Is Foxconn Making Money?
Some of the numbers Foxconn is handing out sound fishy. The most questionable figure is the 13,000 people that Foxconn claims the factory will employ and the projected payroll.
Foxconn claims it will pay an average salary of $53,000 a year at the 20 million square foot plant – which would mean a yearly payroll of $689 million. That sounds fishy and unviable to me. A more likely scenario is that most of the work will be done by robots, which would be cheaper.