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At the end of 2016 there were 50,000 coal miners in the US.[1] Their average annual pay is $29K.[2] We could give each of them one million dollars, invested and
by DennisP 6y ago
At the end of 2016 there were 50,000 coal miners in the US.[1] Their average annual pay is $29K.[2] We could give each of them one million dollars, invested and paying out 3% annually, and the $50B it costs would be a drop in the bucket compared to the economic benefit of eliminating those carbon emissions.
In fact, it would even be cheaper than the healthcare costs of pollution from coal plants, which amounts to $187 billion in the U.S.[3] And in Appalachia, healthcare costs from coal production are $75B annually, so we'd come out ahead there too, which would be a double benefit for the miners since they'd be both richer and healthier.
[1] https://en.wikipedia.org/wiki/Coal_mining_in_the_United_States#Coal_mining_employment https://en.wikipedia.org/wiki/Coal_mining_in_the_United_Stat...
[2] https://www.glassdoor.com/Salaries/coal-miner-salary-SRCH_KO0,10.htm https://www.glassdoor.com/Salaries/coal-miner-salary-SRCH_KO...
[3] https://e360.yale.edu/digest/coal-costs-us-half-trillion-annually-in-hidden-costs-study-says https://e360.yale.edu/digest/coal-costs-us-half-trillion-ann...
- entropicdrifter 6y agoYeah, but that's a logical, pragmatic solution that actually looks at the cost-benefit from a scientifically informed perspective. Most (or at least half) of America would hate it.