by Doly » Mon 02 Oct 2006, 04:13:59
$this->bbcode_second_pass_quote('MonteQuest', '
')If you cut the jobs because you don't have the energy, where does the energy come from to remploy them?
Monte, tying energy to jobs is simplistic. In fact, if we have less energy, it could be argued that there will be plenty more jobs, because things that were before machine-made before will have to be made by people again. Remember that during industrialization people thought machines were taking away their jobs?
When the economy crashes, I would expect unemployment in the short term, but in the longer term, I would expect everybody's hands to be full of work.
$this->bbcode_second_pass_quote('gego', '
')This is why I think if you look at the expansion of the economy as a result of energy over the previous centuries, you cannot assume that things will unwind in a smooth fashion by comparison. On the way up there was excess energy to facilitate the transition to new technology. On the way down there will be a shortage of energy to transition to alternative ways of doing things, most all of which will be less productive themselves. Simply, when the economy starts its long term contraction, it will shrink much more quickly than it expanded, disasterously so.
I've been thinking about this same issue longer and harder than most people here, and the only answer I can offer is: economists have never given a thought of the place that energy plays in the economy, they don't even think that energy has any particular importance, and nobody has the slightest clue of what could happen in a contracting energy scenario.
There are good reasons to think the economy would contract as a result, but how, when, and how fast is simply impossible to guess.
')If you look at this doubling/halving idea and apply it to human population levels I think the implications are down right scary. What happens when the cause/effect between energy and population maybe gives us a population decline rate of somewhere in the 5% range.