Friday, May 13, 2011

GM to spend $109 million, create or save 96 jobs

The Detroit Free Press: GM to pump $109 million into Flint, Bay City plants

General Motors says it will invest $109 million in its Flint and Bay City, Michigan, operations, keeping or creating 96 jobs.
That's over a million dollars per job saved or created.

At this rate, it would take GM spending $589,811,111,111 to create enough jobs to fully employ all 487,000 of Michigan's unemployed (Source State of Michgian's labor market Information website) assuming these were all for jobs created not just "saved".

And you wonder why, with that kind of job creating power and efficiency, wags call it Government Motors.

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