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Yeah, the thing that is missing in our paradise of an economy is more social skills. The labor market rewards social skills because the market's buying power i
by 1971genocide 11y ago
Yeah, the thing that is missing in our paradise of an economy is more social skills.
The labor market rewards social skills because the market's buying power is transferred to a handful of people.
If you had a egalitarian market that truly reflected the demand of the ordinary citizen I am sure there would be a huge increase in demand for affordable housing, healthcare, cheaper college and renewable energy.
Not to mention the demand that exists to find immortality - unlike in newton's time we actually have the tools to achieve it.
Its only from the ivory tower at harvard can people see the increase in childhood poverty and homelessness and conclude that "hmm you know what is missing ? some serf to make me laugh !"
- anigbrowl 11y agoI think you're both right and wrong. Those other issues you mention are real problems, but labor is becoming a much less important factor of production in those fields than it used to be. I think the Harvard academics are observing that in a climate of automation and global supply chains, social skills are becoming more valuable because they are hard to engineer a replacement for, which is no longer true of many physical, cognitive, or administrative skills.