As long as it's a loan and not a gift, I'm fine with it.
this post was submitted on 29 Nov 2024
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Economy
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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
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
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.
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...
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.
Corporate welfare aka state aid...
These parasites won't wont ever stop. Can provide basic services to the pedons but always got cash to give out for vanity projects.
Nobody fucking asked for 50k EV...
People need cheap cars but nobody makes these any more and feds won't let Chinese imports that can fill that gap either.
Fuck u pleb, eat shit 🐸
Kinda reminds of housing, you either buy this daddy sanctioned house or be homeless becusse living in a shed for examle is not code 🤡
Funny that you don’t mention corporate welfare to oil and gas companies.
An EV and an ICE car are now, with the tax credit, virtually the same price because of these projects. Many EVs are cheaper than the average new ICE car.
These spends are an investment to develop technology that can then be mass produced cheaply. And just like some investments, they can go bad. That doesn’t mean they all are, though.
Chinese imports are a strawman. It’s like yelling about why the OLED LG TV is $2000 when you could buy a HiSense LED TV for $250. You’re not comparing the same quality level of product.
The article is about Rivian lol
Fuck oil majors tho...
Chinese imports are a strawman. It’s like yelling about why the OLED LG TV is $2000 when you could buy a HiSense LED TV for $250. You’re not comparing the same quality level of product.
Sure thing 🤡
Yes, it is about Rivian. It’s also about the US investing in on-shore manufacturing jobs, skills, and knowledge through Rivian.
- Providing state aid is not investment
- Investment is business of private capital
- Benefit to the border public is at best "jobs"
Fixing the tax code could ie remove incentives for offshoring would also work to bring back manufacturing jobs or tariffs but no... Broke pedons have to pay for some rich mans CapEx so big the tech wage slaves can afford their 50k electric truck 🤡
Your clown logic is why we live in this dystopia
Brain dead corpo welfare queens are disgusting but you LARP with serious bravado as if reading from a PR release;)