Is Renewable Energy a Threat To Economic Prosperity?
I’m proud that Tom Konrad, famed stock market analyst and editor of AltEnergyStocks.com, offers his comments here frequently. In a post yesterday, he offered me guidance in wrapping my wits around the issue of green jobs, directing me to his thoughtful article on Forbes.com, linked below. There, Tom looks at the issue from the standpoint of basic microeconomics’ “production function” which suggests that labor can be freely substituted for capital and energy. He provides examples recently, including this one:
Shifting people out of their cars and onto mass transit will create jobs because there will have to be drivers and people managing the transit system, where before no one was paid to drive. To the extent that the transit system can be paid for out of the reduced fuel costs and car ownership costs of the former drivers turned riders, the number of jobs created will be a pure economic gain.
But I wonder if it’s that simple. (more…)








