Generous auto subsidies don’t guarantee higher wages – at least, that’s the take-away from this Huffington Post piece on state subsidies for auto manufacturing plants. What’s more, a Mississippi plant is paying lower wages than it’s state incentives appear to allow.
The citizens of Mississippi–the poorest state in America–have bestowed $1.33 billion, the richest subsidy ever in the auto industry, to highly-profitable Nissan–even though Nissan is failing to provide the required number of high-paying jobs required in the deal with the state.