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Friday, March 29, 2024

Why Garbagemen Should Earn More Than Bankers

Courtesy of ZeroHedge. View original post here.

Submitted by Mike Krieger via Liberty Blitzkrieg blog,

Of course our world is in shambles. The best salaries are paid to the people whose professions add the least value to society.

Why Garbagemen Should Earn More Than Bankers by @rcbregman https://t.co/9R9v57pZWg pic.twitter.com/xPlyVRnoBA

— Evonomics (@EvonomicsMag) September 28, 2016

I know, I know. Lots of people are capable of being garbagemen, but not everyone has the skills to be a parasitic financial criminal.

I agree.

*  *  *

…Imagine, for instance, that all of Washington’s 100,000 lobbyists were to go on strike tomorrow. Or that every tax accountant in Manhattan decided to stay home. It seems unlikely the mayor would announce a state of emergency. In fact, it’s unlikely that either of these scenarios would do much damage. A strike by, say, social media consultants, telemarketers, or high-frequency traders might never even make the news at all.

When it comes to garbage collectors, though, it’s different. Any way you look at it, they do a job we can’t do without. And the harsh truth is that an increasing number of people do jobs that we can do just fine without. Were they to suddenly stop working the world wouldn’t get any poorer, uglier, or in any way worse. Take the slick Wall Street traders who line their pockets at the expense of another retirement fund. Take the shrewd lawyers who can draw a corporate lawsuit out until the end of days. Or take the brilliant ad writer who pens the slogan of the year and puts the competition right out of business.

Instead of creating wealth, these jobs mostly just shift it around…

Read the entire article (it is excellent): Why Garbagemen Should Earn More Than Bankers.

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