posted by devonwhittle on Aug 5, 2008
Some industries need to fail
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According to Peter Gallagher, the government (taxpayers) gave the car industry $1.1 billion last year. That means each “job saved” cost us $300,000. Not sure how he crunched the numbers (that is, if it considered jobs created in subsidiary industries, etc), but that number is pretty astounding. Why not spend that on retraining and re-employment help instead of throwing more money at the industry?
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