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Spain’s green jobs experiment a bust

Posted By Tom Jackson On June 25, 2009 @ 9:11 am In Construction News | No Comments

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 [1] 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.

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[1] government subsidies to the tune of $800,000 to $1.4 million each: http://www.realclearpolitics.com/articles/2009/06/25/tilting_at_green_windmills_97168.html

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