Should-Read: Chris Isidore: Carrier to Ultimately Cut

Should-Read: Chris Isidore: Carrier to Ultimately Cut: “Union boss on Trump feud: I called him out…

…It sounded like great news when Carrier said last week that it would invest millions in the Indiana plant it decided to keep in the U.S… a $16 million investment in the facility. But… most of that money will be invested in automation…. “We’re going to…automate to drive the cost down so that we can continue to be competitive,” he said on an interview on CNBC earlier this week. “Is it as cheap as moving to Mexico with lower cost labor? No. But we will make that plant competitive just because we’ll make the capital investments there. But what that ultimately means is there will be fewer jobs.”

The decision to keep Carrier’s furnace manufacturing operations in the U.S. instead of moving them to Mexico will save about 800 jobs out of the 1,400 at the plant, at least in the near term. The company declined to say how many of the plants 800 remaining jobs could be lost to automation, or when…