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"They estimated that each billion dollars spent would create up to 40,000 jobs." Not sure who is doing the math here, but if you divide a billion by 40k, you g
by Xichekolas 18y ago
"They estimated that each billion dollars spent would create up to 40,000 jobs."
Not sure who is doing the math here, but if you divide a billion by 40k, you get $25k per person... and nothing left over to spend on materials. So the workers will either get significantly less than $25k a year for these jobs, or the concrete and bulldozers will be free.
Far more likely, I'd guess, is that the 40k jobs figure was pulled out of somebody's backside.
- jcl 18y agoNot that I necessarily agree with their logic, but presumably they are estimating that the net economic benefit of the things created with the billion dollars exceeds a billion dollars.
- Xichekolas 18y agoAh good point. For some reason I was reading as "a billion dollars will fund 40k people".