RantingCanuck
mastodon 4.8.0-alpha.3+glitchCalgarian, Father, Husband, Bachelor of Science, Bachelor of Education, Democratic Socialist
Living with a permanent invisible disability and Neurodivergent.

@anyGould@kind.social @ChrisCorrigan@cosocial.ca @dyckron@cosocial.ca
I agree that a P&L analysis is what is needed... but also governments need to stop forecasting the economic impact of large events using models that assume everything else stays the same.
A few examples:
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The model looks at how many people will travel to Toronto for the World Cup but assumes that everyone else who would have travelled to Toronto at that same time still does so rather than calculating how many 'regular' tourists will just stay home or take their spending elsewhere.
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The model looks at how much people are going to spend at restaurants near World Cup venues but fails to calculate how much of that spending is from people who already live in the GTA and would have spent that money somehwere in the GTA regardless (thus it's not actually new economic spending but simply shifted)