Its like the minimum wage debate, people against it say that it costs jobs and the people for it point to the studies which show no immediate short term job losses. The people against the minimum wage need to understand that in the short term it does have largely no effect, and focus on its long term effects. Why doesn't it have much short term effect?
Well, businesses are typically run as efficiently as possible. This means you have the least amount of labour for the output you can make. Increasing wages slightly might make your marginal product lower and decrease your equilibrium output, but only slightly and so typically it is going to be best to absorb the costs and maintain output. Also, most bosses would rather not sack people, and so employers tend to not replace people who leave rather than forcing people to leave. This is a more long term process, and so doesn't show up in short term studies.
Minimum wages also further increase the incentive for a business to replace labour with capital (ie technology). This is just common sense, if you make labour more expensive then you make technology relatively cheaper, which is going to cost long jobs. So why don't we see short term job cuts? Simple, again common sense tells you that it takes time to implement and develop technology that can replace these unskilled workers.
So basically, Peter, you would be better of if you stopped talking about the short term inflation which just really isn't there to any extent that might be deemed worrying, and focusing on the long term effects which are much more scary. It is just basic common sense that if you make more money available and that money does nothing to improve output then you increase prices in the long run. The only way out of that is to reduce the monetary supply by upping rates which as we all know the world simply cannot handle the way it is structured now.
I think Peter has perhaps rightly lost credibility for his talk of inflation being high now. The message that inflation is actually the increase in the money supply and that this will cause problems eventually (or rather, its causing the problem now, we just wont get the side effects until later) is obviously correct, but you open it up to attack by coupling it with the claim that inflation is extreme currently, which is just isn't.
For example, if the trees canopies were at ground level then they would be subject to predation by any and every herbivore. One of the selective advantages of being tall is undoubtedly being safe from ground dwelling predators.
There is also the issue of pollination of flowers and spreading of seeds. Different trees have different methods of pollination and spreading of seeds. Insects, bats and birds are commonly used for pollination while some trees use fruit, simple nuts or wind born seeds to spread their seeds. If all trees were short then it is difficult to see how trees which use wind to spread their seeds could flourish. There of obvious other issues for other methods as well, bug clearly it would not benefit all trees equally.
There is also the issue of climate to consider. Fire would be a devastating occurrence in short forest, as all of the highly combustible material (leaves) would be basically surrounding the trunk. This would lead to fires so hot that trees would find it difficult to survive. With the heat right at ground level, it would make it more difficult for seeds to survive a fire as well.
Flooding would be potentially similarly destructive as well, being tall undoubtedly has advantages in areas that flood constantly. Drought may be just as bad, trees which store water in their trunks would only be able to store small amounts in short trunks and so may not be able to survive a prolonged dry period.
Being at ground level would also lead to competition from other types of plants. Grasses, shrubs and the like would be able to compete with trees for water, space and sunlight. Having a tall forest canopy means that only trees can play the forest game. Vines are a common occurrence in forests, but they would be much more common in short forests and thanks to their fast growing nature may be able to completely strangle and crowd out ground level trees within a short space of time.
What about the issue of uneven land? Would a tree whose seed was unlucky enough to fall in a gully be obliged to remain the same height as the tree on the top of the hill? You might say this is fair, but the tree in the gully will have more water it can use to grow taller than the trees higher on the slope, so it is at an indirect disadvantage under this system by being forced to forego the use of resources available to it.
I could go on, but I think that'll do it for now.
- Queensland University of TechnologyBusiness Degree - Finance, 2013 - present
- Griffith UniversityPhotonics & Nanoscience, 2011 - 2012
- Wellington Point SHSHigh School, 2006 - 2010
- Coolnwynpin SSPrimary School, 1999 - 2005
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