4.8.09

Unemployment can be a factor of another wave of global recession


Another dream is shattered. Green jobs will not produce enough jobs to counteract against dramatic unemployment. An excellent article in Forbes is a great and needed lesson for Poland as well.

Indeed a recent study by Sam Sherraden at the center-left New America Foundation finds that, for the most part, green jobs constitute a negligible factor in employment--and will continue to do so for the foreseeable future. Policymakers, he warns, should avoid "overpromising about the jobs and investment we can expect from government spending to support the green economy."

Here is also interesting study on the subject. (In the meantime, behind western Polish border propaganda on green jobs (
No other country in the world has better conditions to become the world's top supplier for machines and products that save energy) is booming during electoral battle between Merkel and Steinmeier)

In the light of that, Nouriel Roubini's analysis becomes even more relevant. Few weeks ago he stated that global economy may fall into another recession because of rising government debt, higher oil prices and a lack of job growth.




Credit for picture belongs here

Ronald Reagan Quotes