In my post from this morning, What We Are Reading 08/15/2017, I tagged the Op Ed piece by Wisconsin Governor Scott Walker extoling the virtues of the Foxconn deal. And of course the touted the ‘progress’ that Wisconsin has made under his administration and that Wisconsin is ready to do business. And he brought the Wisconsin unemployment number front and center in his editorial.
Foxconn is coming to our state is because we are ready. Once a bottom 10 state for business, Wisconsin is now in the top 10 states for business. Our 3.1% unemployment rate is better than the national average and the lowest since October 1999. We also have one of the best percentages of people working in the nation.
I don’t think a low unemployment rate is a selling point for any manufacturer much less one known for low wages. The last thing they want to do is compete with other industries in the area for qualified employees. That drives the cost of doing business up. I am sure that Foxconn would prefer to come into an environment where unemployment is higher…where they can hire the cream of the crop and get them for lower wages than they are entitled to. Once again our governor has no idea what he’s talking about.