In a small press release from ksl.com, we read the story that the Utah government is creating more jobs with its investment in an I-15 CORE project. According to the article, this new project is creating more jobs than a typical project of this size usually creates as the government is being strategic in utilizing local businesses to purchase the building materials needed for the job.
I appreciate this endeavor as it appears that the Utah government is doing something similar to what the National government did during with time of the “Great Depression” with their Civilian Conservation Corps program.
I believe that this project will shift the “job supply” curve to the right while the “jobs demanded” curve will remain in the same location. As a result, the price of labor may fall some (making it harder for those already employed to make better wages); however, more people will have the opportunity to be employed and thus the overall market will improve with more employed workers.