The war on multipliers has scored a battle victory in the NSW Land & Environment Court. Peter Martin has posted on a decision which overturned approval for a Rio Tinto coal mine in the Hunter Valley: Really Rio? The judge who put its claims about jobs to the test
This is an excellent expose on the Loose Change theme of dodgy consultants multipliers with Peter Martin also posting the court transcript of Richard Denniss v Andrew Searles. In this case Searles is the consultant for Hunter Valley Research Foundation who identified a massive employment multiplier for the Rio Tinto project.
This isn't new and a Senate estimates question last year almost perversely from a Greens senator drew a response from the current Treasury Secretary that there is no industry employment multiplier when an economy (currency zone?) is close to full employment. Resources are rather transferred.
Denniss has estimated that input-output industry multiplier models would employ 200% of the labour force. I think that maybe conservative at a regional level where consultants reports for the Far North economy with multipliers for everything from the Bruce Highway to the Gordonvale CWA sewing bee should easily employ at least 200% of the labour force and eliminate unemployment entirely!