Tuesday, June 17, 2014
In which you get a cowboy hat, great maths, and Alec Baldwin closing ... and second prize is ...
Has this gone viral yet?
Acording to Joe Hockey, unemployed youth will have to apply for 40 jobs per month ( SMH ) while other unemployed must apply for 20 or so positions per month. Currently there are some 720,000 unemployed in Australia ( ABS ) competing for about 140,000 vacancies ( ABS ).
These rather ordinary sounding numbers turn out to represent thrilling opportunities, creating the potential for an administration-led recovery that could power Australia’s future.
Because the application requirement is created by fiat, there is no need to be tied down by market forces or be inconvenienced by changes in demand. It’s recession proof! Some simple maths cracks open the veil on the panoply of opportunities thus created.
100,000 youth producing 40 applications per month means 4 million applications per month. The remaining 620,000 unemployed (20 applications per month) would deliver a further 12.4 million applications each month, giving a grand total of around 16 million applications per month.
With those kinds of numbers each month, the private sector and government will urgently need more staff to process, sort and respond to those applications, as well as keep records in case of Centrelink checking on the individual unemployed. It’s a veritable miracle of job creation.
The pond is indebted to Mike Bolan at the Tasmanian Times here, for this incisive analysis.
It's clear Bolan isn't a leaner, he's a lifter! And a maths lifter whiz at that ...
But wait, there's more:
To review, 16 million applications per month is 192 million applications per year (remember the actual number of vacancies doesn’t matter, what’s important is that there are plenty of unemployed to send applications). If we allow that one person could reasonably review 50 applications per day (less if replies had to be written) or 12,500 per year, that would result in a need for over 15,000 people just to process the applications!!! Each of them would need supervision, management, training, quality assurance, safety and human resources leading to total employment of around 25,000!
And there's even more, but give the man a click. He deserves it.
Besides, the pond now only has time for a important message from its sponsor, the man in the cowboy hat who ensures loonacy is alive and well in this loonatic land.
Posted by dorothy parker at 6/17/2014 09:52:00 AM