You content is highly under rated imo. People who embark on the journey of education in order to obtain knowledge someone will hopefully pay for in the future don't understand that the demand and supply of one's skills and knowledge is what determines the reward, not how difficult or arduous the job is. The demand and supply dynamics has changed so much due to technological advances and global development on almost all fronts. The change in demand favours now entertainment and media influencing industry(those who sell courses 😂)
At the end of the day supply and demand is the rule. And in a knowledge economy, the most valuable thing you can demand and then supply... is knowledge.
If not the jobs program, then we would need to have another way of transferring money to the from the few owners of productive resources to the majority. Otherwise we would have dystopian inequality instead of the Keynesian 15 hour work weeks. UBI is a solution, but it is politically difficulty and it is hard to overcome path dependency.
You content is highly under rated imo. People who embark on the journey of education in order to obtain knowledge someone will hopefully pay for in the future don't understand that the demand and supply of one's skills and knowledge is what determines the reward, not how difficult or arduous the job is. The demand and supply dynamics has changed so much due to technological advances and global development on almost all fronts. The change in demand favours now entertainment and media influencing industry(those who sell courses 😂)
100% true.
At the end of the day supply and demand is the rule. And in a knowledge economy, the most valuable thing you can demand and then supply... is knowledge.
Exactly
Great article, I think many of us share these observations, even if we work in such jobs. This also rhymes with Parkinson's law :) https://en.wikipedia.org/wiki/Parkinson%27s_law
If not the jobs program, then we would need to have another way of transferring money to the from the few owners of productive resources to the majority. Otherwise we would have dystopian inequality instead of the Keynesian 15 hour work weeks. UBI is a solution, but it is politically difficulty and it is hard to overcome path dependency.