Indeed! Nothing is more noble than taking raw materials and turning them into finished goods. I don't know why our schools can't teach that.
Funny thing happened to me one day -- I found out that a Dean of Engineering of a local University and his wife -- both educated with higher degrees -- were uncomfortable with the word "profit"! They treated it like a dirty word? I wonder how they thought they got their bread and butter (and all their fancy hobbies -- motorcycles, horses, etc) if it didn't come from the PROFIT earned by the taxpayers???
That's HILARIOUS.
I once had a co-worker (and this was a smart guy in most respects) tell me that he thought it was wrong that shareholders in a company should receive dividends. It was like they made money for contributing nothing, he said.
I worked very hard to disabuse him of the notion of a profit-free economy, and I'm not sure I ever did really succeed.
It's all political. For some reason, the left-wing dominated academia in this country doesn't think very much of manufacturing. They think it's dirty and vulgar. I think most of the interest being generated in these fields is from the Discovery Channel and History Channel, with Myth Busters, Dirty Jobs, Modern Marvels, and Monster Garage type fare.
The dean of my graduate program enjoyed telling stories of how he and his fellow radicals used to look down upon the business school and others that focused on money.
In other words, he hated successful people.
.>>Dean of Engineering of a local University and his wife — both educated with higher degrees — were uncomfortable with the word “profit”
will it be a dirty word when they want to sell their house and retire? maybe they should sell it for what they bought it then they won’t have to dirty their hands with any profit. maybe they could give the house away and go live in a cave.
i wonder if they have a 401k?