Fun Facts to Know and Tell: Stimulus Job Creation Edition

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Jul 24th, 2010 by wintercow20

“… the Mid-Willamette Valley Community Action Agency in Oregon had claimed to create 205 jobs with its $397,761 in stimulus money — spending less than $2,000 per “new” job.”

That was from a very good Greg Mankiw article on economic epistemology (i.e. how do we know that we know anything about economics?). Here’s another one:

“… A shoe-store owner in Kentucky … claimed to have created nine jobs with $889 … The store owner apparently reasoned that he was creating one job for every pair of boots he sold the Army; after all, a soldier could not go to work on the project without a pair of boots.”

Posted in Economics Problems, Methodology