ICYMI - William Watson: Another non-zero net-zero cost
from five IMF researchers titled, “Transitioning to a Greener Labor Market: Cross-Country Evidence from Microdata.” It’s the kind of study that has only been possible in the last couple of decades as the price of computing power has plummeted: 34 countries, hundreds of job categories, 14 years of data.
People generally resist this kind of transitioning. They have often grown to like, and even value, the work they’ve trained for and been busy with for much of their working lives. The visionaries counter this by saying there will be lots of new green jobs for which people can be retrained, in many cases with not a very big investment in time or money.
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