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Tuesday, April 04, 2017

No Country For Old Men

"It's a mess, ain't it, Sheriff?"

"If it ain't, it'll do 'til the real mess gets here."


The Washington Post
The entire coal industry employs fewer people than Arby’s

Flanked by cabinet members and coal miners, President Trump introduced and signed an executive order on March 28, that revokes Obama-era climate regulations and puts "an end to the war on coal,” he said. (The White House)

“My action today is the latest in a series of steps to create American jobs and to grow American wealth,” President Trump said earlier this week before a group of coal miners.

Trump was announcing the rollback of several Obama-era environmental regulations that would have affected industries such as coal mining. Trump has repeatedly claimed that over-regulation has led to a decline in coal-industry jobs.

“I made them this promise,” Trump said at the signing. “We will put our miners back to work.”

Experts in the industry have already pointed out, repeatedly, that the coal jobs are extremely unlikely to come back. The plight of the coal industry is more a function of changing energy markets and increased demand for natural gas than anything else.

Another largely overlooked point about coal jobs is that there just aren't that many of them relative to other industries. There are various estimates of coal-sector employment, but according to the Census Bureau's County Business Patterns program, which allows for detailed comparisons with many other industries, the coal industry employed 76,572 people in 2014, the latest year for which data is available.

That number includes not just miners but also office workers, sales staff and all of the other individuals who work at coal-mining companies...

...Looking at the level of individual businesses, the coal industry in 2014 (76,572) employed about as many as Whole Foods (72,650), and fewer workers than Arby's (close to 80,000), Dollar General (105,000) or J.C. Penney (114,000). The country's largest private employer, Walmart (2.2 million employees) provides roughly 28 times as many jobs as coal...

Pretty cool fine-tuning for a guy who can't take the time to develop a policy.


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