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BETWEEN THE LINES: Lawmakers To Scrutinize Superproject

Posted: February 6, 2013 at 2:11 a.m.

Arkansas lawmakers seem consumed with legislating about abortion, guns and other social issues, but another issue is on their plate that requires close and immediate scrutiny.

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Opinion, Pages 5 on 02/06/2013

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"Most of the state money for this project, $75 million, would be an outright grant ."
That's about $143,000 per each of the 525 permanent jobs.
For that money they could put 2000 unemployed people to work for a year to fix infrastructure and lubricate the economy--as in the New Deal.
I'm not saying which would be better.

Posted by: Coralie

February 6, 2013 at 5:44 p.m. ( | suggest removal )

Yesterday's paper had the following article: "German steelmaker to fire 2,000: Drop in demand, earnings forces ThssenKrupp to reorganize."
"Conditions have deteriorated since the financial crisis hit in 2008, with steel demand shrinking in Europe and North America....
Waning demand from the auto and construction industries has pushed down steel prices and squeezed producers' profit margins..."
"The [German] government's big infrastructure projects such as...highways and railways...will help the steel industry and exports to grow this year..." (acc. to a steel industry official)
===
So don't think that just because somebody
promises some permanent jobs, they are necessarily so.

Posted by: Coralie

February 10, 2013 at 2:39 p.m. ( | suggest removal )

The average U.S. steel industry wage is $38.000.
So you are telling me that Arkansas workers are going to make twice as much as they make in Youngstown, Ohio?
http://www.simplyhired.com/a/salary/s...

Posted by: Coralie

February 10, 2013 at 2:42 p.m. ( | suggest removal )

The rest of that is $75,000 is probably "benefits" but benefits can disappear, especially if workers are not unionized, and often even then.

Posted by: Coralie

February 10, 2013 at 2:44 p.m. ( | suggest removal )

A door greeter at walmart is a permanent job also, or until you die. No Arkansas workers are not going to make twice as much as Youngstown, Ohio. The steel company is coming here to get away from unions in the same way walmart, does. Right-to Work state and hire the uneducated and tell them if they unionize, they will lose their jobs in the same way those in Youngstown lost theirs. Beebe sold the Democrats down the river, the Arkansas River.

Posted by: Moneymyst

February 10, 2013 at 4:46 p.m. ( | suggest removal )

What worries me is the teachers' retirement fund is going to invest heavily in this.
Risky, risky.

Posted by: Coralie

February 11, 2013 at 4:44 p.m. ( | suggest removal )

I agree, Coralie, my mother worked as a teacher, but didn't take her work home with her.

Posted by: Moneymyst

February 11, 2013 at 4:56 p.m. ( | suggest removal )