What Works in Job Creation and Economic Development- Tmothy Bartik, Upjohn Institute

http://research.upjohn.org/cgi/viewcontent.cgi?article=1023&context=presentations&sei-redir=1#search="economic+develop+cost+of+job+creation"

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  • growth is only good to the extent that it brings about increased real incomes for state and local residents. Benefit cost studies show that over 70% of the benefits of job growth are the resulting increase in per capita earnings. 

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• We can directly increase the quantity and quality of jobs for local residents by directly interacting with local employers. Or, we can indirectly increase the quantity and quality of jobs for local residents by increasing the quantity and quality of local labor supply.   10 minutes ago - Remove

• The key question for sound local economic development policy is the following: Which local labor demand and local labor supply policies have the best evidence of being the most cost-effective in increasing local earnings per capita across the local population? 10 minutes ago - Remove

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