Sung Won Sohn, an economics professor at California State University, Channel Islands, believes upgrading electric grids and finding new sources of power will provide steady job growth — but won't be an economic powder keg.
Clean energy projects could simply replace old jobs and functions, like meter-readers. And there's no guarantee new jobs won't shift to countries with cheaper labor.
Some innovations take longer to reveal their economic effects. There are big booms based on specific
innovations — along the lines of railroads, automobiles and the Internet — and then there are technologies that grow slowly, spawning offshoot industries for entrepreneurs to exploit over decades.
For example, the emergence of the integrated circuit led to the development of computer microprocessors, which enabled the PC revolution and in turn the Internet age. There's every reason to believe energy
technology will fall into the same category, Brown says, but he adds: "It depends on how the bets actually play out."
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