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View Diary: Sunday Train: Unleashing the Political Power of Bio-Coal (128 comments)

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  •  Can someone explain points 1 and 2 to me? (0+ / 0-)

    The term "export base employment" eludes me. Does this mean that the employment is based on export of the result of the employment?

    Am I correct that the idea of point two is that while the coal is mined locally, what is done with the coal, making steel, for instance, is done elsewhere and the coal mining community gets no share of that added value?

    If I'm right on those two points, can someone restate them in terms that would be easier to explain to folks who don't get "export base employment" and "added value"?

    And if I'm not right, can someone restate them in terms that I might get?

    •  Yes, export base employment ... (0+ / 0-)

      ... is employment based on sales out of the local area.

      Point two is not focused on what is done with the coal, its focused on the fact that most of the money raised by selling the coal immediate leaves the region to the owners of the coal companies, and secondarily to the manufacturers of coal mining equipment, and only a relatively small fraction remains in the local community in the form of wages.

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      by BruceMcF on Mon Sep 30, 2013 at 01:11:45 PM PDT

      [ Parent ]

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