Automakers Get Subsidies But Still Cut Jobs, Raising Questions About Oversight
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The Big Three automakers recently got generous new union contracts, but are already announcing layoffs and scaling back hiring plans.
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Politicians will likely respond by throwing more taxpayer money at the companies, even though experience shows layoffs happen anyway.
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GM, Ford, and Stellantis have all received huge taxpayer subsidies in recent years tied to job creation promises, yet still end up cutting jobs.
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Companies face little accountability or transparency around subsidies - they keep the money regardless of actual job numbers, while politicians decrease oversight.
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Decades of research shows subsidies fail to drive growth or job creation as promised; real reform is needed to make automakers more competitive and productive.