Simple analysis of cost per job saved from stimulus발음듣기
Simple analysis of cost per job saved from stimulus
There's some news out today about how many jobs, or at least a claim of how many jobs, have been created so far from the stimulus plan.발음듣기
The administration said that 650,000 jobs were created from $150 billion of stimulus spending so far.발음듣기
If I spent $150 billion to get 650,000 jobs - let me just divide by 650,000 - I get to $230,000 per job.발음듣기
So obviously, they're not just outright paying the salary, these people were adding some value to begin with.발음듣기
Now, there's a further claim that at least another 350,000 jobs were created from $189 billion of tax relief.발음듣기
So this is equal to $540,000 per job, which are even better than the $230,000 jobs that we were able to save with $150 billion.발음듣기
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