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A comment on The world needs at least 600M new jobs in the next decade for young people. Parent comment

Re:The world needs at least 600M new jobs in the next decade... by nickbauman on Tuesday October 13, 2015 @06:58PM (#10384039)
Peter Norvig's Economics Simulation is informative in this case. Without forced redistribution, most OECD nations will become 3rd world eventually. It's a mathematical certainty. Even with forced redistribution, the rich still get and stay rich.

http://nbviewer.ipython.org/url/norvig.com/ipython/Economics...

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Re:The world needs at least 600M new jobs in the next decade... by xrange on Tuesday October 13, 2015 @10:46PM (#10384722)
Am I missing something? It seems like all those transactions are merely exchanges, and no wealth has actually been created (i.e. new ipads, hepatitis treatments, Taylor Swift concert tickets, food grown, etc.).
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Re:The world needs at least 600M new jobs in the next decade... by nickbauman on Wednesday October 14, 2015 @01:45PM (#10388124)
Norvig uses the term level of wealth to describe what's being exchanged. I think that covers wealth being created (or destroyed, which, y'know, also happens, eh?)
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