“This column contains everything there is to know about economics. Beginning in 1850 through to today, a period in Economics that seems to be covered quite well by “The Theory of Increasing Uselessness”
“This column contains everything there is to know about economics. Beginning in 1850 through to today, a period in Economics that seems to be covered quite well by “The Theory of Increasing Uselessness”
“They are simply unnecessary. There is nothing for them to do. So they don’t do anything.”
No, they are an important part of our degenerate political system. Their votes are exchanged for bribes. This allows their oppressors to remain in power.
The workers here have not been made useless, their jobs here have been rendered unprofitable by regulations and unions. The author ignores the many millions who are working in China and India and never wonders why the jobs the people are doing over there used to be done, better, by people here.
If we are getting increasingly more people here who are useless and unnecessary, then why do we have immigration, particularly from China and India?
Well that was uplifting.
We need to make people want things that have not yet been invented.
Like iPhone 10s.
Only problem is that we forgot how to manufacture them. (or anything else)
Labor has always been a commodity. The worth has been determined by the value added by labor. The Ford production line drove labor’s value skyward but automation is now reducing it.
Last I looked at a ant hill I did not see any ants idling their time away in useless endeavors that contributed nothing to the ‘hill’. The same cannot be said for the human equivalent.
Consider that we have about two and half billion new entries into the global economy. We have the ability to over produce and that is what we are doing. When there is too much for sale and a world where few people have any disposable income thanks to tax slavery and incompetent governments and of course … thieving bankers at all levels … we have a new world where there is too much stuff and not enough buyers.
What do you think will happen next ….. yes … lots of it ….
Hmmm,
This is a complete lift from Fred on Everything… even down to the Philip Stanley link at the bottom where Fred writes about one Dr. Stanley who screwed up is eye surgery.
http://www.fredoneverything.net/Fredbraith.shtml
Cheers
“we have a new world where there is too much stuff and not enough buyers.”
General Motors had a solution for the “too much stuff” problem.
They invented a concept called ‘planned obsolescence’.
Giving away jobs to illegal aliens act of treason Obama the Traitor
Definitely ‘lifted.’
Oz … that was a great idea fifty years ago when there wasn’t much to buy but cars and furniture …. now we have digital plethora of goods and services and much less disposable income unless you consider credit cards part of disposal income. There are limits to how much stuff people can afford and it’s much bigger than what people actually need. So … the great consumer society based on continual growth has outgrown it’s pants and there is a huge muffin top forming that is bursting and few see it.
What is next is the planned obsolescence of human beings … many obsolete workers … who will never have a decent job again. The problem is … what do do with them.
World wide war is coming and it’s about economics …..
ofaycat, I mostly agree with you. Except that I don’t think GM’s ‘planned obsolescence’ was ever a good thing.
“There are limits to how much stuff people can afford and it’s much bigger than what people actually need.”
I agree. I hate debt. I’ve been debt free for a decade now, not even a mortgage, but everyone else I know lives permanently in the red and it doesn’t bother them in the least. It would drive me insane to buy things before I could outright pay for them. Not a problem with them.
The only things I’ve ever purchased on credit were my first house and my first new car. Everything else, I saved up for first before the purchase. I buy almost everything by credit card now and I pay the whole balance as soon as the bill comes in. I like to use their money, and it helps me to track my buying patterns. Plus, because my bank is Alberta Treasury Branch and I’ve got my private company banking located there, I get huge amounts of rebates a couple of times a year.
As I said above, the jobs are still around, they’ve just moved them offshore and given them to foreigners mostly in India and China. Additionally, they bring huge schwacks of Indians and Chinese here, to take the jobs that still exist here. Why are they doing that, if it’s true that the legacy Canadians and Americans are becoming a ‘useless’ class because they have no jobs?
One…….just one EMP explosion will set us back a hundred years or so and we can all rejoice in the need for manual labor again. At least the 30 or 40% that survive the first year. Look to Iran for the salvation of the west. Obama is working on it. Even if that fails there’s always N Korea, China, Pakistan, Russia and so many other countries that know the impact of a first strike, if they can get away with it. Have noticed that lately we have had a distinct lack of civility and the Kumbaya factor seems weak in most countries. Just throwing it out there because 72 virgins or even world domination is nothing to sneer at.
Oz … OK, you have a private company. Would you ever hire anyone that needed to call someone in to re-secure a nut on a bolt on their desk, because they didn’t know how to use a screwdriver?
This is why East Indians and Chinese have jobs … even if it’s white collar.
I’m sorry, could please rephrase that? I don’t understand what your point is.
Sorry Oz. I misunderstood your point.
My point is that a lot of our young people are useless. On the bright side a lot more are becoming useful members of society.