4 ms·
Is the math right? 7000 (new jobs) * $7 (salary per day) * 365 (days per year) = $17,885,000 So that's 18 million dollars. You spent 60 million dollars to cre
by maratd 11y ago
Is the math right?
7000 (new jobs) * $7 (salary per day) * 365 (days per year) = $17,885,000
So that's 18 million dollars. You spent 60 million dollars to create jobs that pull in 18 million dollars per year?
That's optimistically assuming those are full time jobs where the worker spends every single day of the year working AND that those jobs would not be created otherwise.
- Sumaso 11y agoYeah but 93% those businesses survived after 3 years. Presumably they grew as well. If you gave me 60 Million dollars today, and I gave you 17.8 Million dollars every year for the next couple of years, you've made your money after 4 years even if there is no increase. The thing about creating wealth is that you need to view it as an investment. Your not going to get overnight returns.
- bcgraham 11y agoThe salaries are spent, and the workers accumulate skills, contacts, etc. The guy is an expert in his field. Do you think he is going to read your comment and think, "Christ, why didn't I think of that?"
- sp332 11y agoNo, but he should have explained why spending $8,500 per job created is a good deal.
- WildUtah 11y agoThe guy is an expert in his field. Yeah, but the field is foreign development aid. He'd have more credibility if he were an astrologer or a patent attorney.
- dpc_pw 11y ago> Do you think he is going to read your comment and think, "Christ, why didn't I think of that?" He should. He's an expert in statistics. And on paper everything is OK, but in reality 99% of this new "companies" are frauds. See my other top level comment. Part of the reason why socialist bureaucracies always look great on paper, but fail miserably in reality is there are small lies, big lies, and statistics. And bureaucracies care only about statistics.