The Prime Minister, the Treasurer and the Energy Minister were supposedly somewhat trained as economists, but all three fail to grasp the discipline’s basic principles.
Energy Minister Bowen claims that his renewables program will create 60,000 jobs by replacing ‘legacy’ coal plants with wind and solar facilities plus the increase in power lines and batteries that replacement will entail.
While increases in jobs (and/or income levels) may result from the services stemming from government spending, Mr Bowen’s numbers refer to the gross jobs involved in the construction activities themselves.
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