Saturday, July 12, 2014

Bad Deals For People

Good deals for vampiric businesses.

Middle Class Political Economist: Stopping Job Piracy in Dayton, Denver,... and maybe even Kansas City:

As I have reported before, job piracy is a big problem in metropolitan areas like New York City and Kansas City. Giving subsidies to relocate existing facilities is a net loss for the country and for the region as well. The flip side is that the existence of job piracy makes it possible for companies to threaten to leave their current location unless they get a subsidy, as Sears has done twice in Illinois. I showed in my book Competing for Capital that several multi-state agreements to end job piracy have been total failures...

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