“Whenever a large energy project is proposed, the ensuing debate revolves chiefly around how many jobs it will create.
Regardless of political outlook, economists generally agree that job numbers don’t convey the value of a given project or sector.
The “fundamental fallacy” of counting jobs is that all sorts of things, from government policies to variations in energy prices and taxes, affect employment. As a result, “reports of ‘green job creation’ or the ‘jobs that will be created by Keystone’ are just data cherry picking, not real analysis.”
Click here to read more from NYT.