Friday, July 30, 2010

Good Start!

"Despite questions about whether the programs displace existing workers, many economists have argued that direct job creation programs are a more cost-effective way to put some of the nation's 14.6 million unemployed back to work than indirect alternatives like tax credits and construction projects."

Catherine Rampell, "Job Subsidies Also Provide help to Private Sector," The New York Times, July 28, 2010.

About 247,000 workers placed in 36 states and District of Columbia, financed by little more than $1 billion from ARRA funds (TANF Emergency) that run out in September.

A stealth public jobs program with many names and program variations run by states. It took some prodding for states to even draw down this money. Jobs, private employment, etc. -- varying models. We need an evaluation or two to capture how this was done, relatively quickly, and its effects. And it was targetted to low-income.

This is certainly not enough but what a great start.

No comments: