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Politics : Politics of Energy
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To: Brumar89 who wrote (5579)3/4/2009 2:25:33 PM
From: RetiredNow  Read Replies (1) of 86356
 
In every shift, some people lose jobs and others gain. That's the way of a market economy. For example, when the Internet went into full steam, many old bricks and morter companies went out of business to be replaced by combo bricks/Internet and Internet only businesses. Many people low-value add, low pay workers lost their jobs and they were replaced by higher-skilled, higher-paid workers in the tech industry. The economic pie increased as a result.

Do I feel bad for the folks who lose their jobs? Yes. But the way a free market works is that it evolves and sometimes structural changes take place. The Internet ushered in a structural change. Weaning ourselves off of oil and coal and diversifying to renewables will also usher in a structural change. The economic pie will be increased as a result of this change as well, although some jobs in some industries may never come back.

The best I can say for those in the oil and coal industry is that they should consider diversifying their skills while there is still time.
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