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Tyler Cowen pulls together a few links today suggesting that Obama’s whole hire-more-teachers stimulus plan he unveiled on Thursday night is highly suspect.
This particular data point from Bruce Yandle caught my eye:
As to hiring teachers, total employment in local government education is already up by one million workers since August 2010. Teacher employment in state government nationwide is up 300,000 workers.
And then there’s this graph that shows public education doing fairly well in comparative terms.
Tyler finishes his post this way:
So what exactly is the case here for stimulus of this sector? Is this really a sector to target? I would gladly see and consider alternate numbers and interpretations, but so far I file this under: “Yet another example of something the press should have reported about a President’s speech but didn’t.” Once again, it is the disaggregated demand which matters.
Hear, hear.
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