Wednesday, November 4, 2009

Follow-up to Job Counting

This is a humorous follow-up to my post of a couple days ago on jobs created and saved. It is from one of The Wall Street Journal blogs and explains why counting jobs saved/created is very difficult and may even be impossible. This can also be filed under "an anecdote is not data, but the plural of anecdote is data."

2 comments:

John said...

The greatest number of jobs created are for the bureaucrats who devise, read, report, and spin these reports. Hopefully the drop in productivity for those filling out the forms was not equal to or greater than the productivity involved in the jobs "created."

Tim Schilling said...

I think one could certainly make that case when it comes to bureaucracy. And your point on productivity is also good.

Thanks for commenting.