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CAN BIDEN ADD ENERGY JOBS? HOPE MIXES WITH DOUBT

Techlife News

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Techlife News #493

Good-paying jobs — many of them.

CAN BIDEN ADD ENERGY JOBS? HOPE MIXES WITH DOUBT

That’s the seductive idea around which President Joe Biden is proposing a vast transformation of the energy sector, with the promise of making it far more energy-efficient and environmentally friendly. As Biden portrays it, his plan to invest in infrastructure — and accelerate a shift to renewable energy and electric vehicles, to more efficient homes and upgrades to the power grid — would produce jobs at least as good as the ones that might be lost in the process.

His plans call for 100% renewable energy in the power sector by 2035. To people who have devoted careers to the fossil fuel industries, those plans may look more like a dire threat. To the president, though, out-of-work oil workers could be shifted to other jobs — plugging uncapped oil wells, for example — and thousands more positions would be created to help string power lines and build electric vehicles and their components.

“We think that’s a lot of jobs to fill, and one of the key questions is: How do we build the right skill base that can help fill those jobs?” said Matt Sigelman, CEO of Burning Glass Technologies, a labor market analytics firm.

The outlook for the energy industry’s coming decades, as Biden’s plan would have it, includes good wages and good benefits, reinforced by a revival of labor unions.

“I’m a union guy,” he said at a union training center in Pittsburgh. “I support unions, unions built the middle class, and it’s about time they started to get a piece of the action.”

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time to read

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time to read

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The Walt Disney Company said Thursday that it will make a $1 billion equity investment in OpenAI and has reached a licensing agreement that will allow the use of characters from its major entertainment franchises in OpenAI’s generative artificial intelligence tools, including the Sora video generator and ChatGPT image features.

time to read

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SPACEX SAID TO BE PREPARING A 2026 IPO AS VALUATION EXPECTATIONS RISE

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APPLE'S ORIGINALS EARN MULTIPLE GOLDEN GLOBE NOMINATIONS AS THE STUDIO CONTINUES EXPANDING ITS PREMIUM SLATE

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time to read

4 mins

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