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"The government can’t invent jobs that bring in more revenue than they cost though." Why not? Is there some reason why a private medical researcher is somehow
by RockIslandLine 6y ago
"The government can’t invent jobs that bring in more revenue than they cost though."
Why not? Is there some reason why a private medical researcher is somehow better than a government medical researcher?
- kortilla 6y agoBecause a private medical researcher has to actually be funded. In other words, the expected value of the researcher is in excess of the researcher’s cost. Nobody pays medical researchers without expecting an ROI unless it’s for a charity (in which case it’s funded by other excess value in the economy). There isn’t really a meaningful difference between the government spending $100 to get $2 of value and spending $100 to get $0 of value. If we’re going down the unsustainable jobs path, it would be much easier to just pay everyone $80k/year to do nothing.
- RockIslandLine 6y ago"In other words, the expected value of the researcher is in excess of the researcher’s cost." So what magical property of being hired by a government destroys that expected value?