Monday, April 3, 2017

Robert Reich: Trump's Big Bet on Coal and the Energy Future

President Donald Trump promised his followers that if he was elected he would make the coal industry great again. He would bring back coal mining jobs. Simply put, however, that is not going to happen.

Over the last thirty-five years, employment in the coal industry has declined.

The decline is the result of various factors: falling prices for natural gas; advances made in renewable energy technology-- particularly in wind and solar energy; federal regulations to protect public health caused additional but necessary cost-- which Trump is determined to roll back; mechanization, automation, and robotics have caused unemployment.

All those factors have created falling demand for coal and decreases in employment.

Robert Reich puts it in perspective in this Inequality Media presentation:

What’s Driving the Decline of Coal in the United States