Marketplace has a new podcast for kids, "Million Bazillion!" EPISODE OUT NOW

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

Annie Baxter Dec 1, 2016
HTML EMBED:
COPY
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

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

Annie Baxter Dec 1, 2016
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
HTML EMBED:
COPY

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.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.