Study: Half Of “Jobs Created” By Stimulus Bill Were From Workers Already Employed…
Via Commentary:
This is yet another example of why it’s tough to calculate the actual job-stimulating benefits of the stimulus plan. 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:
Hiring isn’t the same as net job creation. In our survey, just 42.1 percent of the workers hired at ARRA-receiving organizations after January 31, 2009, were unemployed at the time they were hired (Appendix C). More were hired directly from other organizations (47.3 percent of post-ARRA workers), while a handful came from school (6.5 percent) or from outside the labor force (4.1 percent)(Figure 2). Thus, there was an almost even split between “job creating” and “job switching.” This suggests just how hard it is for Keynesian job creation to work in a modern, expertise-based economy: even in a weak economy, organizations hired the employed about as often as the unemployed.
Posted by ZIP on Wednesday, August 31, 2011, at 2:51 pm | 
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Yeah look at it as a Odumbo cash bonus……..
It just gets better and better. The party of moron strikes again.
A sure guarantee in my area…… If you see one of those “recovery” signs go up, no work will be done in relation or proximity to the sign. I think barry has been trying to figure out what to do with the signs, so he has been having his people put them up in random locations.
I’m thinking about pulling one up that has been “idle” for 18 months and replacing it next to the local Tea Party Headquarters.
Most liberals I have encountered would think it would be great if the govt had people building roads, and a half mile behind them another crew ripping it up, and a half mile behind them another crew building it again.
Once again Obama proves his knowledge of private job creation to be nil.
@Ed
Sounds like Stalin. I guess they just don’t understand the meaning of the word value.
the last thing I want to see money spent on it crap like this…….you see maybe 10 to 20 guys at site, & the sites I know about, NONE are near completion…..
A few years ago in our rural county of SISKIYOU in SCOTT VALLEY along state hiway 3 they built these fancy electronic deer warning system a 1 million dollars and their still not working
I’ve seen those signs while driving through New Mexico. Bill Richardson’s payment for bringing New Mexico in 2008?