$30B IT Stimulus Will Create Almost 1 Million Jobs

itif writes "This report takes a look at how many jobs you get if you invest $10 billion each in three different IT infrastructure projects — broadband, health IT and the smart grid. It argues that if you are going to be spending billions on a stimulus package, investing in 'digital infrastructure' creates more jobs than physical infrastructure (e.g. roads and bridges) in the short-term, and you get a whole host of other benefits in the long-term."

Comments

But where do the jobs get created in?

[140Mandak262Jamuna]

May be IT investment creates more jobs than physical infrastructure investment. But if the jobs are created in India, are we (Americans) really better off?

$30B IT Stimulus Will Create Almost 1 Million Jobs

[MichaeLuke]

...in India. Yess!!!

Re:Less is More

[plasmacutter]

Ad hominem:

Source A makes claim X

There is something objectionable about Source A

Therefore claim X is false

Have a good day.

That doesn't hold true when the "something objectionable" about "Source A" involves their analysis of the issue at hand.

The Austrian school of economics has long been the "intelligent design" of the economic field.

the school has traditionally advocated an interpretive approach to history to address specific historical events......

its methods consist of post-hoc analysis, and do not generate testable implications; they argue this approach fails the test of falsifiability....

I know of a few other organizations whose philosophies take an interpretive approach to history and whose theories fail falsifiability as well.

Look, plain and simple, the austrian school is not economics, it's a religion being passed off as economics by the dogmatic and corrupt.