Wednesday, October 16, 2013

The Temp Economy, why America lost

Every once in a while I see friends talking about working two or three jobs, and over 40 hours a week to make their ends meet. Some people will say this is showing that they are strong and will do anything they have to, and that it is a good thing.

I disagree. A developed country shouldn't require someone working a job that doesn't deal with living organisms like microbiology or agriculture to pull hours that are irregular or over 40 hours a week. Microbiology and agriculture are different because bacteria don't wait for your shift to be at the point you need to do the infection, and no agricultural society works in the middle of the day, they take a break from 11 to 3 because it is too hot to work, and instead work from 7-11 in the morning and 3-7 at night because it is far more efficient and you won't exhaust yourself. If you are working in customer service in any developed society you should be able to work 40 hours a week and have enough to live and a little left over. This means you will be more efficient, you will have enough to spend on non-essentials, and some to save for rainy day and retirement. You will be more valuable to the economy as a consumer than as a wage slave. When people who have the potential to be professionals are forced by their situation to take jobs below their possibility their overall value added to the national economy is diminished, and at a large scale I predict this is having a large toll on Ameica's GDP growth.

Assume ten million people are working under capacity at an average of $50,000 a year and this is a $500 billion decrease to our GDP every year, or Nobody wins.

Hopefully we will transition back to a job where people will have real careers and our economy can improve.

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