Quote (Black XistenZ @ Nov 6 2021 02:31pm)
You know full well that training/job replacement programs are a lost cause for any coal worker older than ~40, and that a lot of the younger coal workers are also too uneducated/low IQ to have any hope of finding a similarly paid job again.
The truth is that job training and replacement programs serve to provide an economic future for the next generation in places affected by structural change. The goal is that the daughter of the coal miner can become a programmer or engineer. It is disingenuous to insinuate that this kind of structural change will not be a huge hit to the affected workers and their communities; to insinuate that there will not be at least one generation of economic suffering.
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Could we stop using this ridiculous term "human infrastructure" and call it "social spending" again?
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Stock prices reflect market expectations about the future profitability of a business. If coal was as done for as you pretend it is, these coal stocks would already have cratered and a smart, well-connected person like Manchin would have already gotten rid of them years ago.
I don't accept at all that job replacement programs are not viable for people over 40. and IQ is not a particularly useful metric for if somebody can be retrained. There are a shit load of decent paying jobs that don't need higher than an 85 IQ. You can also improve your IQ by a full standard deviation by just getting in a less stressful environment. IQ is not nearly as static as people are lead to believe.
Coal companies are retaining profit by automating. They can ship less coal over time with a higher margin using technology. That's the simple reason why coal stocks are not going down.
Also, coal jobs in all of the U.S. are only like 40k. That's.... not a lot of jobs. At all. The suffering that will be caused by even a total elimination of coal jobs is about one week of new jobs numbers in the U.S.
"Human infrastructure" is accurate. Sorry you would prefer a term that's more loaded in favor of the side you support, but you don't control language. The number one piece of infrastructure any country has is their skill acquisition infrastructure, which is education.
Solar has been cheaper than coal for over 10 years now before you account for subsidy. After you account for subsidy (which massively favors fossil fuels) it's been cheaper for several years. That's why you see renewables going up fucking everywhere, and virtually no new coal plants outside of third world countries that are still industrializing.
Quote (Black XistenZ @ Nov 6 2021 02:46pm)
I do not argue in favor of holding up technological progress, my argument is that those displaced by new technologies will draw the short end of the stick and no amount of government investment will be able to change the economic loss these people/communities have to suffer.
This becomes a particularly dicey political issue when one side wants to use government intervention to accelerate technological displacement beyond the rate at which it would "naturally" occur due to market forces.
How many of the people who change their careers in their mid 40s are highly educated white collar workers and how many of them are sub-90 IQ college dropouts? Fossil industry jobs provide an opportunity for low education folks to earn an income that's all but unattainable in most other low qualification jobs.
Your middle line is massively dishonest. You are in favor of government distorting market forces towards keeping these jobs longer than they are economically viable. If we had allowed the market to find a solution we would have been actively fining fossil fuels for the long-term damage they cause to the environment, and the long-term damage they cause to their surrounding communities in the form of pollution and medical costs to their workers.
If we were working in a strictly market system with all factors accounted for, we would not be dependent on fossil fuels. The natural rate of elimination of these jobs is that they would virtually all be eliminated decades ago.
This post was edited by NetflixAdaptationWidow on Nov 6 2021 02:52pm