The job creation potential of highly profitable aerial podcars has been evaluated, including from reinvestment, manufacturing and as a remedy for jobs wasted by congestion and slow trips, as shown in the graph.
Governments provide jobs for their mates, so jobs quoted are generally construction jobs. Jobs lost through congestion, slow trips, and even the increased congestion by the construction works are rarely quoted. Justification of business cases occurs after a decision to proceed, and in the light of fares covering only 22% of public transport costs, no PT project has likely been proven profitable. Because PT requires subsidies, it represents jobs foregone. Just like any other business, if it makes a profit, more staff can be employed, and the greatest source for job creation is the enormous profits expected from aerial podcars.
Jobs in manufacturing, particularly in the car industry, have been lost overseas, due to policy failure. It is essential to have efficiency in industry, such that can be obtained by enough competition, but that is invalid if it is based on slave labour rates, or on failure to equip or train staff, or on subsidies. Good policy should acquire training and investment, as well as competition. There is an opportunity to invest in higher technology for transport. Jobs are created by manufacturing, construction and operation of transport, and by reinvesting transport profits. The much lauded construction jobs are a very small portion of the real jobs picture, and they are probably dwarfed by the jobs wasted by the congestion that they cause.
Requirements: To create jobs: transport must be a local industry; skilled; profitable; and 80% of traffic must be attracted out of cars. The benchmark is to remove job-wasting congestion from roads and overloading from public transport; and to acquire a high technology, high quality transport industry that is 4 times faster than cars and 6 times faster than public transport, and generates revenue, creating one million more jobs. Not only can we create local podcar and guide-way manufacturing industries, but we can fund more schools, hospitals, rural jobs, rural transport, and reliability for urban transport. Good policy will create local investment and skills, as well as competition.