At Least It's Not Bad News.
The Good News: GM is going to upgrade 5 Michigan plants spending half a billion dollars to make the improvements.
The "Eh - Whatever" News: The upgrades will create 200 new jobs. I guess it's better than eliminating more jobs but $2.5 million in investment per job created? This won't hurt our economy, but it won't help it a whole lot either.
Still I guess we should be grateful for 200 more jobs at GM. I understand that they are more concerned about saving the company than creating jobs (which makes sense: No company = No jobs) but I would expect such an investment to create a few more.
The "Eh - Whatever" News: The upgrades will create 200 new jobs. I guess it's better than eliminating more jobs but $2.5 million in investment per job created? This won't hurt our economy, but it won't help it a whole lot either.
Still I guess we should be grateful for 200 more jobs at GM. I understand that they are more concerned about saving the company than creating jobs (which makes sense: No company = No jobs) but I would expect such an investment to create a few more.
posted by shoprat at 9:07 PM
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