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Biden administration to loan $6.6B to EV maker Rivian to build Georgia factory that automaker paused (apnews.com)

submitted 2 weeks ago by [email protected] to c/[email protected]

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[–] [email protected] 1 points 2 weeks ago* (last edited 2 weeks ago) (3 children)

The Energy Department said the loan would substantially boost electric vehicles made in the United States and support Biden’s goal of having zero-emission vehicles make up half of all new U.S. sales by 2030.

how the hell does this support anything other than some business?

the minimum wage is still $7.25, no universal healthcare, housing inflation is off the charts

the R2 still starts at $45,000

https://rivian.com/r2

and in Georgia the minimum wage is even lower at $5.15 an hour

Georgia Applicable to employers of 6 or more employees

Basic Minimum Rate (per hour): $5.15

The State law excludes from coverage any employment that is subject to the federal Fair Labor Standards Act when the federal rate is greater than the State rate.

Employers subject to the Fair Labor Standards Act must pay the current Federal minimum wage of $7.25 per hour.

https://www.dol.gov/agencies/whd/minimum-wage/state

Democrats and Republicans just want to fill the southern parts of the US where the pay/workers' rights are set at the lowest bar with factories

[–] [email protected] 4 points 2 weeks ago

This is a loan, Rivian has to pay it back. It helps people by creating local jobs and increasing EV production. Also, Rivian’s production line salary starts at $20/hr according to glassdoor.

[–] [email protected] 2 points 2 weeks ago* (last edited 2 weeks ago)

As the world turns away from the US and tensions rise with China and other developing nations you're going to need home grown cheap labour and desperate workers.

Maybe this is the capitalist solution for climate change? Reduced shipping...

[–] [email protected] 0 points 2 weeks ago

Alternately, they put jobs where jobs are needed most. Maybe it's nefarious to keep wages down. Maybe blue states are already doing better than red.