That's more than £10M per job created. That's not good...really, REALLY not good. 🤦♂️ People in the private sector need to take more of an interest in government, and governments need to stop trying to do the job of the private sector. TGIF! https://lnkd.in/e3ZZd4Py
They're not very good at marketing. Just one of the line items allegedly is creating 24k jobs. "The Crown Estate will acquire Harwell East in Oxfordshire, a 221-acre office, lab and manufacturing space site, with a projected gross development value of 4.5bn, boosting UK GDP by 2.5bn, delivering 400 homes and helping to create 24,000 jobs."
This reminds me of that story where supposedly Milton Friedman visited the USSR and saw people using shovels instead of excavators. Communists said “thei way we can employ a lot more people!” To what he replied: “you can use spoons to employ even more!”
surely there's some context missing here .. right?
Depends on the investment horizon.
If you also factor in how "productive" government created jobs are, that is yet another major bleeding gaping wound in the already exsanguinated coffers of the nation 🤕 And what's worse is that a large segment of the public still thinks that is better than having left £10Bn in the bank accounts of richer investors, entrepreneurs and other wealth creators :(
that must be a typo?! this can't be for real
10bn investment creating 1000 jobs, OR we have to sink 10bn into infrastructure in the districts, thats becoming a health hazard.
All while having caused the loss of over 150k jobs - and this is the FT reporting on HMRC data for people in payroll… Is it me, or is that math beyond abysmal?!
I would say they could have had more impact by just giving the money away but I don't want to give them any ideas
Head of Finance & Operations at Cambrium
4dCould we just give a 1,000 entrepreneurs 10m in seed capital and see how many jobs are created that way?