Wednesday, November 21, 2012

Ethanol Costs One Million Jobs

By Dennis T. Avery

IF President Obama still cares about more U.S. jobs and high food costs he can now immediately gain on both.. An economist in Indianapolis just calculated that the U.S. is losing a million jobs this year—along with $30 billion in economic growth—because we shifted too much of our corn into ethanol. Tom Elam says direct employment in the food industry would have produced three times as many jobs processing and marketing meat as making ethanol from the same corn. Elam calculates the foregone jobs at 941,000. That doesn’t even count the myriad of jobs that would have been needed to support the newly employed one million Americans.  To Read More…

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