Job Losses From Obama Green Stimulus Foreseen in Spanish Study - for 1 green job, 2.2 jobs in other industries disappear.
Economy • March 2009 • Views: 317
Subsidizing renewable energy in the U.S. may destroy two jobs for every one created if Spain’s experience with windmills and solar farms is any guide.
For every new position that depends on energy price supports, at least 2.2 jobs in other industries will disappear, according to a study from King Juan Carlos University in Madrid.
…“The loss of jobs could be greater if you account for the amount of lost industry that moves out of the country due to higher energy prices,” he said in an interview.