Saving global fish stocks would cost 20 million jobs

Posted on May 18, 2010 at 11:32 AM

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A recent report from the UN EP, the United Nation's environment branch, indicates that some 20 million people and 13 million boats would need to be taken out of the fishing industry to preserve fish stocks from catastrophic and irreparable collapse.

This would undoubtedly shake this industry to its core and end it in many countries where fishing has already been on shaky ground. But surely an industry that is worth US$85billion globally but needs US$27billion of subsidies to survive will have to recognise and accept this. It seems pretty clear - no fish=no industry=no jobs. Still, it would be an incredibly bitter pill for the globe to swallow.