15 Minute Cover Letter: Write An Effective Cover Letter by Louise Kursmark

By Louise Kursmark

Mike Farr's progressive recommendation in six speedy chapters. comprises dozens of professionally written hide letters and writing suggestion.

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Sample text

Governments at all levels devote major resources to supplement these incentives with subsidies for public and private education. But, no matter how well trained the labor force, many, perhaps most, workers remain underemployed, if not actually unemployed. If economic development programs have a claim on the public fisc, that claim rests on such widespread underemployment. In its strongest form, the argument describes the national economy as subject to considerable churning and rigid wages. Together these common phenomena hinder the workings of the labor market.

The model adjusts all employment to account for displaced employment, employment taken up by suburban commuters, and “deadweight” employment that would have occurred anyway. This adjusted job count is converted into earnings estimates and distributed across five wage classes. The amount of earnings credited to each of the five classes is adjusted to account for the fact that high earners have higher opportunity costs and other alternatives for earning at a similar level. This opportunity cost adjustment gives the analysis a distributional perspective.

The former measures program output and the latter program yield. As noted earlier, these “benefits” are really measuring the project’s gross impacts rather than its social worth or value. In most instances, this type of account would represent the maximum extent of impact analysis. At best, some effort would be expended in trying to create an accurate employment picture, which means consideration of demand displacement, deadweight employment, and indirect and induced jobs. In many instances, an attempt will further be made to translate program-attributable jobs into an earnings estimate.

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