Editorial Board
Foxconn's Dubious Deal
There are good ways and bad ways to lure jobs. This is the latter.
Laugh it up, dudes.
Photographer: Andrew Harrer/BloombergIt’s a “once-in-a-century opportunity,” says Wisconsin Governor Scott Walker. For taxpayers' sake, he'd better be right.
Walker’s state is offering Foxconn Technology Group, maker of iPhones and much else, a staggering $3 billion in incentives to build a local factory. Optimistically, the deal will eventually create 13,000 direct jobs, at a mere public cost of $15,000 or so each -- that’s per job, per year. Wisconsin’s legislature is now mulling the plan.