User:Mzeleny/sandbox

÷≥

Jobs, Jobs, Jobs
==TEsting or Transformation?== While crisis shall end, transformation will go on Unemployment shall not rebound in the US Economy is an organism, not machine

The triggers that induce the catharsis of a crisis are often the same triggers that also launch qualitative d different levels of existence.

Where the jobs are… The arena of employment and jobs, especially in the US, provides clues to transformational qualities of current global crisis. This crisis is intertwined with a transformation and so it displays untypical dynamics and presents new challenges to conventional economic thought and business practice.

Sometimes the clue comes from uninformed and unlearned circles, from new and powerful intuitions rather than from well-reasoned, but old and und (due to the reigning stage of sectoral evolution): food and manufactured goods are most expensive, while services remain relatively cheap. In developed countries, chicken, bread, computers and cars are getting cheaper, while insurance, health care and education costs are skyrocketing without adequate quality, productivity or availability improvements.

Rational economic agents tend towards substituting relatively cheap and capital-intensive manufactured goods for relatively expensive and labor-intensive services. Consumers will use goods instead of services wherever economical and possible. So we observe the emergence of automated teller machines instead of bank tellers, self- and contrivances. We shall have to acknowledge that biology and psychology provide appropriate tools, rather than physics and engineering. We will have to replace calculus and differential equations by rules-based simulation and computer-scenario playing. We shall have to rely more on the wisdom of the organism than on the wisdom of governments. We will have to create new theories, write new textbooks and establish new universities. We will have to move from macroeconomics of aggregate numbers towards microeconomics of decision-making human agents as the center of our economic endeavors.