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That's nice virtue signalling, but at what point would finance's share of US GDP be alarming to you? Should 1 in 10 people really be working to allocate resourc
by wallace_f 7y ago
That's nice virtue signalling, but at what point would finance's share of US GDP be alarming to you? Should 1 in 10 people really be working to allocate resources?
In another industry, healthcare, people complain passionately about the costs but never about the fact that while technology, efficiencies have improved there has been a 100-fold increase in the number of healthcare administrators per capita. A lot of our economy is just shuffling people and money around -- not actually efficiently allocating resources to produce useful goods and services--oh about that abnormal growth in the people who are supposed to be responsible for that?
- perfunctory 7y agoThe finance's share of US GDP, as well as the number of BS administrative jobs, IS alarming to me. I am not sure how my comment implied otherwise.