mfb said:
Job creation = higher costs
All those additional jobs will need someone to pay for them. You cannot have something cheaper with more employees at the same wage, that does not work. Every concept that claims to increase employment rate and reduce cost at the same time has some calculation error. It can work if you export something and kill jobs elsewhere, of course.
Is it safe to assume you are referring to the most recent article I posted?
If so, I see it differently.
I just transcribed the cost of crude oil imports into the USA.
[ref]
Over the last ten years, they have averaged around $258 billion per year.
That's $2.6 trillion over the last 10 years, with the total from 1973 to 2014 being only $4.1 trillion.
So the trend looks pretty bad to me.
The article claims that the net transition gain in employment will be 5.9 million.
≈3.9 million 40-year construction jobs
≈2.0 million 40-year operation jobs for the energy facilities alone
the sum of which would outweigh the ≈3.9 million jobs lost in the conventional energy sector.
The permanent result will be a loss of 1.9 million jobs.
As always, I see a trade deficit to be a much worse burden on a nation, than an internal cost, as, in the later case, the money is recycled. In the former case, you have to figure out what to sell someone in order to break even.
According to another source, the total trade imbalance for the same period is $10 trillion.
[ref]
So I consider the $4.1 trillion, to be significant.
The rest of the imbalance is of course, a topic for another thread. And I won't go there, as even I don't know how to fix stupid.