31 Mar '12, 12pm

Can Government Regulation Create Jobs? - The Alternative ...: Government studies show that similar regulations c...

Can Government Regulation Create Jobs? - The Alternative ...: Government studies show that similar regulations c...

Current government regulations in the power plant industry are lauded as being the “most extensive intervention into the power market and job market that the EPA (Environmental Protection Agency) has ever attempted to implement”. The rules entail large reductions of mercury and sulfur dioxide produced by coal-fired plants, leading EPA to estimate the cost for upgrading the plants to be around $12 billion. Claims of forthcoming job losses associated with the new regulations are based on previously studied government regulations implemented over the last 10 years, but as always, there are two sides to every story. Government studies show that similar regulations create new jobs with sustainable means over the jobs that are being eliminated; most of the time this process culminates in increased prices and the shutdown of the dirtiest coal plants, causing uproar amongst th...

Full article: http://www.alternativeconsumer.com/2012/03/31/can-governm...

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