Exposing the madness wehind current economic thought

Monday, June 17, 2013

How the wind farm industry is destroying jobs

Every job in Britain's wind farm industry is effectively subsidized to the extent of £100,000 per year. That is £100,000 that is extracted from the real economy.

A new analysis of government and industry figures shows that wind turbine owners received £1.2 billion in the form of a consumer subsidy, paid by a supplement on electricity bills last year. They employed 12,000 people, to produce an effective £100,000 subsidy on each job.

The disclosure is potentially embarrassing for the wind industry, which claims it is an economically dynamic sector that creates jobs. It was described by critics as proof the sector was not economically viable, with one calling it evidence of "soft jobs" that depended on the taxpayer.