In 2009, the NY Times reported, "A gathering of academics poured cold water on the idea that the new stimulus plan will create lots of jobs." Saul Hansell's sources were several of the most quoted economists in the field, including Scott Wallstein, who went on to be the chief economist of the Broadband Plan. (Saul, a friend, is probably the best mainstream reporter about the Internet in the last ten years. Dean Baquet should reach out to Saul and try to bring him back. John Markoff just retired; they need a few stars.) I wish broadband did wonders for jobs and the economy; the evidence says it doesn't
In 2017, The Washington Post printed, "For every billion dollars in spending, 13,000 jobs lasting at least a year would be created," based on some claims by Democratic Senators. They added, "Economists generally believe that improving infrastructure would increase productivity and economic activity." The "13,000 jobs figure" is almost certainly rubbish; Shane Greenstein, now at Harvard, ripped into similar claims made at the beginning of the Broadband Stimulus. We all know about politicians and truth; the Post should have found at least one non-DC source before printing that. I'm sure if I looked I could find similar in the Times as well.
"Economists generally believe ..." is offbase, at least in broadband.Add a comment