SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?


To: bentway who wrote (96045)7/5/2011 3:23:02 PM
From: cirrus  Respond to of 149317
 
Might well have been more efficient.

Back in the 1930's when Roosevelt created the WPA and other organizations to put people to work building infrastructure projects the work was far more labor intensive and employed a good number of otherwise unemployed individuals.

It's a bit different now. A $20 million bridge replacement project near me rarely has more than a handful of workers on site, and few, if any, appear to be unskilled. Machinery and current construction techniques just don't require that many hands for the work that required hundreds decades ago.

Yes, there are indirect jobs, but the whole idea was to stimulate the economy quickly, and for a number of reasons that didn't happen - banks shutting down lending, for one. The economy stabilized, and considering the freefall and fear in the streets at the time, stabilization shouldn't be considered a defeat.