this post was submitted on 19 Dec 2023
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Any decision made to create or preserve jobs is inherently wasteful. You're spending money to avoid losing an economic output that the market has decided no longer needs to exist.
It's also opportunity cost. Literally anything else could also create jobs. How many jobs would building houses create? Solar or wind farm? A 24/7 orgy playground?
Capitalist economics is more complicated than that, though, since there are artificial boom-and-bust cycles. People do deserve employment.
The people really pushing the project were the developers, a few people who stood to make an outiszed portion of the money, and the apparently corrupt mayor who I'm sure was planning on lining his own pocket somehow.
People can be employed in fields where they're needed. You wouldn't argue about maintaining coal mining jobs, would you? I'm all for funding a "coal to clean energy" apprenticeship/certification program or something, but refusing to adopt fridges so the milkman doesn't have to find a new job is a sure fire way to stifle progress and waste taxpayer money on subsidies.
Sure, I agree with that. The idea that once people are making money a certain way it has to continue forever is harmful.
Would be nice if it weren't lifetime debt inducing to swap career fields, though.
It's true, the way our capitalist system is set up it's mainly the workers and less wealthy people in general who get screwed by progress and obsolescence. Wealthy people are very worried about it too of course, since something like phasing out coal could mean bankruptcy for them and they'd have to, oh no, get a job or something. Or you know, there goes the family dynasty... That's harder to feel sorry for though, and it's a lot easier for them to transition to something else, with some foresight.