If you add the hordes of bank administrators, health administrators, consultants, Pharma administrators, google, Apple etc in these huge high rises…I would say most of the US jobs are “bull-shit” jobs to keep the sheeple thinking they are achieving the American dream. Granted, wait-staff, construction, surgeons, Amazon packers etc are doing real work.
European disease hits the USA
The US is suffering from the European disease: almost all jobs are being created in the government sector, new parasitic jobs that have to be paid for by the active population. Of the 221,000 newly offered jobs created last month, 179,000 were government jobs. This is the road to socialism, the road to national bankruptcy, the death of free enterprise productivity. This is the last shot President Biden's failed administration can fire, having already run down the Strategic Petroleum Reserve as far as it could to manipulate oil prices downward.
#USA #JobMarket #Socialism #Biden https://nostrcheck.me/media/863f2c555276e9ed738933b0efee6b021042f16e1529dd755704885b87fee183/2f036fa617338adcfc1743007e004103aa82bcb161eab8498c69420677890722.webp
Discussion
Good thing would be privatize anything and let Mr. Market decide
💯, but you need signals. Scarcity of money is key. A fixed frame of reference to see what works and what doesn’t. For example, companies like Boeing and frankly Tesla etc wouldn’t exist anymore. Instead end of ultimately printing trillions of dollars to bail them out, under a #Bitcoin standard, investors would have chosen to put their money into the things with the highest return. And we’d be maybe flying around in drones, instead of 1940s jets and being stuck in traffic. Because under a Bitcoin standard there consequences for bad investments.