We assume that ‘big’ events and ‘big’ infrastructure create jobs. But is this true?
In the last post I said the 1985 Grand Prix was ‘only slightly better’ – at creating income and jobs – than the ‘next best thing’ the State could have done with its money. What was that ‘next best thing’? Surprising as it might seem – Creating more public service jobs! Creating jobs directly by increasing the supply of doctors, nurses, teachers, maintenance personnel and assistants of all kinds, does two things. It directly increases the services received by the community thus improving lifestyles. And it creates lasting jobs, ‘bankable’ jobs, that increase economic stability and well-being the way temporary jobs, such as those from construction, never can.
Why not stop talking ‘jobs’ in general and talk ‘good jobs’ – permanent and sufficient to support a family, as the minimum wage was always intended to do. Or better still, let us think of the outcomes that we want, and how we can get them.