"They estimated that each billion dollars spent would create up to 40,000 jobs."
Not sure who is doing the math here, but if you divide a billion by 40k, you get $25k per person... and nothing left over to spend on materials. So the workers will either get significantly less than $25k a year for these jobs, or the concrete and bulldozers will be free.
Far more likely, I'd guess, is that the 40k jobs figure was pulled out of somebody's backside.
Not that I necessarily agree with their logic, but presumably they are estimating that the net economic benefit of the things created with the billion dollars exceeds a billion dollars.
Not sure who is doing the math here, but if you divide a billion by 40k, you get $25k per person... and nothing left over to spend on materials. So the workers will either get significantly less than $25k a year for these jobs, or the concrete and bulldozers will be free.
Far more likely, I'd guess, is that the 40k jobs figure was pulled out of somebody's backside.