Montana Economy At a Glance 2006 Apr
Montana Economy At a Glance 2006 Apr
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Scenario One: Eastern Montana Coal Mine Reclamation Pits 20 Acres 150,000 Open Acres 15,000 Reclaimed Acres 3,000 Reclamation Cost Per Acre $2,000 Total Cost $6,000,000 Employment Effect: 1 Coal Job =1.91 Other Industry Jobs Compensation Effect: $1 Coal Wages/Benefits = $0.53 Other Industry Wages/Benefits Given that the money spent on reclaiming the open pits is known, and that the workers are employed by the coal industry, we can estimate the economic impact of this work on the region. Using I...MPLAN, a mod- eling program used to estimate relationships between economic sectors, two effects are found. First, for every reclamation related job, an additional 1.91 jobs are created in the region. This is considered a strong multiplier effect, but is not surprising given the high wages paid to workers in the coal industry.
Second, we found that every dol- lar paid in wages and benefits to reclamation workers resulted in an additional $0.53 paid to other workers in the region. This mul- tiplier is considerably lower, but not unexpected given the types of jobs created in the region.
What to read after Montana Economy At a Glance 2006 Apr?
You can find similar books in the "Read Also" column, or choose other free books by Montana.Dept. of Labor And Industry.Research And Analysis Bureau to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Scenario One: Eastern Montana Coal Mine Reclamation Pits 20 Acres 150,000 Open Acres 15,000 Reclaimed Acres 3,000 Reclamation Cost Per Acre $2,000 Total Cost $6,000,000 Employment Effect: 1 Coal Job =1.91 Other Industry Jobs Compensation Effect: $1 Coal Wages/Benefits = $0.53 Other Industry Wages/Benefits Given that the money spent on reclaiming the open pits is known, and that the workers are employed by the coal industry, we can estimate the economic impact of this work on the region. Using I...MPLAN, a mod- eling program used to estimate relationships between economic sectors, two effects are found. First, for every reclamation related job, an additional 1.91 jobs are created in the region. This is considered a strong multiplier effect, but is not surprising given the high wages paid to workers in the coal industry.
Second, we found that every dol- lar paid in wages and benefits to reclamation workers resulted in an additional $0.53 paid to other workers in the region. This mul- tiplier is considerably lower, but not unexpected given the types of jobs created in the region.
What to read after Montana Economy At a Glance 2006 Apr?
You can find similar books in the "Read Also" column, or choose other free books by Montana.Dept. of Labor And Industry.Research And Analysis Bureau to read onlineMoreLess
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