Saturday 7 April 2007

Bastiat Alert

I've just noticed this
Scotland's tallest building will create 2,000 jobs when it is completed next year, its builders have announced.
So what are those 2,000 jobs?

We're told this:

The 134m tower will have a mixture of retail space, offices, a swimming pool and housing.
I'm all in favour of new development in Glasgow but just because 2,000 people may work in this tower doesn't mean that there are any new jobs at all. Some of the employees may come from older buildings that are knocked down. Some may come from buildings that are switched to residential use. In any case, the building itself won't create any jobs - that's done by entrepreneurs. Indeed, if the tower contains government bureaucrats there may well be a net loss of jobs in Glasgow.

Everything is explained here.

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