Thread: Boost to the local economy (how do they work it out)

Just wondering........you see it mentioned all the time.

I just had the Defender Day at Boonah, I wonder how much the event boosted the local economy??

- is it just what each of us spent on the day?
- do they predict that our discussion with family, friends, work mates, and posting on forums encourages other to visit the area.

I just read an article in an online newspaper of an event which may no longer happen.......the number don't add up.

Yeah, Local shopping centre is being redeveloped with job losses so far of around 300 plus jobs already and a lot of businesses that may never come back and some liquidations due to low turnover, high rents and likely hood of being kicked out anyway.
They justify jobs during construction, but the majority of these are not local residents and contribute bugger all to the local community.
They estimate new jobs, but can the stuffed economy in Mandurah support more businesses long term? And what about those that have lost their job and livelihood in the mean time.

Originally Posted by Toxic_Avenger

I've never understood this either.
A local project will 'create' 200 jobs for the region. These jobs are often filled by people who are skilled in the role, who come from another area. Likewise 'new' created jobs are often lost shortly after (rarely reported on unless its a multinational pulling out of a market completely).
Sure the money earned is spent on living expenses irrespective- FIFO guys or imported workers will buy their paper, bread, milk, beer, fuel etc locally, but the long term benefits leave shortly after.
All in all building infrastructure is a good thing, but how the benefits are calculated for the purpose of political gain is a bit unclear.
Confusion abounds.