Skip to Content

Where the jobs will be: Obama's green energy economy and you

More
Text SizeAAA

Filed under: Extracurriculars, Reduce, Reuse, Recycle, Technology, Career, Recession, Investing

One of the most poignant lines in Max Ehrmann's Desiderata is the advice that one should "Keep interested in your own career, however humble; it is a real possession in the changing fortunes of time."

While the past few years have made that advice seem old-fashioned, the recent economic downturn has breathed new life into it. All of a sudden, people without jobs are waxing rhapsodic about the jobs they used to have, and people who are still employed are realizing just how lucky they are.

While it is probably too early to discuss the American economy's path to recovery, it never hurts to consider which industries are most likely to be hiring in the coming months. One major influence might be Barack Obama's much-vaunted plan for an alternative-energy economy. By stimulating growth in a variety of sectors, the alternative energy economy could, effectively, be a blueprint for the up-and-coming job market.

While Obama has yet to release many specifics on this plan, the co-chairman of the Obama/Biden transition team, John Podesta, may provide a clue. In his day job, Podesta runs the Center for American Progress (CAP), a liberal think tank. CAP has already drafted a green-energy stimulus plan; with several programs that are ready to go, it would create two million jobs and would cost a relatively meager $50 billion. Given Podesta's proximity to the Presidency, it seems likely that at least part of it will become reality within the next year.

Green Autos: Obama has made it very clear that he intends to directly tie any automotive bailout to the development of green technologies. CAP's plan calls for a 4% per year increase in fuel-efficiency standards, as well as investment in new battery technology for plug-in hybrids. Automakers that are poised to go forth with fuel-efficient models and companies that deal in battery technology seem like good bets. Moreover, CAP's "Cash for Clunkers" program could easily lead to a wide variety of both blue-collar and white-collar jobs.

Green Building: CAP has proposed a green-infrastructure fund for retrofitting existing public buildings to make them more efficient; furthermore, its "Weatherization Assistance Program" would help homeowners improve their energy consumption profiles. Combined with tax credits for companies that make energy conservation products (like insulation and double-pane windows), this promises a major boost to the construction and home-improvement industries. As hard as it may be to imagine right now, home-improvement and construction industries could actually be hiring in a few months. It would also worthwhile to consider less-prominent companies in products ranging from renewable flooring to energy-efficient lighting, that are poised to emerge.

Large-Scale Transportation and Energy Infrastructure: From the plans for a "smart" electric grid to wind and solar farms to vast mass-transit projects, the CAP has called for massive investment in the kinds of large-scale public works programs that are potential game-changers. From bus and rolling stock manufacturers to alternative energy companies like Cleantech America and Coskata, the future looks bright for jobs across the skill spectrum.

Bruce Watson is a freelance writer, blogger, and all-around cheapskate. He's already thinking about a job as a green pundit. It doesn't hurt that his skin has a slightly olive shade.
Subscribe to Walletpop

Reader Comments (Page 1 of 1)

Margarine or Butter: Which is Healthier?
Which is healthier? Margarine or butter? Liquid margarine is a healthier option, but if truth be ...
Ensuring a Safe Manicure and Pedicure
Millions of women (and a few men) visit nail salons regularly to have their nails done. ...

Kelly Phillips Erb
Kelly Phillips Erb Filed under: Tax, Technology, Taxes-income-tax-basics, Taxes-advice

E-filing tips that should save time, if not money

If the trend in e-filing continues, the IRS expects more than 100 million individual taxpayers to file their tax returns electronically for the 2009 tax year. More than one-third of those taxpayers ...
Kelly Phillips Erb
Kelly Phillips Erb Filed under: Tax, Taxes-income-tax-basics, Taxes-advice

IRS' e-file program gaining users

Chances are, you filed your federal taxes electronically this year. According to the IRS, about two out of every three individual taxpayers elected to e-file in 2009, up almost 6% from returns ...
Amy Pyle
Amy Pyle Filed under: Banks, Budgets, Debt, Real Estate, Recession, Mortgages, Refinancing

Faces of loan modification: Kathy Partak, Auburn, Calif.

How well is the government's loan modification working? WalletPop's four-part special report continues with profiles of some of those trying to get help. To read the overview, click here. Kathy ...
Barbara Bartlein
Barbara Bartlein Filed under: Budgets, Home, Real Estate, Buyer Beware

Extreme home makeover, Part III: Falling victim to project creep

This is the third part of a five-part series about how the writer and her husband, Charlie, tackled a major overhaul of their home and the pitfalls they faced along the way. To read the first ...

Headlines from WalletPop Partners