[JasonC]

Everyone profitably employed earns their pay in value they add. Nobody needs your moral approval to add value and they do so in every sort of industry, including those you sneer at. Yes in recessions men who were working in sectors where demand has fallen are not needed in those specific jobs, and in the previous numbers; it adds value to let them go since production can be maintained without them. That is exactly what we have already accomplished in the present recession. They are then free to find work anywhere else doing anything useful, and they always do find such places. Not always at their previous wages, but always. All of the value they produce in their new jobs is net gain, because the output of existing industries is fully maintained without them.

Income is not raised by being in an industry that you approve of or that makes things you can hit with a stick. It is raised by productivity, and productivity is created and maintained by free competitive forces moving men and capital to where it does the most good, and away from legacy roles that no longer contribute anything.

There is nothing wrong with the US economy. It remains productive because it is free. The cycle we always have had and always will have; it makes no difference in the long run. Americans are more productive now than ever, and all the crapstorm moralizing nonsense pretending we are poor or broke is just that, nonsense. Every generation is richer than the last by large amounts and that goes straight on. Nothing happening now, or in the recent past, endangers any of it in the slightest.

[dennisw]

With all due respect you are spouting familiar gibberish. My simple contention is there is not enough real meaningful work to go around. All due to computerization and automation. You will never disprove this. Don’t waste your time
Far better to continue on w your illusions

I would never say such awful inhumane things if we were to go back just 110 years to 1900. All men were needed to labor and were useful

If you went back to 1840 we used slaves because all the labor we needed could not be done by the free men we had. These days it is the opposite. We don’t need slaves and we don’t need 50% of the working age men we have. Their labor is not needed though we still want them to be consumers to rev up our consumer economy

[dennisw]

Americans are more productive now than ever, and all the crapstorm moralizing nonsense pretending we are poor or broke is just that, nonsense. Every generation is richer than the last by large amounts and that goes straight on. Nothing happening now, or in the recent past, endangers any of it in the slightest.
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That productivity is exactly why the labor of so many is no longer needed. Why they are unemployed and will stay so. Productivity is a double edged sword