Good example for my point that only manufacture creates wealth.
If the trades work for a manufacturer they create wealth: a new >$X house is created out of <$x worth of cost.
If the trades do repair work for a consumer then NO wealth is created. In that case the present wealth is only preserved or allocated more efficiently.
Which is a fine thing! The homeowner or landlord can spend or invest that saved wealth on something ‘better’ instead but no new wealth was created.
(if the job is an improvement for a sale then the ‘consumer’ is ‘manufacturing’, good for him.)
If an economy doesn’t create new wealth it’s growth is very difficult.
Efficiencies free up the wealth to ‘do’ more, but efficiency is always limited.
Really? You mean they give him the materials and work for free?
Yeah? And when they completely build a house as I was implying?