I can't believe paying 750 000$ for a job is ever considered a good idea. If your goal really is only to provide jobs you might as well start a public works program instead of shoveling money to the private sector.
If it is a one-time sum, it may actually make economic sense over some reasonable time period. Consider:
1 industrial job may lead to :
- 1-2 jobs in private services in the same area
- 1-2 jobs in public services in the same area
- industrial activity that can be taxed later
- in the case of electric batteries, there may even be some environmental benefits that have value
- once the facility is located to some location, it may be expected to grow over time, creating even more jobs and taxable corporate profits
In other words, each direct job can easily be around 4 jobs total. Future taxes from 4 jobs + corporate profits (and other taxes) + expected growth + the value environmental benefits may very well be worth the $750 up front investment.
1 industrial job may lead to : - 1-2 jobs in private services in the same area - 1-2 jobs in public services in the same area - industrial activity that can be taxed later - in the case of electric batteries, there may even be some environmental benefits that have value - once the facility is located to some location, it may be expected to grow over time, creating even more jobs and taxable corporate profits
In other words, each direct job can easily be around 4 jobs total. Future taxes from 4 jobs + corporate profits (and other taxes) + expected growth + the value environmental benefits may very well be worth the $750 up front investment.