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Monday, August 31, 2009

By The Numbers: 71,500

Today's number is 71,500.

That's the minimum number of Pennsylvania jobs that would be lost if the Waxman-Markey bill, better known as Cap-and-Trade, is passed by the Senate. The House already approved the bill and President Obama said he would sign it if passes both chambers of Congress.

The 71,500 estimate comes from the National Association of Manufacturers, which commissioned a study to look at the impact of the Waxman-Markey bill in each state. The job loss number could go as high as 97,500 in Pennsylvania.

More from the study:
Higher energy prices would have ripple impacts on prices throughout the economy and would impose a financial cost on households. Pennsylvania would see disposable household income reduced by $148 to $285 per year by 2020 and $926 to $1,507 by 2030.
The study concluded that bill would cots 2.4 million jobs across the United States.

To review the complete study, visit the National Association of Manufacturers Web site, http://www.nam.org/

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