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Thread: A Fractured Economy

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    Senior Member Chip's Avatar
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    Default A Fractured Economy

    For companies to shift operations from a state that they feel treats them unfairly (California) to one that gives them tax breaks and subsidies (Texas) is nothing new. But there seems to be a harsh political logic at work in recent times. For instance, coal states (Wyoming, West Virginia) are withdrawing assets from banks that have divested from fossil fuel interests. Florida struck back against Disney for LGBTQ support by ending tax benefits and other incentives for Disney World. Gavin Newsom, Governor of California, just urged an end to film production in states that outlaw abortion.

    In the past, I've boycotted products and companies that I thought were harmful, starting with Gallo Wines during the Farmworkers strike. I try not to buy anything from firms owned by the Koch Bros. (Georgia Pacific, Dixie) and avoid buying from WalMart and Amazon. But there's a clear difference between individual choice and state-mandated economic action.

    Where does it end?

    Major Indiana Employers Criticize State’s New Abortion Law

    The drug company Eli Lilly said it “will be forced” to look outside the state for employment growth. The engine maker Cummins said the law will “impede our ability to attract and retain top talent.”

    By Lora Kelley
    Aug. 6, 2022

    On Friday, the governor of Indiana signed into law a near-total abortion ban, making the state the first to approve sweeping new restrictions since the Supreme Court overturned Roe v. Wade in June.

    On Saturday morning, one of Indiana’s biggest employers, the pharmaceutical company Eli Lilly, issued a strong objection to the new restrictions. “Given this new law,” it said in a statement, “we will be forced to plan for more employment growth outside our home state.”

    The company, which employs more than 10,000 people in Indiana, began by saying that “abortion is a divisive and deeply personal issue with no clear consensus among the citizens of Indiana.” It noted that Eli Lilly has expanded its employee health plan coverage to include travel for reproductive services. But, it added, “that may not be enough for some current and potential employees.”

    It was among the first major employers in the state to weigh in on the new law.

    Shortly after, Jon Mills, a spokesman for Cummins, an engine company that employs about 10,000 people in the state, said: “The right to make decisions regarding reproductive health ensures that women have the same opportunity as others to participate fully in our work force and that our work force is diverse. There are provisions in the bill that conflict with this, impact our people and impede our ability to attract and retain top talent.” He added that Cummins’s health care benefits cover elective reproductive health procedures, including medical travel benefits.

    Mr. Mills also said that, “prior to, and during the legislative process, we shared our concerns about this legislation with legislative leadership.”

    Roche, the diagnostics company that has its North American headquarters in Indianapolis, did not have an immediate comment. Other companies with headquarters or large offices in Indiana did not immediately respond to requests for comment.

    The National Collegiate Athletic Association, which is based in Indianapolis, declined to comment.

    After the Supreme Court’s decision, few companies weighed in directly on the ruling. Far more did say they would expand their employer health care coverage to cover travel and other expenses for employees who may need to seek reproductive health care out of state.

    Some companies with a large presence in Indiana have previously stated that they will cover travel for employees. In June, Kroger said that it would cover up to $4,000 in travel expenses for employees on its health care plan. The software company Salesforce, which has about 2,300 employees in Indianapolis, has also said that it would move employees who want to leave states where abortion is banned. Kroger declined to comment. Salesforce did not immediately respond to a request for comment.

    In its statement, Eli Lilly described the Indiana law as “one of the most restrictive anti-abortion laws in the United States.” It went on: “As a global company headquartered in Indianapolis for more than 145 years, we work hard to retain and attract thousands of people who are important drivers of our state’s economy. Given this new law, we will be forced to plan for more employment growth outside our home state.”


    https://www.nytimes.com/2022/08/06/b...e=articleShare
    Last edited by Chip; August 8th, 2022 at 01:49 PM.

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