> The GlobalFoundries expansion would create up to 1,500 manufacturing jobs and 9,000 construction jobs over the next 10 years, federal officials said.
So assuming the construction jobs are temporary and the manufacturing jobs is what remains, this works out at around $2.066 million per employed personnel. Assuming a federal income tax rate of 20% and a 30 year tenure, this means the personnel should have a take home pay of $344k/year. And this is just for the scheme to break-even.
I think this IRA (the act) and CHIPS act are going to be just another wealth transfer where the "work" being done just to check boxes to be eligible for the money getting sloshed around.
So assuming the construction jobs are temporary and the manufacturing jobs is what remains, this works out at around $2.066 million per employed personnel. Assuming a federal income tax rate of 20% and a 30 year tenure, this means the personnel should have a take home pay of $344k/year. And this is just for the scheme to break-even.
I think this IRA (the act) and CHIPS act are going to be just another wealth transfer where the "work" being done just to check boxes to be eligible for the money getting sloshed around.