Tuesday, February 12, 2008
Marshall Jevons confirms part of my suspicion
by Ken Houghton
(For context, it was common belief among my cohorts in the Government Practice at PwC that government employment would decline by about 30% in the next 20 years. Since that was ca. 2001, we're more than 1/3 of the way there.)
Fortunately, Marshall Jevons presents the evidence graphically. What might have been expected to be a 7-10% decline is nowhere to be found.
So not only are they pouring sand in the gas tank, they are adding to the weight of the car. And heavier cars, as any physicist or Stata user can tell you, get lower performance.
If I weren't still buried in health data, with a side trip to MLB, one of the things I wanted to work out was whether the current "Small Government Republican" administration would have positive job growth without its additions of government jobs.
(For context, it was common belief among my cohorts in the Government Practice at PwC that government employment would decline by about 30% in the next 20 years. Since that was ca. 2001, we're more than 1/3 of the way there.)
Fortunately, Marshall Jevons presents the evidence graphically. What might have been expected to be a 7-10% decline is nowhere to be found.
So not only are they pouring sand in the gas tank, they are adding to the weight of the car. And heavier cars, as any physicist or Stata user can tell you, get lower performance.
Labels: full employment, governance, Republicans, Statistics
