If you read the latest OECD publication, "Employment Outlook 2024: The Net Zero Transition and the Labour Market," you would imagine that the world has not gone through the largest monetary and fiscal stimulus in decades.
The report illustrates the impoverishment of citizens and subtly suggests that achieving the net zero goal will present an even greater challenge.
The report basically tells us that the remaining 80% will face significant challenges.
The largest monetary experiment, combined with an unprecedented level of public debt increase, has left workers poorer.
The OECD report warns that the net zero transition will increase price inflation in essential goods and services as well as generate significant displacement of low-skilled labor.
The net zero plan, which is the ultimate Keynesian top-down government-imposed system, will add scarcity, persistent price inflation, and impoverishment.
The only way to achieve net zero is to let technology flourish, allow free competition and open markets to work their way, and create a transition that benefits the majority with cheaper and cleaner goods and services.
https://mises.org/mises-wire/net-zero-and-keynesian-stimulus-are-making-us-poorer
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