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Richard Stallman's Political Notes

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Investing in businesses to "create" jobs

vendredi 25 juillet 2014 à 14:00

Texas invested $200 million in businesses to "create" 1600 jobs in Texas. It turns out that some of the companies don't really exist, aren't in Texas, don't pay their taxes, etc.

As a way to boost employment, this is ineffective. As investment, it wasn't very good either; it made only a little money for the state.

Raising the minimum wage would create a lot more jobs, but that would not please the employers that want workers to be desperate.

Paul Ryan says the US government should eliminate welfare requirements and give money to states to use to help the poor. Texas will give this money to companies to "create jobs", thus ensuring that the poor gain nothing from it.