Reply To: Physics Nobel to Big Bangers

[Rezwan]

Brian H wrote: The “job loss ratio” is only for government funded jobs; the money for them sucks investment out of more productive private uses.
And there is no “big picture” worry about FF causing job losses; the economic explosion of activity that cheaper power will enable will create them out of thin air, in far greater numbers than any displacement losses. Consult a good modeling economist on this if you don’t believe me. Just tell him to plug in a sudden source of energy at 1/20 current prices.

It is the nature of jobs to disappear, no matter what. Even private finance jobs.

What’s the Matter With Wall Street?
There are too many traders, bankers and salesmen to support the new level of business. Thanks to Dodd-Frank, the shrinking of finance will continue.

Of course more people will come on line economically, but this overall trend of decreasing jobs to people ratio will continue.