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> Assuming you are paying them a living wage, what economic output could [200-300 million people] accomplish that would be "worth" say 5 to 15 trillion dollars
by DaveWalk 11y ago
> Assuming you are paying them a living wage, what economic output could [200-300 million people] accomplish that would be "worth" say 5 to 15 trillion dollars a year?
A good thought experiment! My initial thought was a spiritual successor to WPA-like projects of the depression, but I'm not very well-read on the economic outcomes. My layman view at least sees the humanitarian and creative output of such projects.
But your last sentence is key: would it be "worth" 5-15 trillion/year? Is there a way to "measure" such a number of WPA-like projects?
- ChuckMcM 11y agoSince the number presented was world wide, I expect just the US would be a smaller number, but it would certainly be interesting to offer young people an opportunity to participate in a service program which was not a military outfit. So you spend 2 years of service shoring up infrastructure or working to rebuild cities ravaged by flood or other disaster. In exchange you get basic clothes, room and board, and perhaps payback on any student loans you have outstanding.