Debate Sparked By Apple’s Job Creation Data
Last week, Apple released employment data study that suggested that the iPhone-maker was directly and indirectly responsible for 514,000 jobs in the US.
According to a report in New York Times, now economists are debating its accuracy of that study.
Some people believed that Apple was boosting its numbers by claiming workers who would have been employed at other places if Apple did not exist. Others questioned Apple’s use of job multipliers which are used to estimate the number of indirect workers associated with an industry. When Apple claimed responsibility for 210,000 app economy jobs, it used a multiplier to arrive at this figure. Because they can vary so widely, the use of these estimates are fiercely debated among economists.
One thing that most economists agreed on is that Apple has a big impact on the American economy and it is indeed creating new jobs in the US. The extent of this impact and the number of jobs is debatable at the moment probably debate would continue for years.