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Why Garbagemen Should Earn More Than Bankers

evonomics.com

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Re: Why Garbagemen Should Earn More Than Bankers

#11
post #8

I wish there was a way to get rid of these bullshit jobs. Also, I wish there was a way to make entertainment business such as singing, acting, and sports much much less profitable.

The problem with entertainement isn't that it's too profitable, it's that the top earner are taking a huge part of the pie while the majority is fighting for crumbs. It's easy to see the few soccer stars making millions by the dozen, but there are way more people playing soccer professionally that are barely getting by.

Re: Why Garbagemen Should Earn More Than Bankers

#13
post #8

I wish there was a way to get rid of these bullshit jobs. Also, I wish there was a way to make entertainment business such as singing, acting, and sports much much less profitable.

Why do you care what someone else is willing to pay for? What is the problem exactly when someone hires a consultant and pays him from his own pocket? You are free to spend your money as you wish.

Re: Why Garbagemen Should Earn More Than Bankers

#14
post #8

I wish there was a way to get rid of these bullshit jobs. Also, I wish there was a way to make entertainment business such as singing, acting, and sports much much less profitable.

> I wish there was a way to get rid of these bullshit jobs.

Bankers? Or garbage removers?

I suspect the first will be around for a while and there are plenty of people working on autonomous garbage removal trucks. The crew on those trucks has gone from 4 to 3 to 2 and now in plenty of cases it is only 1, the driver and a robotic arm to empty the containers into the back of the truck.

That last person is a bigger step than the previous ones but with all the automated driving research going on I don't think it will be long before that last person too will be laid off.

Re: Why Garbagemen Should Earn More Than Bankers

#15
My father told the story once of a secretary who told him "my pay is a disgrace. Even garbage men get paid more than me!" To which my father replied "why don't you quit and get a garbage man job?" And the secretary says "are you kidding? That's a filthy, dirty job!"

Re: Why Garbagemen Should Earn More Than Bankers

#16

> Nearly a century ago, economist John Maynard Keynes famously predicted that we would work fifteen-hour weeks by the year 2030 In 1930, when Keynes predicted the 15 hour work week, the average American earned $1,368/year which is roughly $19,500/year in todays dollars. 19500/52 = $375/week. In 1930, in manufacturing, the average person worked 50.6 hours per week. ( https://eh.net/encyclopedia/hours-of-work-in-u-s-hi…

> If modern Americans were content living at the same level of consumption as their 1930's counterparts...

There are more expenses involved in just getting by now. Mortgages (and I suspect rents) are well above historical price to income ratios. Dual incomes are a necessity for most families. That often means two cars are a necessity. And childcare costs...

I don't have the time to look it up now, but I believe Elizabeth Warren has a well known talk floating around the internet that deals with the issue of debt and how close many American families are to financial disaster. In that talk there's a great breakdown of the shifting nature of expenses.

Re: Why Garbagemen Should Earn More Than Bankers

#17
One of the most important jobs in a hospital, is the cleaner. To help prevent the spread of infections like MRSI, to help keep outbreaks of vomiting virus under control, and help reduce the number of admitted and post procedure patients dying as a direct result of infection acquired in the hospital itself.

And yet, they are treated as the lowest employees there, well, most are not even employees, outsourced three or four levels removed as a cost to be cut to the cheapest provider, damn the consequences.

Society has some warped views sometimes.

Re: Why Garbagemen Should Earn More Than Bankers

#20

One of the most important jobs in a hospital, is the cleaner. To help prevent the spread of infections like MRSI, to help keep outbreaks of vomiting virus under control, and help reduce the number of admitted and post procedure patients dying as a direct result of infection acquired in the hospital itself. And yet, they are treated as the lowest employees there, well, most are not even employees, outsourced three or…

Doctors are also important. And nurses. And the admin team. And the cleaners....
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