{"id":27864,"date":"2014-09-17T09:33:21","date_gmt":"2014-09-17T13:33:21","guid":{"rendered":"http:\/\/quotulatiousness.ca\/blog\/?p=27864"},"modified":"2014-11-21T07:18:13","modified_gmt":"2014-11-21T12:18:13","slug":"creating-jobs-good-creating-subsidized-jobs-not-so-good","status":"publish","type":"post","link":"https:\/\/quotulatiousness.ca\/blog\/2014\/09\/17\/creating-jobs-good-creating-subsidized-jobs-not-so-good\/","title":{"rendered":"Creating jobs, good. Creating subsidized jobs, not so good."},"content":{"rendered":"<p><a href=\"http:\/\/espn.go.com\/nfl\/story\/_\/page\/TMQWeekTwo140916\/super-bowl-rematches-rare-events-tuesday-morning-quarterback\" target=\"_blank\">Gregg Easterbrook<\/a> on the difference between ordinary jobs and government subsidized job creation:<\/p>\n<blockquote><p><strong>Elon Musk Recharges His Bank Account<\/strong>: Tesla&#8217;s agreement with Nevada to <a href=\"http:\/\/www.usatoday.com\/story\/money\/business\/2014\/09\/12\/nevada-approves-tesla-tax-breaks\/15495355\" target=\"_blank\">build a battery factory<\/a> is expected to create about 6,000 jobs in exchange for $1.25 billion in tax favors. That&#8217;s about $208,000 per job. More jobs are always good. But typical Nevada residents with a median household income of <a href=\"http:\/\/quickfacts.census.gov\/qfd\/states\/32000.html\" target=\"_blank\">$54,000 per year<\/a> will be taxed to create very expensive jobs for others. Volkswagen is expanding its manufacturing in Tennessee, which is good. But the state has agreed to about $300 million in subsidies for the expansion, which will create about 2,000 jobs &mdash; that&#8217;s $150,000 per new job, much of the money coming from Tennessee residents who can only dream of autoworkers&#8217; wages. The <a href=\"http:\/\/quickfacts.census.gov\/qfd\/states\/47000.html\" target=\"_blank\">median household income in Tennessee<\/a> is $44,140, about a third of the tax subsidies per new Volkswagen job. The Tesla handout was approved by the Democratic state legislature of Nevada; Tennessee&#8217;s Republican-controlled state government approved the Volkswagen corporate welfare deal.<\/p>\n<p>At least it&#8217;s a bargain compared to federally subsidized solar jobs. A Nevada solar project &mdash; state that is home to Senate Majority Leader Harry Reid, President Barack Obama&#8217;s closest ally on Capitol Hill &mdash; cost $10.8 million in subsidies per job created. <a href=\"http:\/\/nevadajournal.com\/2012\/03\/20\/obama-tout-green-energy-investments-solar-facility-employing-5-workers-relying-54-million-taxpayer-s\" target=\"_blank\">Local public interest groups noticed<\/a> the extreme subsidy while the <a href=\"http:\/\/www.nytimes.com\/2012\/03\/22\/us\/politics\/obama-to-promote-energy-policy-on-4-state-trip.html?scp=1&#038;sq=copper%20mountain%20solar&#038;st=cse\" target=\"_blank\">national media did not<\/a>.<\/p>\n<p>This <a href=\"http:\/\/www.goodjobsfirst.org\/showusthesubsidizedjobs\" target=\"_blank\">cheeky website<\/a> monitors giveaways state by state.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Gregg Easterbrook on the difference between ordinary jobs and government subsidized job creation: Elon Musk Recharges His Bank Account: Tesla&#8217;s agreement with Nevada to build a battery factory is expected to create about 6,000 jobs in exchange for $1.25 billion in tax favors. That&#8217;s about $208,000 per job. More jobs are always good. But typical [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[25,84],"tags":[640,111,727,1006,95,793],"class_list":["post-27864","post","type-post","status-publish","format-standard","hentry","category-economics","category-government","tag-alternativeenergy","tag-cars","tag-cronycapitalism","tag-elonmusk","tag-jobs","tag-subsidies"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p2hpV6-7fq","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/27864","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/comments?post=27864"}],"version-history":[{"count":1,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/27864\/revisions"}],"predecessor-version":[{"id":27865,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/27864\/revisions\/27865"}],"wp:attachment":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/media?parent=27864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/categories?post=27864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/tags?post=27864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}