Wednesday, June 9, 2010

icecream shops, salons, etc

"pitz wrote:

This is disturbing, not only for the reasons stated above, but for the entire culture that someone must be 'working' all the time, no matter what, or else they're considered to be a 'loser'.



Some jobs, quite frankly, are a net drain on society, and people shouldn't be 'working' at them at all. For instance, many unemployed people have become at-home stock traders, and 90%+ of the time, those stock traders lose all their money.



For them, sure, for the year or so it takes to blow through their retirement savings, they could be considered to have been 'working'. But in fact, they destroyed quite a bit of their net worth.



Over the past decade, many refugees from the IT and manufacturing workforces, have used their life savings to set up sandwich counters, ice cream parlours, nail salons, and other assorted businesses for which there was little in the way of long-term sustainable demand. In many cases, those people would have been better off sitting on the couch instead. The culture of 'working at all costs' caused that mal-investment.



And don't even get me started on the entire banking/finance industry, the hugest and most wasteful 'mark work' project ever conceived. 90% of what goes on in such organizations is a complete waste of time and resources. It would be better if 90% of the people currently in the financial industry were unemployed, for the economy. "

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