There's been a lot of talk about unemployment and trying to stimulate the economy, but what if the jobs don't come back, i know guys in the auto industry who are working 5 days a week as part of a smaller workforce and the companies seem to be thriving, before, they were working 7 days a week, over producing with too many employees and the companies imploded.
i think leaner and more profitable is definitely how industry seems to be going.
If the new economy means less jobs for less people what do we do with the unemployed.
The jobs wont come back
It's all about the resources.
There is an old journalistic maxim whch states that in order to get to the heart of a story, you should follow the money. This maxim, however, is not really axiomatic but derivative, in that money is really a way of tracking resources. In particular, energy. If you want to know the heart of the problems facing the world today, follow the energy.
"Money" is the final, abstract representation of the exchange value of all of the resources used by man. Inflating the money supply, as our governments have done, will not make the growing resource crisis and consequent economic losses go away. It will, however, dictate who picks up the tab for those losses.
This is not a credit crisis. This is not even an economic crisis, primarily (though each of these are consequences), Both of the above are symptoms
of what is, fundamentally, a resource
crisis. As the supply of resources dimminishes so too, in the end, must the ultimate, abstract representation of those resources. Namely the supply of "money". Or, at least, if not its supply, then certainly it's value.
The majority of humanity is going to get a lot poorer. The only debate left is whether it is a poverty of empty pockets or ones that bulge with pieces of worthless paper.