jreeves
Senior Member
- Feb 12, 2008
- 6,588
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The term doesn't have an economic meaning, but it does have a plain language meaning. If a job still exists due to stimulus which otherwise would have been eliminated, it's a "saved job". Admittedly, there is no way to really compute that, but conceptually it makes sense.
In reality it probably does. If you can't compute it, it's not real! As I've tried to explain to others, if those jobs were saved due to bail out cash, what happens when that runs out. They still loose their jobs in the end so the jobs are not really saved, the pain is being put on hold.
If you can't compute it with 100% accuracy, it's not real? That's your argument. I guess the sand on the beach isn't real either, since you calculate the exact number of grains.
Hmm...a project to figure the grains of sand for 12 year olds....
http://www.pbs.org/wgbh/nova/archimedes/media/lrk_sand.pdf
Now show everyone a link to an economic textbook that refers to "jobs saved"?