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Job generation throughout the economy has been weak even as layoffs have slowed.
Ohio generated 100,000 jobs from June 2011 to June 2012, and ranked fourth in job generation, according to the Bureau of Labor Statistics, behind Texas, California and New York.
For decades, the assumption has been that small business is the economy's dynamic engine of job generation.
"We believe that job generation is a social good," said Mr. Yang, who sees the program's creating jobs in two ways.
With the right policy frameworks in place, the return on investment can be enormous: increased productivity and growth, job generation, included for grass-roots entrepreneurs, improved public health, enhanced energy security and a more stable climate.
Still, he admits, that "recently the disparity in growth rates and in job creation have created renewed focus on domestic job generation" in rich countries.What might the next stage of the industry look like?
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But Gen Y has changed all that, so it's no coincidence that this live-at-home-forever, get-a-blog-but-not-a-real-job generation is also the champion of the onesie.
And the beauty of this strategy for green-job generation?
Using differential equations and the explicit representation of stocks and flows, the model calculates, among others, the likely energy demand, aggregated jobs generation due to the investment in different energy sources, and GHG emissions for each sector.
At the current rate of jobs generation, it will take six years to make up the jobs lost in the Great Recession.
The job-generation estimate by the Information Technology and Innovation Foundation translates into more than 30,000 jobs created for each $1 billion of government investment — roughly similar to projections for public works spending.
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