Thursday, April 9, 2009

Green JOBS - What it mean?

The GREEN JOB thing is a masterstroke in the never ending battle for your buy in. It's all about conveying a message in as few words as possible and competing with the thousand other messages you get in a day. Only a few of these have a chance of penetrating into your psyche.
JOBS conveys what most of us worry about. JOB LOSS = BAD, JOB GAIN = GOOD.

But what does it really mean? Do you care? If you do I encourage you to read this article from City-Journal.
Here's a teaser quote:

The nineteenth-century French economist Frédéric Bastiat made an invaluable contribution to modern economics by demolishing the notion that a broken window is a good thing inasmuch as it provides work for the glazier. As Bastiat observed, the money that goes to pay the glassmaker would, had the window never been broken at all, have supported some other productive enterprise. Society as a whole winds up poorer, even if the glassmaker profits.
With his promise of 5 million new green jobs, Barack Obama heaves a brick straight through Bastiat’s window. Yesterday’s glazier is tomorrow’s solar-panel installer. The green-jobs promise amounts to killing jobs in efficient industries to create jobs in inefficient ones—hardly a recipe for economic success

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