Earlier quoted context omitted.
> Pay attention to how much you spend next time you call a plumber. Anecdotal, but the average quote I got for electricians in the bay area was $200/hour. This is also consistent for electricians in the wealthy suburbs of Chicago (just had a friend recently get work done at that price). I recently paid $2k to get a transmission done, of which $1700 was labor alone (took 3 days). Point is - these trades are no joke wh…
Where did that $2k come from? While it's nice there is some way to redistribute wealth in this way, unfortunately service sector jobs don't create wealth: you can not have a city solely of repairmen and realtors. Less skilled factory work would generate wealth, but unfortunately those are the exact jobs that left.
Repairmen very directly create wealth by adding value to the thing they repair, equivalent to a craft trade or construction. Realtors create wealth indirectly by increasing/facilitating trade, trade creates wealth.