Trump-Carrier Deal: Will It Set a Precedent?

The video discusses a deal to save jobs at Carrier, highlighting the impact on workers and the limitations of such deals. It questions the sustainability of using state incentives and tax breaks to retain jobs, given the broader economic forces like automation and globalization. The video also critiques the cost of these incentives and suggests retraining as a potential alternative. It concludes by comparing Trump's campaign promises with the actual approach taken, using incentives rather than tariffs.

What is the immediate outcome of the Carrier deal?

• All jobs are saved and no jobs are moved to Mexico.

• No jobs are saved, and no jobs are moved to Mexico.

• Around 1000 jobs are saved, but 1300 jobs are still moved to Mexico.

• All jobs are moved to Mexico.

What was a significant part of Donald Trump's campaign related to the Carrier deal?

• Increasing the wages of Carrier employees.

• Reducing the number of jobs at Carrier.

• Guaranteeing to stop the Carrier transaction from moving forward.

• Promising to increase taxes on Carrier.

What is a major concern about the sustainability of the Carrier deal?

• It will completely stop globalization.

• It may not set a precedent for other companies.

• It will lead to an increase in automation.

• It will result in higher wages for all employees.

What are some of the broader economic forces affecting manufacturing jobs?

• Rising wages and decreasing automation.

• Decreasing globalization and increasing employment.

• Increasing automation and globalization.

• Decreasing productivity and increasing employment.

What alternative solution is suggested instead of relying on tax incentives?

• Increasing tariffs on imported goods.

• Retraining workers who may lose their jobs.

• Providing free housing to employees.

• Reducing the working hours of employees.