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Marketplace Morning Report

Can this man deliver Brexit?

Jul 23, 2019

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Marketplace Morning Report

What politicians don’t get: companies don’t want to create jobs

Annie Baxter Dec 1, 2016
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President-elect Donald Trump puts on a miner's hat while speaking during a rally on May 5, 2016 in Charleston, West Virginia.   
BRENDAN SMIALOWSKI/AFP/Getty Images

President-elect Donald Trump gave more details today about a deal with the air conditioner company Carrier to retain about half the jobs it had planned to outsource to Mexico. About 1,000 jobs will stay, but it appears that Carrier’s parent company, United Technologies, may still move as many or more jobs.

More manufacturing jobs disappearing than staying? That’s a familiar script. The corporate strategy at many companies — manufacturers or otherwise — is to cut jobs, not create them.

Click the audio player above to hear the full story.

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