Spain’s green jobs experiment a bust
| June 25, 2009 |
And yet we’re heading down the same path. A report concludes that these “green” jobs require government subsidies to the tune of $800,000 to $1.4 million each and yet entail the loss of 2.2 million jobs in other industries due to the, and I love this phrase, “political allocations are sub-optimum in terms of economic efficiency.”
After launching the most ambitious green jobs initiative, Spain’s unemployment now stands at more than 18 percent. Don Quixote would be proud.