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Originally Posted by flstf
It seems to me that a country's wealth must be generated from something other than performing services for each other.
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What else is there? We typically separate "goods and services" but isn't a "good" actually something that is of "service" to someone?
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We can't all make a good living by delivering each other pizzas, giving each other massages, selling junk on eBay, or stocking WalMart stores, etc..
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What is happening is that the "man" hours needed to produce something like a ton of steel has been greatly reduced, just like we went through a reduction in the "man hours needed to produce a bushel of corn. Society benefits by productivity gains, it frees up "man" hours to serve man-kind in other ways. This is a good thing. What is wrong with fewer farmers and more artists? Or, fewer steel workers and more masseuses?
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Transisting from manufacturing to service jobs may be a race to the bottom.
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No, it is a race to the top. We can be a nation that owns capital or we can be capital. Education is the key, a nation with the highest educated population will be a nation that owns capital, others will be employed. We need to shift the way we look at this stuff. Stop wanting a "job", want "ownership".