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Green New Deal Jobs

Updated on February 9, 2019
George Talbot profile image

George Talbot is a writer an investor who graduated from the University of Michigan with degrees in political science and economics.

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In case you've had you've been in a cave since the 2018 midterm elections, the Green New Deal is the hottest potential bill in Washington right now.

New York representative Alexandria Ocasio-Cortez and other left-wing democrats have been championing the deal and for good reason!

The Green New Deal is a proposed sweeping government program that is equal parts economic aid for those who have not seen the benefits of 2017's corporate tax cut (aka the vast majority of Americans), and an environmental campaign to dramatically reduce America's dependence on fossil fuels in the next decade.

The basic idea is that the two initiatives will have massive positive impact not only on the job market and the environment, but will also help fund health care, mitigate racial and ethnic inequalities, and more.

And the government is going to pay for it.

So will it work?

Obviously a commitment to renewable energy will go a very long way in curbing America's dependency on fossil fuels, and hopefully that will begin to curb the impact of global warming.

Another question, however, is whether or not it will work when it comes to jobs and job creation.

How many jobs could the green new deal create?

Without the promise that the Green New Deal would create jobs, it would be a literal non starter. After all, the name "Green New Deal" is based off of President Roosevelt's New Deal, which partially helped get America out of the Great Depression.

Based on early predictions from expert economists, the Green New Deal would be a serious job creator. But that doesn't mean jobs wouldn't be destroyed in the process as well.

As a part of the Green New Deal, and the initiative to be 100 percent renewable by 2030, many of the forms of energy that employ thousands of Americans now would go away. Jobs related to mining, refining, drilling, and burning coal, oil, and gas would disappear.

If you want to see an early report of the projections that the Green New Deal could meet, a report from 2014 which looked into what it would take for America to cut carbon emissions by 40 percent in 20 years.

That study predicted that the American government and private companies would have to invest $200 billion a year. That kind of spending would lead to 4.2 million jobs created.

The study also predicted that a shift in emphasis from gas and fossil fuels to green energy would result in 1.5 million job destroyed.

That creates a net of 2.7 jobs created.

That would be a massive injection into the American middle class and American economy.

But what about those who were trained to work in jobs that would no longer exist? The Green New Deal has an answer for that.

A New Set of Skills

For those who are worried that they would be left out in the cold of the Green New Deal, those who are championing it have a plan set in place.

The Green New Deal promises to help those whose livelihoods are rendered obsolete by the bill.

It claims that its goal is to "diversify local and regional economies, with a particular focus on communities where the fossil fuel industry holds significant control over the labor market." On top of that, it pledges to offer economic aid to those communitiies that are struggling regardless of whether or not those struggles were caused by decarbonization.

It seems like a great plan. Only time will tell whether or not that plan becomes the law of the land.

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