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Politics : Formerly About Advanced Micro Devices

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To: Bill who wrote (582662)	8/25/2010 6:02:30 PM
From: TimF	Read Replies (1) of 1573503

You can count jobs directly created perhaps not with perfect precision, but you can get a reasonable number. But its the least important point. No on seriously disputes that you can cause a job to exist by throwing money around. Indirectly created or saved are essentially guesses, educated guesses at best. They are not reliable figures and even if they where they ignore the number of jobs destroyed. (And also ignore the sustainability of the jobs, the debt incurred to "create or save them", the perverse incentives created in causing people to look to politics for answers rather than to act productively on their own imitative, etc. More important is the net jobs created or saved (gross jobs gained - gross jobs lost), but we simply don't know this, or even that its positive, and even it still ignores most of the point raised in the last paragraph (except the jobs destroyed part). And also ignores the point that jobs are not the real issue, productive jobs, extra real income and wealth are the important points (as demonstrated by the story about Milton Friedman suggesting that the workers should use spoons if the point is to "create jobs").

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