Since we live in a world of scarcity, there would alway be work to do.
The only reason why people don't have jobs is that resource are not reallocated yet, or worse, something is preventing the reallocation of resource.
Since we live in a world of scarcity, there would alway be work to do.
The only reason why people don't have jobs is that resource are not reallocated yet, or worse, something is preventing the reallocation of resource.
There were ~1.7 Billion people on the planet in 1900. Are there only ~1.7 Billion jobs to go around for the ~6-7 Billion people on the planet today?
Wealth is created from industry, which creates jobs to build that wealth. We do not live in a world of scarcity -- scarcity is imposed by nonsense such as a command economy's forced reallocation of resources.
Try to understand what Kiba means, even if it is a big simplification. He probably agree with the rest of what you say.
Jobs are created by wealth. They are not a constant bestowed through the universe by fate.
We don't live in a world of scarcity. Scarcity is created by artificial constraints imposed by those who believe wealth (and society's employment) is a fixed quantity to be allocated by a central force of some sort.
"I'd have plenty if only those who have much more than me would give up their fair share." That's idiocy.
Because we live in a world of scarcity(limited number of t-shirt, computers, cars, yacht, etc), there is alway enough jobs to go around barring government regulation and attempt at central planning as well fluxes in the general economy.
You also got your economic relationship wrong. Jobs are not created by wealth. Jobs create wealth.(No, digging up holes and filling it in doesn't count nor do I believe that an object's value is defined by how much work is done.)
I don't know where you got the idea that I believed that wealth is fixed and that we need central planning to work. Quite the opposite, really. I believe that the free market system has created unprecendented wealth that men in the last 200, 100, 50, and 10 years ago never imagine.
I'd say the statement "Jobs are not created, only reallocated." did that. Whatever your beliefs and intended context, your statement is completely incorrect.
You are describing things backwards: Jobs do not create wealth -- individuals seeking wealth create jobs.
Individual 'A' hires individuals 'B through n' to realize their vision to build wealth. Jobs do not spawn themselves spontaneously and seek out individual 'A' to bestow upon them the wealth generated by the working individuals 'B through n'.
There's an interesting book full of interviews on the subject: ``Why Wages Don't Fall During a Recession'' by Truman F. Bewley. It used to be that managers rather fired a some employees instead of letting them work for less money.
See http://cowles.econ.yale.edu/news/bewley/tfb_00-02_wages.htm for a copy of the book's review in the Economist.
Lately we have seen wages fall, so that this rigidity might be on the way out.