What is resource sustainability?

What economic models explain 1) instating a living wage as a way to boost the economy, 2) peak oil/water/other necessary resource, and 3) sustainability vs. inflation?

• Please support with charts, graphs, and/or citations if you are able. I think the current economic models I know about are dated.  I would like to understand the following from an economic perspective: http://en.wikipedia.org/wiki/Living_wagehttp://en.wikipedia.org/wiki/Basic_income http://en.wikipedia.org/wiki/Peak_oil / http://en.wikipedia.org/wiki/Peak_water http://en.wikipedia.org/wiki/Sustainability / http://en.wikipedia.org/wiki/Inflation What models and concepts of economics properly describe these phenomena?

• Answer:

  I can answer your question .... but if you want an real answer I need a context to walk you through it, because what will make or break the assumptions necessary. Let me make on point clear, the whole of US will reduce it to an exercise in fiction for the following reasons: 1. The US is too diverse for a living wage on a national scale, the difference in the cost of living in LA or NYC versus Fargo, ND will negate any positive effective you would intend. Understand the underlying effect of a living wage not its intention .... it destroys price competition for wages on the people you want to boost on a local or national scale. For it to have the intended effect you would also have to limit movement of capital from the jurisdiction and create a disincentive for capital improvement or labor cost minimization in response to the price increase of labor .... Anyone who assert otherwise will use data from small non-representative sample like a city or state not in the top 10 in wealth or population  2. Not a real issue, we have the technology in response if scarcity of those resources in this country .... the real issue is their abundance at low prices that is crowding out interest in true innovation or investment in efficiency  .... on a global scale is more of a local problem for people who don't have the resource for any real solutions 3. Inflation .... another non issue, the world currency market are locked in 20-30 years, this is not to ignore short term spikes in response to blackswans. On a global scale currency is relative thing so ask yourself this, since the US dollars dominates the market, as dysfunctional as we are right now ... who on any realistic horizon could possible unseat us? The Euro had a chance but they are too divided, so did the Yen during the 80's, China is structurally a nightmare and everyone knows it. Not saying its impossible, but you will see it coming ....