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By A Smith (anonymous) | Posted June 20, 2012 at 11:47:06 in reply to Comment 78677
>> We could hire a lot of people right now to build roads to nowhere and...F-35s
I guarantee you could give me 5 projects that Hamilton should be working on right now, but for a lack of funding (printed money). Why not work on those?
Once private spending picked up (due to the higher incomes of the previously unemployed, now working for the government), these programs could be scaled back.
Hamilton's unemployment rate is currently around 6%. That works out to 16,224 people (18.5M workers/34.8M) without a job.
Even if you assume that these workers all made minimum wage ($20K/year), that works out to an additional $320M to be spent at local businesses.
According to this document (tinyurl.com/7d89voz) Hamilton's tourism sector only generates $132 million.
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