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With the state offering enormous subsidies to lure Foxconn to Wisconsin, lawmakers should at the very minimum build in requirements that the new jobs pay family-supporting wages. But the $3 billion proposed deal could result in the state cutting checks to Foxconn to pay for the creation of new jobs that pay as little as little as $23,000 per year, an income level that would put a family of four below the poverty line. The deal would give Foxconn up to $1.5 billion of state tax money over 15 years in tax credits to subsidize the creation of new...

Reviewing the Foxconn costs and risks, without the rose-colored glasses, presents different assumptions about Foxconn job creation yield and their price tag for taxpayers. The cost of the proposed new tax credits for the tentative deal with Foxconn could be far larger per job created than some people have suggested. Those costs will vary greatly depending on the ratio of spending for payroll versus the capital expenditures. The more that Foxconn invests in its facilities and state-of-the-art automation, rather than payroll, the more the proposed deal will cost state taxpayers per job created. A new Wisconsin Budget Project report...

White residents of the Milwaukee metropolitan area have significant more access to mortgage lending than black and Hispanic residents, according to a 2016 report that highlights how lending patterns affect different communities. Whites represent 70% of the population in the Milwaukee area, according to the report from the National Community Reinvestment Coalition, yet received 81% of the mortgage loans made in 2014. African Americans are 16% of the population but received only 4% of the loans. Hispanics represent nine percent of the area’s population, and received four percent of the total loans. The Milwaukee metropolitan area includes Milwaukee County...