What a deal.
https://robertbryce.substack.com/p/green-jobs-at-ford-and-gm-will-cost
Thanks to the staggering amounts of money that’s being doled out under the Inflation Reduction Act to incentivize the production of electric vehicles, America’s biggest automakers — General Motors and Ford Motor Company — are building battery factories. Those new factories, one in Spring Hill, Tennessee (GM) and the other in Marshall, Michigan (Ford), will create a total of about 4,200 new jobs. But creating those jobs will cost federal and state taxpayers nearly $22 billion. Thus, each new “green” job at the GM plant (which the company is developing with Korea’s LG) will cost taxpayers $7.7 million. Each job at the Ford plant will cost some $3.4 million.
https://robertbryce.substack.com/p/green-jobs-at-ford-and-gm-will-cost
Thanks to the staggering amounts of money that’s being doled out under the Inflation Reduction Act to incentivize the production of electric vehicles, America’s biggest automakers — General Motors and Ford Motor Company — are building battery factories. Those new factories, one in Spring Hill, Tennessee (GM) and the other in Marshall, Michigan (Ford), will create a total of about 4,200 new jobs. But creating those jobs will cost federal and state taxpayers nearly $22 billion. Thus, each new “green” job at the GM plant (which the company is developing with Korea’s LG) will cost taxpayers $7.7 million. Each job at the Ford plant will cost some $3.4 million.
