Bullsh*t Jobs (user search)
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May 07, 2024, 05:59:25 PM
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Poll
Question: Have you had a "bullsh*t job?"
#1
Yes
 
#2
No
 
#3
No, and I've never had a job
 
#4
I'm not sure
 
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Partisan results

Total Voters: 37

Author Topic: Bullsh*t Jobs  (Read 960 times)
Aurelius
Cody
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Posts: 4,163
United States


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E: 3.35, S: 0.35

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« on: June 30, 2022, 05:58:13 PM »

On the contrary, automation has redirected labor towards more productive sectors of the economy.  Real GDP has tripled since 1980, even though the population has only grown 50% in the same time period.

Unless you're a Marxist, there's no reason wage growth should mirror productivity growth.  Productivity gains are being realized in other forms of income/wealth.    

The opposite, actually. It's Baumol's cost disease. Consider 100 years ago a violinist in an orchestra and a guy turning screws at a factory. Some other guy invents the power drill, allowing the factory guy to turn screws 4x as fast. If his wages increase 4x to match his productivity, then most of the violinists will quit their jobs to turn screws at a factory and quadruple their wages. So as a result, much of the productivity increase goes toward higher pay for workers in less productive sectors of the economy, so they don't all quit their jobs to chase higher wages in more productive sectors.

This is the core reason why everything involving actual humans is so damn expensive nowadays. It's why you can buy a giant wall-to-wall TV for a few hundred bucks, but daycare is so expensive that it's sometimes cheaper for one parent to just stay home. Today's violinist is a day care worker. The factory worker is a software engineer, or a coal miner in Wyoming (as opposed to WV).
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