Tuesday, January 21, 2014

A Billion Here, A Billion There...

I sorta pooh-poohed an economic increase of $77 billion through the TransPacific Partnership agreement. It's not much in terms of the GDP. However, it's a lot for SMEs (small- and medium-sized enterprises).

Assuming the billions are not just a shuffling of financial instruments, and really results in exports and supporting services, the $77 billion could be substantial for job growth. Assuming a conservative $200K revenue per job, the economic impact of the agreement could mean an additional quarter of a million to half a million jobs. This is similar to adding enough jobs to create another Columbus, OH or Fort Worth, TX or San Francisco or Charlotte or Detroit or El Paso or...(assuming a working population that comprises 82% of the total population according to average census figures).

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