Our Jobless Green Future

Conn Carroll / April 17, 2009

This past summer we took the Center for American Progress to task for putting their name on a “study” purporting to show how how many “green collar jobs” $100 billion in government spending on “green investments” would create. At the time, we argued that all of CAP’s green job creation numbers were worthless since they ignored all the jobs that would be destroyed by the taxing and regulation needed to subsidize those green jobs.

Now a new study out of Spain, the very country President Barack Obama cites as an example of his green job future, demonstrates just how right we were. The Wall Street Journal reports:

The study, released last month by researchers at Universidad Rey Juan Carlos, uses data from the Spanish government and European Union to demonstrate that each job created in Spain’s renewables industry costs as much as 2.2 jobs elsewhere in the economy. (more…)