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August 31, 2011
Study: Half of Hired Stimulus Workers Were Already Employed
Topics: Political News and commentariesIf this surprises you ... then you can consider yourself a bit economically naive and under-informed ...
[...] The Recovery Act's success is typically measured by looking at how many jobs have been created. But there's also job "shifting," which happens when a business uses stimulus funds to hire someone who was already employed at another company. And according to a new study from George Mason University's Mercatus Center, that's been the case with nearly half of the workers hired under the Recovery Act ...... and perhaps should consider reading Veronique de Rugy's informative piece titled "Why Didn't Stimulus Spending Deliver the Promised Jobs?" which goes into a little more detail and provides a better perspective. You also might want to pay particular attention to her paragraph on what Jones and Rothschild have to say on page 8 of No Such Thing as Shovel Ready Projects.
Interested readers might also consider reading "After 16 Types Of Stimulus Failed, What Can The US Government Try Next?" over at Business Insider.
Posted by Hyscience at August 31, 2011 6:01 PM
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- Study: Half of Hired Stimulus Workers Were Already Employed - Aug 31, 2011
