The Washington Examiner reports:
In 2012, California voters were peppered with grandiose promises, such that they could not resist approving Proposition 39. The measure, created and backed by wealthy environmentalist Tom Steyer, sought to raise taxes on corporations and use the money to fund green energy projects in schools.
He promised it would create 11,000 new jobs each year. What could go wrong?
The NZ Greens also promote Green jobs. By that they means jobs which they think are needed, rather than jobs there is a market demand for.
Naturally, it did not work at all. On Monday, the Associated Press reported that the program has “created” just 1,700 jobs in three years — just under 600 jobs per year or roughly five percent of what was promised, at the cost of $175,000 per job.
And even if you think it is worth paying $175,000 to create a job …
Even that paltry figure fails to account for opportunity costs — i.e. jobs lost statewide because of the forced diversion of economic resources away from productive industries and toward green energy. The number of net jobs created is likely zero or less than zero, which is to say that probably a few hundred or a few thousand jobs have been destroyed so far at a cost of $300 million.