FatherOfTwo wrote:Unemployement will almost certainly rise significantly, but it isn't like most of those people can't be retrained. Given the current levels of debt, I'm sure most will be plenty motivated to get retrained. Given our current over reliance on oil and the need to build out new infrastructure and switch energy usage patterns, there will likely be a great number of jobs that need filling.MonteQuest wrote:No they don't, but how high would unemployment need to go to stop the waste in our use of energy? How much would real wages need to drop? Or, how far would the overall standard of living need to decline?skyemoor wrote: Addicts don't NEED heroin, and people don't need to waste as much oil as we are now wasting.
Retrained to consume what? The energy you just saved?
See, this is the paradox of eliminating waste to reduce consumption. It doesn't matter how the energy is used if you don't have enough of it.
If you cut out the waste, then the displaced workers must be absorbed by the remaining work force, but not at the same wages. If 10 people are making $10 an hour, now 20 people will make $5.
They are re-employed but at a lower standard of living. Why? Because you must prohibit a return of the consumption you just reduced. It doesn't matter whether the energy is wasted or not, it provides employment.
You cut out the waste, you must lower the standard of living to prevent the energy you saved from being re-consumed. Remember, we are looking for a net reduction, not a transfer from one use to another.