4 ms·
This is a symptom of David Graeber's phrase of "bullshit jobs". Capitalism and the government work together to create unnecessary work (often through regulation
by zanny 9y ago
This is a symptom of David Graeber's phrase of "bullshit jobs". Capitalism and the government work together to create unnecessary work (often through regulation and oversight and middle management stuffing) to maintain "safe" employment levels to keep the economic system working. If we were only hiring people to do productive things, and considering we saw a 75% productivity increase between 1975 and 2005 with all the bullshit jobs, while domain-specific productivity figures hit the 300% or higher ranges, you could maintain the same GDP at 40%+ unemployment. The only problem being the country would collapse with that much unemployment, so the private and public sectors respond by fabricating things to do that don't actually create goods or services.
- HillaryBriss 9y agoIsn't this simply "fiscal stimulus?" I mean, the federal government is supposed to create jobs by spending money. Doesn't matter what they spend the money on. The only acceptable way to measure economic output is in terms of the dollar value of all the goods and services bought and sold. It could consist of marijuana farming, muscle car paint jobs, bass fishing lures, watery beer, custom gun barrels, cow-brain sandwiches and East European strippers. Doesn't matter. We can't go around imposing our value-based notions of "bullshit jobs" on top of that measurable dollar amount. That wouldn't be economics.