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A lot of innovation replaces labor input with energy input. So far, we've been replacing jobs that disappear by consuming more raw materials and energy to make
by neutronicus 15y ago
A lot of innovation replaces labor input with energy input. So far, we've been replacing jobs that disappear by consuming more raw materials and energy to make more crap so everyone can have a higher standard of living. If energy/raw materials is the bottleneck instead of labor, all of a sudden the economy is a zero-sum game.
- sorenbs 15y agoNot if the universe is infinite i suppose?
- yxhuvud 15y agoIt would still not be a zero sum game since we could still be (a lot!) more effective in how we use the energy and the resources.
- orangecat 15y agoNope: http://mjperry.blogspot.com/2010/05/2009-most-energy-efficient-economy-in.html http://mjperry.blogspot.com/2010/05/2009-most-energy-efficie.... The amount of energy needed to produce $1 of output keeps falling.