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I would love to see this calculated quantitatively. I've heard that the bailout amounts to $50,000 per worker. That sounds pretty good... However, if the bai
by lliiffee 18y ago
I would love to see this calculated quantitatively. I've heard that the bailout amounts to $50,000 per worker. That sounds pretty good... However, if the bailout is able to keep everyone in $70,000 other jobs for a year, that might be a better deal, even if it just means postponing the inevitable. I recognize that this is very complex, one should account for e.g. if the economy will be recovered in a year, and more able to take the hit of these industries going under, how much more value the workers might produce in new jobs, etc. It's beyond me to calculate, but I would love to see an analysis that presupposes that this is straightforward charity for those workers, and how to get the best bang for our redistributive buck.
- cstejerean 18y agoI'd take $50k up-front over $70k for a year, since in the former I immediately get a ton of free time to think of something better to do, learn a skill, move to a better area, etc. In the latter I'll be no better off a year from now than I am right now.