Saturday, January 30, 2010

Buying "Green" Jobs

As an economist, I'm always interested in the prices of various things. The latest is what it costs to buy a "green" job.

Suntech Power Holdings Co. plans to open a solar-panel manufacturing plant in Goodyear later this year and initially hire about 75 people. In order to persuade them to do that, they will receive subsidies from all level of government. The feds will put in $2.1 million, the state $1 to $1.5 million and Goodyear will add $500,000. In all $3.6 to $4.1 million.

Our government just paid between $46,667 and $54,667 for each of those jobs.

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