11 Jan '13, 4pm

Per $1M of Federal expenditure, #Military creates 11 jobs. #Infrastructure investment = 17 jobs, #Education = 27 jobs:

Per $1M of Federal expenditure, #Military creates 11 jobs. #Infrastructure investment = 17 jobs, #Education = 27 jobs:

Abdo, a lithe and neat man with salt-and-pepper hair, was wearing jeans and a trim pullover and excitedly explaining how he was going to raze the office we were sitting in and replace it with more of his signature “luxury but affordable,” as he put it, rental units. He showed me a photograph of our location, a corner with a busy coffee shop with outdoor seating, a high-end rug store and the Abdo Development office. In the next slide, the buildings had been replaced by a handsome new glass-and-brick stack of a building, custom-built for white-collar professionals paying $3,000 in rent, all made possible by their low-level but cushy private-sector jobs. “We’re looking for those kids just out of law school who’ve come to Washington and they’re working 14 hours a day, but they want a place that isn’t a group house,” he said. “It’s for people who want to say, ‘I’ve arrived.’ ” ...

Full article: http://www.nytimes.com/2013/01/13/magazine/washingtons-ec...

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