President-elect Donald Trump says he has a deal with Carrier Corporation to keep about 1,000 Indiana jobs from going to Mexico. The heating and air conditioning firm’s parent company, United Technologies, wants to raise profits by using cheaper labor in Mexico.
At the same time, United Technologies has been doing what many corporations do these days: investing billions of dollars in cash to buy back its own shares… money that critics say could be invested in things like its workforce.
Click the above audio player to hear the full story.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.