Reply #10: China’s Labor Edge Overpowers Obama’s ‘Green’ Jobs Initiatives [View All]

[ozymandius]

Feb. 4 (Bloomberg) -- President Barack Obama is spending $2.1 million to help Suntech Power Holdings Co. build a solar- panel plant in Arizona. It will hire 70 Americans to assemble components made by Suntech’s 11,000 Chinese workers.

That gap shows the challenge Obama faces as he works to create “green” jobs. Asia makes more than half the world’s wind and solar energy equipment, and is gaining ground as U.S. factories lose out to cheaper labor and higher demand for clean energy. China for the first time topped the U.S. in wind-turbine manufacturing and installations last year, the Brussels-based Global Wind Energy Council said yesterday in a report.

Obama is giving billions of dollars in tax breaks to the wind and solar industries to create jobs in the U.S. even as production expands faster overseas. First Solar Inc., the world’s largest maker of thin-film solar-power modules, won $16.3 million to add 200 manufacturing jobs at its Ohio plant, yet 71 percent of its planned factory growth will go to Malaysia. The company employs 4,500 globally. ....

http://www.bloomberg.com/apps/news?pid=20601109&sid=adIdrmtTtyw8

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If the powdered wigged Senate continues to sit on its collective ass then we will see many more stories like this.