Report: Cap-and-Trade Legislation Could Result in Huge Job Loss
The proposed legislation also could cost the average household $2,100 annually.
Comments 0 | Recommend 0
April 30, 2009
Report: Cap-and-Trade Legislation Could Result in Huge Job Loss
Greenhouse gas cap-and-trade legislation such as that proposed by the Obama
administration and under discussion in the House could result in the loss of
more than 3 million jobs by 2030, according to a recently released report.
In addition, the legislation could cost the average household $2,100
annually, according to the report compiled on behalf of the Coalition for
Affordable American Energy, which receives funding from more than 180 business
groups.
“This study proves that the pending bill will be a massive weight on an
economy that is barely treading water,” said Bruce Josten, executive vice
president of government affairs at the U.S. Chamber of Commerce. “All consumers
and businesses would face steep increases in energy costs, leading to a spike in
the cost of goods and services throughout the U.S. economy.”
The study concludes that by 2030, natural gas and electricity costs will
increase by more than 50 percent and motor fuels costs by 78 cents a gallon.
Taken together, the combined effects of increased energy costs and dollars spent
on carbon reductions will force industry to reduce productivity.
The findings are in contrast to a recent EPA estimate that climate
legislation could cost each household $98 to $140 per year.
Guidelines: Comments that include profanity or personal attacks or other inappropriate comments or material will be removed
from the site. We will take steps to block users who violate any of our posting standards, terms of use or privacy policies
or any other policies governing this site. You are fully responsible for the content you post.
If you enjoy the content on the Workforce Management Web site and want to see more, try 3 issues of our print edition risk-free. If you wish to continue, you will receive one full year for just $79. That's over 59% off the cover price. If you decide Workforce Management is not for you, just write "Cancel" on the invoice, return it and owe nothing. The 3 issues are yours to keep with no further obligation to us. Sign up below.
Offer valid for new Workforce Management Subscribers only.
Canada subscribers - $129. All other Foreign - $199.
Sponsored Tools
Time & Attendance Systems Easily collect time data with our exclusive clocks, and manage it through our software, TimeForce.Top Performance Review Software Align goals, track performance year round,easy reviews-Free Demo & ResourcesEthics Training Your Company Needs Right Now! Truly effective ethics training does so much more than simply teach the rules. Your employees also need real-world skills in applying those rules. Bauer Ethics Seminars give employees the tools they need to really 'walk the talk' of great ethics!Pre-Employment Testing Know your employees before you hire. Aptitude, personality, skills tests. Free Trial.Employee Engagement Surveys Improve Business Performance While Improving the Workplace. Call Now!
= Member Only
