True. But this statistic is only bandied about as the most glaring inefficiency. Consider if the project has 25% more workers than jobs, and also 25% more jobs

True. But this statistic is only bandied about as the most glaring inefficiency. Consider if the project has 25% more workers than jobs, and also 25% more jobs than needed, and also workers are on the job 25% longer than needed (that sweet sweet double overtime!) and we're already at about 2x inefficiency. Just a couple more factors and you get to 10x ...