According to this calculation the cost per job of the new stimulus package that the president announced in his speech last week is $312,500. I think that’s a bit of an exaggeration since not all of the $475 billion is targeted at job creation but it’s probably close enough for government work. I’d appreciate any critiques, amendments, etc.
As I said in my immediate reaction, that doesn’t sound efficient enough to me. We’d probably be better off with a WPA-style plan than what’s being proposed.
This economist puts the cost at $60k per job.
http://economix.blogs.nytimes.com/2011/09/12/the-green-jobs-numbers/
Steve
That estimate is for only one, relatively small portion, steve. Not the entire 1.9 million.