Good PR for Green Manufacturing: Studies Show Job Growth
Monday morning saw two pieces of good news for the Green Economy as it relates to job creation.
A study published by three universities shows that President Obama’s focus on Green Collar jobs will help create 1.9 million jobs and boost annual household income by $1000. If the $1000 figure focuses on an increase in gross household income, the study likely fails to measure the increase in discretionary household income that could result in more efficient home energy practices driven in part by Smart Grid adoption by consumers. Consumer spending is a huge economic stimulus in its own right and reducing one of the largest monthly budgetary items for households, while boosting gross income, would be a huge boon for other sectors.
A separate study by iSupply shows that the solar panel supply glut is working itself out, which could lead to recovering solar prices and kickstart a new wave of solar cell and module manufacturing. With many Asian and European solar manufacturers looking to boost manufacturing capacity inside the US to take advantage of government incentives and grants, and a number of US companies ramping up their manufacturing capactity, the result could be a wave of new manufacturing jobs in places like Michigan, Indiana, Ohio and Silicon Valley.
These trends, combined with a thawing in financing and a broader economic recovery, point to 2010 and 2011 being boom years for Cleantech job creation.
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