo even when NYS is giving Billions away to come to Buffalo shows you how bad Buffalo is
Last edited by Niagarapurple; 11-11-2019 at 08:47 AM..
All cities have non-profits, so it not just a Buffalo thing. What is a thing, however is that NO money has been pumped into the local economy via non-profits. That is money that is already in the local economy simply going in circles in a downward spiral till it's all gone. This money comes from taxes. Very high taxes. Not something to be celebrated.
That's why real, for profit jobs, especially in manufacturing need to be created. Those jobs sell their products out of town, and bring NEW money in.
All cities have non-profits, so it not just a Buffalo thing. What is a thing, however is that NO money has been pumped into the local economy via non-profits. That is money that is already in the local economy simply going in circles in a downward spiral till it's all gone. This money comes from taxes. Very high taxes. Not something to be celebrated.
That's why real, for profit jobs, especially in manufacturing need to be created. Those jobs sell their products out of town, and bring NEW money in.
It gets circulated by employees of non profits as well via being consumers and they also get private funding.
Also, we need to be honest about the for profit economy and its make up. I’ve mentioned this a million times, but manufacturing employment in the United States peaked 40 years ago and even the manufacturing we have now is more high tech. So, perhaps we need to adjust the educational system more towards this reality. Some are doing it, but the problem in Upstate is also a mismatch of skills for the openings that are already available. Meaning, not only does the educational system need to be adjusted for our youth, but some adults are going to have to go back to school/get more training for these jobs. So, let’s start with that...
“Manufacturing jobs peaked in 1979 at 19.4 million, according to the Bureau of Labor Statistics, and by 1987 had fallen to 17.6 million. What had been a slow decline in employment accelerated after the turn of the century, and especially during the Great Recession. Manufacturing payrolls bottomed out at fewer than 11.5 million in early 2010, and even though more than 900,000 manufacturing jobs have been added since, overall employment in manufacturing is still at its lowest level since before the U.S. entered World War II.”
“In 1953, at the height of the factory economy, manufacturing accounted for more than 28 percent of America's GDP. By 2009, that number had shrunk to 11 percent. Employment in manufacturing peaked in 1979, when nearly 20 million Americans worked in the sector; today, just over 12 million American jobs fall into the "manufacturing" category.”
It gets circulated by employees of non profits as well via being consumers and they also get private funding.
Also, we need to be honest about the for profit economy and its make up. I’ve mentioned this a million times, but manufacturing employment in the United States peaked 40 years ago and even the manufacturing we have now is more high tech. So, perhaps we need to adjust the educational system more towards this reality. Some are doing it, but the problem in Upstate is also a mismatch of skills for the openings that are already available. Meaning, not only does the educational system need to be adjusted for our youth, but some adults are going to have to go back to school/get more training for these jobs. So, let’s start with that...
“Manufacturing jobs peaked in 1979 at 19.4 million, according to the Bureau of Labor Statistics, and by 1987 had fallen to 17.6 million. What had been a slow decline in employment accelerated after the turn of the century, and especially during the Great Recession. Manufacturing payrolls bottomed out at fewer than 11.5 million in early 2010, and even though more than 900,000 manufacturing jobs have been added since, overall employment in manufacturing is still at its lowest level since before the U.S. entered World War II.”
“In 1953, at the height of the factory economy, manufacturing accounted for more than 28 percent of America's GDP. By 2009, that number had shrunk to 11 percent. Employment in manufacturing peaked in 1979, when nearly 20 million Americans worked in the sector; today, just over 12 million American jobs fall into the "manufacturing" category.”
Yes it does get circulated. But a better word for that is, it is "spent". Once it's spent, it's gone. Some, in the form of sales taxes, and the employees doing the selling also pay taxes, but ultimately, it gets spent down until it's gone. Private money also, comes out of someones pocket.
Just because manufacturing as a sector may be shrinking, the fact is hundreds of thousands or millions of NEW manufacturing jobs are being created every year.
As far as the mismatch of skills, in Buffalo, for instance when the steel mills closed, it wasn't like someone could just go out and start a capital intensive business such as steel business. Buffalo has been behind in making those adjustments.
I didn't specify just manufacturing, I was referencing any "product" that can be produced locally, and bring fresh new money into the region.
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