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You ignore the article's point about the risk of choosing a proffession. For example, what's the return on investment for the worker that trained to be a profes
by guelo 12y ago
You ignore the article's point about the risk of choosing a proffession. For example, what's the return on investment for the worker that trained to be a professional car welder in Detroit? I don't know if "-100%" captures the loss.
- aragot 12y agoThere are many more choices for the capital worker. They have to judge every transaction they make. For example they ought to check whether the companies they invest in are diligent about back-ups, because that's a cause for losing the whole investment. They have to choose whether they'd rather invest in start-ups or grown companies, and if in startups, they have to gather enough info that the startup has good chances of succeeding. In your example, it sounds like we take the job and location as a constant. If they guy can't choose a profession that has good chances of surviving throughout the years, he'd be really bad as an investor.
- dkfmn 12y agoThis is an apples to oranges comparison. You're bringing up losing a job and comparing it to losing an investment. In this case the investment is gone, and the FUTURE earnings of the worker from that specific job are gone. The worker already received compensation for past work. However, there is a point to be made about how the loss of livelihood, or a reduced standard of living can be devastating. It's just not the same economically.
- guelo 12y agoYou're discounting the time it takes to learn the skill. That training is worthless to the worker now. It's an investment that is gone.