[lbo-talk] query: Does adding 1 million (decent) jobs really cutdeficit by 54 billion

Jordan Hayes jmhayes at j-o-r-d-a-n.com
Sun Aug 21 07:58:29 PDT 2011



> I find the following statistic various places "Adding 1 million
> jobs cuts deficit by 54 billion".

That's "only" something like $54k for a single job. Is that a 10-year number?

Ths flip side to this, of course, is that the US probably needs around 12-13M jobs. Presuming this statistic has a linear effect, 13M jobs = $702B of deficit reduction which would be nice, but doesn't fix the problem.

/jordan



More information about the lbo-talk mailing list