Tuesday, January 18, 2011

Evergreen to Relocate Factory to China

NYT Economx Blog reports that Evergreen, a Massachusetts solar panel startup, is moving 800 jobs to China to contain costs. This is an example of exactly the effect I predicted on this blog - Green economy dollars spurring Chinese rather than American job growth We need to invest in the means of production - a second industrial revolution - not just in the products of high growth industry. Subsidizing innovation in industrial production that can dramatically reduce the labor needed for manufacturing, and we will actually create more American jobs.

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