provides evidence for some loss in productivity in locations with greater snowfall. By using Solar Roadways, this deterrent to go into the office would be resolved and the loss of productivity due to snow and ice somewhat reduced. there are many positives associated with Solar Roadways snow removal, there are also negative consequences. If Solar Roadways eliminates the need for snow removal, it also eliminates the job of removing the snow and of producing equipment and products to do so. The labor force employed injects cash into the economy. At a high level, the more laborers with wages, the more discretionary income they have to spend. This can help contribute to growth in other areas of the economy. With Solar Roadways’ technology, it eliminates seasonal jobs and reduces demand for products such as snowplows and salt. This would have some negative affect on the local employment and producing sectors. While the implementation of solar roadways would generate a new line of specialized laborers, when speaking specifically about snow removal and not the larger installation of solar roadways, there would be a reduction rather than addition of jobs (especially for lower waged, less skilled laborers). Economic Implication #2 Accidents – When considering economic implications related to the accidents and their repercussions are common, oftentimes expensive, externality costs. Weather can contribute greatly to the number and severity of car accidents. The costs related to accidents can be multifaceted, from clean up crews, hospital injury coverage, and insurance. year, 24 “Each percent of weather-related vehicle crashes occur on snowy, slushy or icy pavement and 15 percent happen during snowfall or sleet. Over 1,300 people are killed and more than 116,800 people are injured in vehicle crashes on snowy, slushy or icy pavement annually. Every year,
provides evidence for some loss in productivity in locations with greater snowfall. By using Solar Roadways, this deterrent to go into the office would be resolved and the loss of productivity due to snow and ice somewhat reduced. there are many positives associated with Solar Roadways snow removal, there are also negative consequences. If Solar Roadways eliminates the need for snow removal, it also eliminates the job of removing the snow and of producing equipment and products to do so. The labor force employed injects cash into the economy. At a high level, the more laborers with wages, the more discretionary income they have to spend. This can help contribute to growth in other areas of the economy. With Solar Roadways’ technology, it eliminates seasonal jobs and reduces demand for products such as snowplows and salt. This would have some negative affect on the local employment and producing sectors. While the implementation of solar roadways would generate a new line of specialized laborers, when speaking specifically about snow removal and not the larger installation of solar roadways, there would be a reduction rather than addition of jobs (especially for lower waged, less skilled laborers). Economic Implication #2 – Accidents When considering economic implications related to the accidents and their repercussions are common, oftentimes expensive, externality costs. Weather can contribute greatly to the number and severity of car accidents. The costs related to accidents can be multifaceted, from clean up crews, hospital injury coverage, and insurance. “Each year, 24 percent of weather-related vehicle crashes occur on snowy, slushy or icy pavement and 15 percent happen during snowfall or sleet. Over 1,300 people are killed and more than 116,800 people are injured in vehicle crashes on snowy, slushy or icy pavement annually. Every year,
Team27-Paper.docx