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Old 07-21-2008, 07:44 AM
 
13,140 posts, read 36,005,642 times
Reputation: 12077

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This just out about a new Tiawanese electronics firm Foxcom is building a HUGE Electronics plant right next to Santa Teresa Port of Entry in Mexico which will employ 20,000 workers as NM Economic Developement officials are stoked as they say this will create thousands of spin off jobs for Santa Teresa which is right next to El Paso.

What's good for Santa Teresa is good for El Paso.

Electronics plant across border could boost Southern N.M. - SantaFeNewMexican.com
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Old 07-21-2008, 12:22 PM
 
Location: El Paso, TX
5,080 posts, read 7,679,224 times
Reputation: 1105
Quote:
Originally Posted by 6/3 View Post
This just out about a new Tiawanese electronics firm Foxcom is building a HUGE Electronics plant right next to Santa Teresa Port of Entry in Mexico which will employ 20,000 workers as NM Economic Developement officials are stoked as they say this will create thousands of spin off jobs for Santa Teresa which is right next to El Paso.

What's good for Santa Teresa is good for El Paso.

Electronics plant across border could boost Southern N.M. - SantaFeNewMexican.com

This will do nothing for the Local economy. I don't see how minimum wage jobs will be a boon for the Santa Teresa area. Looks like the real winner is the company since they will be gaining 20 thousand really cheep laborers.
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Old 07-22-2008, 02:04 AM
 
13,140 posts, read 36,005,642 times
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I know Jerry Pacheco's reputation with the Dept of Economic Developement is very good in New Mexico as he's doing his darnest to develope Santa Teresa fand the Border crossing there as the Border Director. He's always a featiure in the New Mexico Business Magazine and the New Mexico Business Weekly including being guest on KKOB 770 morning show here in Albuquerque.

Anyway forget that i posted the story as i like being ridiculed when trying to be positive.

Last edited by Six Foot Three; 07-22-2008 at 02:47 AM..
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Old 07-22-2008, 02:11 AM
 
197 posts, read 451,338 times
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"Cheap labor" is becoming more and more relative and I would not assume that it means minimum wage across that headcount of 20 thousand. Maybe some, maybe a good percentage, but there will have to be some higher paying management positions.

The once cheap labor in China isn't so cheap any more. Among other reasons, with rising fuel prices it costs too much to get what they make into the U.S. Mexico and surrounding areas are much closer. Think about it... The face of global manufacturing is changing rapidly.
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Old 07-22-2008, 09:12 AM
 
Location: Mo City, TX
1,435 posts, read 2,705,730 times
Reputation: 1449
Quote:
Originally Posted by 6/3 View Post
I know Jerry Pacheco's reputation with the Dept of Economic Developement is very good in New Mexico as he's doing his darnest to develope Santa Teresa fand the Border crossing there as the Border Director. He's always a featiure in the New Mexico Business Magazine and the New Mexico Business Weekly including being guest on KKOB 770 morning show here in Albuquerque.

Anyway forget that i posted the story as i like being ridiculed when trying to be positive.
I did not think you were being ridiculed, but these type of manufacturers are not "world class" and I don't belive that they will contribute much of anything.

World Class companies from the far east = Toyota, Honda, Sony, Mitsubishi, etc...
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Old 07-22-2008, 11:01 AM
 
Location: El Paso, TX
5,080 posts, read 7,679,224 times
Reputation: 1105
Quote:
Originally Posted by 6/3 View Post
Anyway forget that i posted the story as i like being ridiculed when trying to be positive.
Sorry if you felt ridiculed.. that was not my aim. I just happen to disagree with this being anything positive for our side of the river. It seems like a fluff story.. lets tell the people of these 20 thousand jobs that they will never see, and then lets spin it to make them think there will be opportunities for our communities on this side of the river.

Alliswell, cheap labor is not minimum wage here in America, it is far less over in Mexico.
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Old 07-22-2008, 11:23 AM
 
13,140 posts, read 36,005,642 times
Reputation: 12077
Quote:
Originally Posted by Muhnay View Post
Sorry if you felt ridiculed.. that was not my aim. I just happen to disagree with this being anything positive for our side of the river. It seems like a fluff story.. lets tell the people of these 20 thousand jobs that they will never see, and then lets spin it to make them think there will be opportunities for our communities on this side of the river.

Alliswell, cheap labor is not minimum wage here in America, it is far less over in Mexico.
It's all good........ If they were reporting a plant in mexico then i wouldn't even post that as they are always buildiing plants somewhere in mexico which has no economic bearing for us but what caught my eye was when Mr. Pacheco stated that many spinoff jobs would be created on the NM side and those NM Economic directors only cue in to the high wage or high tech or they don't get involve.

Anyway lets hope they are successful in developing Santa Teresa as they predicted it would be another Rio Rancho (Fast Growing ABQ Suburb) but i know there is a water battle between Dona Ana County and the Developer as that's why the housing is still stalled.....what 3 or 4 years now ??
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