Michigan spent $1.8B and only created 602 jobs
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Re: Michigan spent $1.8B and only created 602 jobs
#2That works out to 2.5 million per job.
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.
Re: Michigan spent $1.8B and only created 602 jobs
#3> A new report suggests the state of Michigan is the latest to learn that lesson the hard way.
There doesn’t seem to be any lesson-learning happening, since governments keep trying this despite the outcome always being the same.
Re: Michigan spent $1.8B and only created 602 jobs
#4That works out to 2.5 million per job. 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.
The tfa says that almost all of this went to big public automakers. Enraging. I initially thought that this was going to some small biz thing that at least would slosh the money around through the owners. But nope - corp welfare!
Re: Michigan spent $1.8B and only created 602 jobs
#5selectively giving away free money to big business is straight corruption. there is no other way to put it. everyone involved should lose re election and get investigated by the financial crimes unit.
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.
Re: Michigan spent $1.8B and only created 602 jobs
#6This looks like Michigan transferred actual cash. Not tax abatements on new projects.
Re: Michigan spent $1.8B and only created 602 jobs
#7What the hell is that image of Whitner.
Re: Michigan spent $1.8B and only created 602 jobs
#8[flagged]
Re: Michigan spent $1.8B and only created 602 jobs
#9selectively giving away free money to big business is straight corruption. there is no other way to put it. everyone involved should lose re election and get investigated by the financial crimes unit. 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…
One idea I like is directly funding apprenticeship. It pays for job training and classroom instruction on a per-individual basis. The jobs are in long-term career sectors like advanced manufacturing, shipbuilding, aviation, healthcare, and technology.
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.
Re: Michigan spent $1.8B and only created 602 jobs
#10Originally on reason.com: https://reason.com/2026/06/26/michigan-spent-1-8-billion-and...