Remember how we were going to see all those jobs in sustainable energy sectors? Guess not:
The Obama administration distributed $9 billion in economic “stimulus” funds to solar and wind projects in 2009-11 that created, as the end result, 910 “direct” jobs — annual operation and maintenance positions — meaning that it cost about $9.8 million to establish each of those long-term jobs.
Considering that average lifetime earnings for a US worker are somewhere in the neighborhood of $1.5 – $2 million, it’s not hard to see the lack of sustainability inherent in this level of spending for each job.
Is there a place for wind and solar power? Absolutely. Is the current administration’s funding of billions in projects helping the industry?
Well, in the short term, there are some folks doing very well–but then again, a tumbleweed does well until it dries up and blows away, too.