The Times reports on a weird perversion of economics here. People are complaining that the new windfarms are going to be too cheap:
Britain is forecast to miss out on more than half of the £50 billion investment in building offshore wind farms in its waters this decade, with the majority of orders for turbines and other equipment expected to go to factories and suppliers overseas.
A commitment to quadruple UK offshore wind capacity by 2030 was one of the key policy proposals outlined by Boris Johnson in his ten-point plan last week to cut emissions and create jobs. However, government figures predict that only about £20 billion of the investment will go to Britain.
Investment is spending money in order to gain something. Work is the something you’ve got to do in order to gain the money that is being invested. Work, that is, is a cost of the investment, not a benefit of it.
Sure, people like to have incomes because they like swapping them for the things they can consume. But it’s still true that the work they’ve got to go and do is a cost of gaining those incomes.
Work, jobs, they’re a cost, not a benefit.
So, the complaint here is that we’ll get those windmills at lower cost to us Britons. Because we’ll have to do less work to gain them. And how stupid is that? Why, it’s almost stupid enough to be a political complaint, isn’t it?