by johnmarkos » Tue 05 Apr 2005, 13:00:16
$this->bbcode_second_pass_quote('bart', '
')People will find a place in the informal economy, just as in 3rd World countries with high unemployment. People (especially women) will garden to make sure their families have healthy food and to earn some extra cash. Factories that have been closed may be taken over and run by groups of workers, just as in Argentina.
Also, as energy inputs decrease, a constant number of workers could use a declining quantity of energy. So you may not need to lay people off to lower the industrial energy footprint.
In an industrial realm, energy conservation means producing the same
economic output while lowering energy consumption. That means that the factory does the same amount of work and produces the same value of goods while using less energy.
In a declining energy world, there are two paths that do not require fewer workers.
1. Productivity declines along with available energy. Declining energy corresponds to a constant number of workers.
2. Productivity does not decline but conservation lowers energy consumption. Again, declining energy corresponds to a constant number of workers.