With phrases like “better safe than sorry” and “look before you leap,” it’s clear that concerns about risk are a part of our psyche. Unfortunately, when we take those clichés to heart, we often end up plagued by another: “Out of the frying pan and into the fire.”
I am often asked to opine about whether automation will destroy all jobs. Yes, we talk about tractors, which brought farm employment from something like 70% in the US at the beginning of the 20th century to about 3% today... about cars, which put horse drivers out of business. And about trains, which put the canal boats out of business.
As President Trump recently announced efforts to revive nuclear energy, the Hoover Institution Press released Keeping the Lights on at America’s Nuclear Power Plants, which examines nuclear power plant closures in America during a period of economic instability and fundamental policy challenges.