Many have wondered what kind of jobs Foxconn might bring to the area. Certainly, after the exodus of Chrysler, the average wage in the Kenosha/Racine area has dropped significantly. The local economy diversified, but it was not out of the ordinary to see full time wages offered in the 12-13 dollar per hour category.
Residents have become guarded when approached with the notion that another large employer will come to the area to become their savior.
According to the WEDC, average earners at Foxconn will make a living wage. The average wage is scripted to be $25.90 per hour. Also detailed in the accord is the offering of competitive benefits- workers will be considered “full time” employees and qualify for health insurance, PTO and other benefits if they average 1,560 hours per week. And, full time employees will average the normal 2080 hours worked per year.
While some remain skeptical, an annual average salary of 53,872.00 has the potential of dramatically increasing home ownership and creating a flourishing local economy.
Below is a chart from the WEDC review of the project, its categories, etc.
For the purpose of clarification, the technical name of the company entering into agreement with the State of Wisconsin is SIO International and both AFE and FEWI are affiliated, as well.
- Highway 11 Traffic Shift as Foxconn Project Continues July 10, 2020
- Fact Check: Gwen Moore is Wrong Expecting 13,000 Jobs from Foxconn Already March 12, 2020
- WI Foxconn Plant Nears Finish: Lawmakers Want Clarity February 25, 2020
- Gov Evers: Foxconn Showing More Transparency January 16, 2020
- Foxconn Confident It Will Get Tax Credits This Year December 13, 2019
- Foxconn Contracts Top $350M December 2, 2019
- Foxconn Teaches Wisconsin Managers Chinese in Taiwan November 19, 2019
- Foxconn in Wisconsin Could Help Trump in 2020 November 7, 2019
- Foxconn ‘Earn & Learn Program’ – Hiring Students Full-Time October 7, 2019
- Foxconn and University of Illinois Strike Up $100 Million Deal October 3, 2019