Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Slagle who wrote (68168)	8/27/2005 4:04:38 PM
From: Moominoid	Read Replies (2) of 74559

"flatter curve" You are apparently mean improvements in labor productivity due to automation and I agree that there have been great improvements there, though even there there are limits due to the "learning curve" effect. Actually I mean total factor productivity, but that is a big part of the explanation for labor productivity growth. That is not what I mean. I am making reference to the sheer amount of feedstocks, energy, and naturally derived materials that we use. That IS rising and at a faster rate that world population growth.<i/> Yes I agree, the amount of material per $ GDP is declining but not fast enough to reduce the overall scale of "throughput". Lot of this stuff you hear today is pure hype. Take the "hydrogen economy". Just where in the hell is the basic input, the hydrogen itself, going to come from? I had a hard time convincing one of my students who was doing a PhD in business that hydrogen was just a possible way of storing energy. She was convinced it could be extracted from the environment and was a source of energy... That doesn't wash any more so they are reduced to hyping "cyberspace". I agree, all the evidence shows that the service sector is very resource intensive too and though $ per unit of resources has increased over time and continues to, throughput will also keep increasing unless either something is done about it policy wise or resource prices choke off demand...

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