Saturday, October 22, 2011

Economic Logic Links CCEP Paper to Current US Political Debate

Some republican candidates for president are saying that they would create jobs by cutting regulation, and in particular environmental regulation, as recently discussed by Paul Krugman. The Economic Logic blog links Bruce Chapman's recent CCEP paper to this current US political debate. In the Australian case, the mining industry is growing and predicted job losses are in terms of fewer net jobs being created in the industry rather than absolute losses. And the headline figures ignore the number of jobs being created elsewhere. Bruce also shows how the numbers are small compared to the annual flows of workers in and out of employment. So even if the predictions are true the effects are unlikely to be noticeable to anyone in particular.

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