Rahvin:
Neither of us has the numbers to know whether it would have been a good deal for N.Y. But assuming an average salary of $60,000 per year per employee x 1,000 = $60 million per year for the citizens of the state. Add to that the cost of unemployment compensation, medical care etc. for the unemployed if AMD didn't come (the case) and the break even point is less than 5 years. This is a very simplistic and simple arithmetical calculation, but it demonstrates that the argument for keeping AMD here has at least some superficial merit. I'm sure the N.Y. folks gave it serious consideration. Something else we don't know is whether the state of New York and the county had enough money to pay the $3 billion. I'm assuming not. Most of the states are broke right now. It ain't just Cali.
I realize the free trade issues are very complex, but darn it, Americans need jobs. Bush isn't doing squat to make that happen and the states can't make it happen.
-Robert
Neither of us has the numbers to know whether it would have been a good deal for N.Y. But assuming an average salary of $60,000 per year per employee x 1,000 = $60 million per year for the citizens of the state. Add to that the cost of unemployment compensation, medical care etc. for the unemployed if AMD didn't come (the case) and the break even point is less than 5 years. This is a very simplistic and simple arithmetical calculation, but it demonstrates that the argument for keeping AMD here has at least some superficial merit. I'm sure the N.Y. folks gave it serious consideration. Something else we don't know is whether the state of New York and the county had enough money to pay the $3 billion. I'm assuming not. Most of the states are broke right now. It ain't just Cali.
I realize the free trade issues are very complex, but darn it, Americans need jobs. Bush isn't doing squat to make that happen and the states can't make it happen.
-Robert