Some of my Readership may think this article is a type of Joke, but it may well be one of the most serious elements in Today’s Paper. It is my Estimate that the Economy will need almost 45% of the Retired population to fill necessary economy positions by 2015 in order for the Economy to function at full employment. Almost 75% of this working Retired population will need the added Income by that time, and the exploitation of their Skills could increase Productivity by an excess over 20%. I am currently exploring the Concept of a Retiree outreach program where Retirees would work 25 hrs/Week, where Retirees would draw Minimum Wage, but would be covered by the Employers under their Medical Health coverage; total Wage Cost to Employers hopefully kept below $15/hour.
I tend to disagree with the Energy Experts cited in this article, especially on their call to move against the use of wood and dung for Heating and Cooking. Both fuels classify as Deposit trash, and their usage as fuel eliminates an adverse ecological buildup, while it is the consumption of surface carbon; while any switch to another Energy source is basically burning additional subsurface Carbon deposits. The odorous burning of such fuels destroys incentive to consume more than what is necessary, and the pollutants emitted are natural and easily biodegradable. Their dedication to rapid sequestration of Carbon is laudable, though I believe this sequestration must be tied to an alternative fuel source itself, so that the Economy makes a major shift to reliance on surface Carbon for fuel.
Greg Mankiw led me to this list, myself finding it fascinating that there is Now a Feminist Economics. Here I thought it was just People buying, selling, and trading. I do not want to sound too cynical, because the Piece does raise some good points on the structure of the economy. The Feminists score an important point by reference to the Power relationships innate to economic roles, though I would suggest this applies more widely than the position of women in the Workforce. The Quote written by Folbre may introduce some fallacy to their approach, because altruism has always been noted for its rapid half-life; most noted in the arena of Government intervention in the economy. The stance of the Piece may fail as a Critique of Greg Mankiw, because every Author must move through a wealth of material to granulate a Text which is readable; side issues must shine in the Footnotes or bibliography. lgl