Friday, June 1, 2012

Alaska Dispatch| Do you think they calculated ...

Mixing news and editorial commentary, a story in yesterday's Alaska Dispatch touted the positive effect, at least in the Dispatch's eyes, of ACES on state employment.  "A new manufacturing directory says Alaska's oil-and-gas workforce expanded 5 percent over the last year to 9,062 employees, a sign that new tax incentives for exploration continue to work some magic." See New Data Suggest Continued Growth of Alaska Oil Jobs, Alaska Dispatch (May 31, 2012). I read the story to see if they calculated -- or even mentioned -- the potential cost to the state of that approach to adding jobs.  Nope.  One approach is to divide the $400 million in credits included in the FY 2013 budget by the number of jobs which the Dispatch implies were added (the story suggests that number is roughly 430 jobs).  That's $930,000 per job.  Wow.