Tuesday, May 23, 2017

Solar Power Wasting Labor

I usually turn to Econlog for Bryan Caplan posts, but once in a while I like a post from the others.

So try this one: Solar Power: Lots of Jobs per KWH is bad, not good.
To start, despite a huge workforce of almost 400,000 solar workers (about 20 percent of electric power payrolls in 2016), that sector produced an insignificant share, less than 1 percent, of the electric power generated in the United States last year
Of course, the definition of economic progress is to create more with less. Employing a lot of people is easy, pay some to dig holes and others to fill them in. Ultimately it's a good thing to create just as much with fewer people. Those people are then able to go do other things, and now 2 things are getting done instead of 1!