Pedaling ten hours a day on a stationary bike, each person can generate 1 kWh. Investing $1 million in bicycle generators and paying people the going rate for the energy they create, we could create 1,610 jobs.He suggests that we can create more farm jobs by banning tractors.
There is another benefit: these are not part time jobs. These are full-time jobs for an entire year, unlike many of the temporary jobs often included in “green” jobs calculations.
Think of all the jobs we’d create for farm workers!
But back to the pedal generators:
Of course, the cost of farm products would rise dramatically, making it more difficult to buy food, especially for low-income families. But do we want to create jobs or not?!
If you’ve done the math by now, you may have figured out that I am paying my green-energy producing bike riders only 10 cents a day – the average rate for generating one kWh of electricity in America. So, let’s pay them $10 a hour. The cost per kWh would rise from 10 cents to $1,000. This might make it more difficult for manufacturers to buy the electricity, but it hardly seems fair to demand our bike riders earn less than a living wage, and wealthy investors like Warren Buffet can certainly afford to pay a bit more for electricity.Read more HERE