Quote of the Day: Just Send a Cheque to Caterpillar

We have noted previously that "shovel ready" projects need more shovels than people. Dr. Jim McNiven, professor emeritus and former dean of management at Dalhousie University notes in the Globe and Mail that the way we build things has changed in seventy years:

"A lot of this ethos of infrastructure-equals-jobs comes from the 1930s when you put a lot of guys to work digging ditches and shovelling gravel. And we don't do that any more." "You can't just take unemployed people off the street and have them build roads and overpasses," he said. Much new funding may well wind up being spent on new machinery rather than hiring, he added.

"You might as well just send a cheque to Caterpillar in Illinois."

Tags: Economics


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