Monday, May 18, 2015

Job Creation Math

May 18, 2015
This is the largest private real estate project in U.S. history

Here’s how it works: Foreign individuals invest between $500,000 and $1 million in a project that will create at least 10 jobs per investor.

The kind of optimist who feels that $500k can generally create 10 sustainable jobs is probably also the kind of optimist who thinks that the Fed's $4 trillion balance sheet created 80 million sustainable jobs.

$500k / 10 jobs = $50k per job
$4t / 80m jobs = $50k per job

Good luck on that theory.

5 comments:

Joseph Constable said...

Genentech is moving its entire accounting and finance operation to Budapest, according to my neighbor who was given a years notice of her layoff.

Manpower says the 9th hardest job to fill in the U.S. is accounting and finance staff.

No wonder Genentech is offshoring, they can't get enough accounting and finance staff here.

Stagflationary Mark said...

Joseph Constable,

How to help the homeless

HUNGARY’S homelessness problem is nowhere more visible than in the historic heart of Budapest. Homeless people pull down their trousers and underwear in full view of startled tourists before relieving themselves on the pavement near parliament. Small piles of human excrement dot the back wall of the former headquarters of the state television, where the destitute huddle at night. Some even try to clean themselves on central bus-stop shelters after defecating, leaving brown smears across advertising billboards.

Coming soon to a country near you! Sigh.

Michael said...

Joseph,

Its hard for Genetech to hire accounting and finance staff at half the price of a US labor. Fixed it for you

dearieme said...

It's pretty easy to have "biggest" anything if you don't account for inflation.

Stagflationary Mark said...

dearieme,

Biggest hourly wages for production and nonsupervisory employees ever!! Not counting inflation, of course. Sigh.