Prof. Dr. Friedrich Schmidt-Bleek (Factor 10 Institute)
'labour is too expensive when considering its contribution to productivity whereas energy is – relatively speaking – under-priced. Under such conditions it is entirely rational when jobs are being eliminated, in particular because the expenditures for the social security system depend almost entirely on labour.
The labour market becomes de-coupled from growth with the consequence of decreasing tax revenues while social expenditures rise at the same time. It is thus necessary to adjust the optimal input of natural resources for wealth creation.
The economically rational mix for the input of labour, capital and material/energy must be shifted toward more work while reducing the input of natural resources.’
From: Friedrich Schmidt-Bleek (2004) Approaching and measuring sustainability. Factor 10 Institute.