"Green jobs" costing $135,294 per job

From Investors' Business Daily:

The White House announced Friday the awarding of $2.3 billion in tax credits — the money comes from last year’s stimulus bill — to companies to create “green jobs.”
The announcement was rather obviously timed to counter the news that the nation lost 85,000 jobs last month and the unemployment rate stayed at 10% — bad news for an administration that once promised to hold unemployment to 8% by the end of 2009. . . .
Obama says the grants will create 17,000 cleantech jobs. Well, get out your calculator. $2.3 billion for 17,000 jobs equals $135,294 per job. (And that’s not including the eventual interest on this deficit spending). Those green jobs had better pay well over six figures to justify that expense. . . .



Blogger Proof said...

"17,000 jobs @ $135,294 per job"
I got the impression that these were going to be primarily manufacturing jobs. So, the question isn't necessarily what their salaries would be, but whether each would be able to produce goods and services that would justify $135,294 per job.

1/09/2010 10:46 PM  

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