Need A Microscope to Find the Corporate Welfare Jobs in Michigan's Economy

Press releases roar, subsidies bring forth a mouse

The Michigan Economic Development Corporation announced that state business subsidies would create 1,916 jobs in the third quarter of 2015. Those 1,916 projected jobs are dwarfed by the normal and ongoing churn of the state economy. And the job promise numbers are probably overstated too: A September 2013 report by the Office of the Auditor General said that only 19 percent of those projected MEDC jobs ever came to fruition.

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A “bottlenecker” is someone who uses the power of the government to limit competition in the market and artificially boost their own profits. Bottleneckers use a variety of methods to achieve their goals, including tax loopholes, regulations, occupational licensing requirements, minimum wage laws and many more. The end result when these special interest bottleneckers succeed is fewer choices and higher prices for consumers, fewer job opportunities for workers and less innovation throughout the economy.

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