There doesn’t seem to be any lesson-learning happening, since governments keep trying this despite the outcome always being the same.
but i dont think "leave it up to the market" is a better idea. investments like this just need to be transparent, open to everyone and set up strict punishment for stealing the money with prison for executives.
if they wanted to actually create jobs they would support small companies and set up open competitive programs based on project quality. or start a state investment bank giving super low interest loans so factories can expand without cutting profitable divisions like in china.
Here's one example: https://www.dol.gov/newsroom/releases/osec/osec20250923
In Georgia, the employer is reimbursed $2,500 when an apprentice starts and up to $10,000 when they finish. They can also get up to 75% of the apprentice's hourly wage covered during their initial on-the-job training.
No thanks
The two largest projects are still under construction, so it might be too early to make any conclusions.
> All told, the governor said that her major subsidy projects would create 20,595 jobs in Michigan
Even using these numbers that works out to $135k/job, which is bonkers!
jmclnx•1h ago
This is not the first time this type of thing happened almost looks like a laundering scam. Companies that do this should face real and very expensive consequences. But we know that will never happen.
meetingthrower•1h ago
rogerrogerr•3m ago
turtlesdown11•17m ago
The important takeaway is not only did the consumer pay more, but corporate profits rose.
https://bfi.uchicago.edu/wp-content/uploads/BFI_WP_201961-1....