Multiple sources have added to the long list of evidence that green jobs do little to reduce the current US unemployment rate and has refuted Senator Harry Reid’s assertion that Nevada is the Saudi Arabia of solar and geothermal energy. It is rather unsettling, though not surprising, that the green industry has added just over 3,000 jobs in the Las Vegas area in the past eight, yes eight, years.
Moreover, a Las Vegas Review-Journal article added that this figure is barely over half of the number of jobs brought to the Las Vegas area when The Cosmopolitan of Las Vegas, a luxury casino resort, opened late last year. In regards to specific segments of the green industry in Nevada, a 48-megawatt solar plant in Nevada received $55 million in federal and state tax credits to hire five new employees while $61.5 million worth of stimulus money was granted to Enel Green Power’s geothermal projects.
However, the geothermal projects only employ 25 people. The anemic number of jobs created and saved combined with the high amount of capital invested in them is certainly not what Senator Harry Reid had envisioned when he declared his state the Saudi Arabia of solar and geothermal energy.
Such figures only reveal a fraction of a national phenomenon of waste.
The BlueGreen Alliance, which is composed of labor unions and environmentalists, has found that the Obama Administration has spent $93 billion saving or creating 1 million green jobs across the nation. Thus, each green job in question has required $93,000 to be created or saved from the budgetary ax. Amazingly, this is a low estimate.
The Washington Post has estimated that only 225,000 green energy jobs have been saved or created with $90 billion, at the rate of $400,000 per job!
While these green jobs do benefit the planet and are positive presences in and of themselves, the ridiculously high amount of financial subsidies that have been used to create and keep these jobs indicates governmental irresponsibility. Just as well, the shockingly small amount of green jobs created and kept with such a high price tag points to the severe need for the green energy industry to go through many more years of innovation until it can provide a sufficient number of jobs with minimal government intervention.