Re:What happened when I opened a restaurant in Portland
by sampo on Tuesday October 10, 2017 @03:40AM
(#15440029)
> If everybody is a PhD computer scientist, who raises babies while they are at work?
In Nordic Countries that would be the daycare/kindergarten (that usually accept 1+ years old kids) teachers, who have an MSc in Education or a community college or vocational school degree. This way also both parents can go to work.
Re:What happened when I opened a restaurant in Portland
by jezclaremurugan on Tuesday October 10, 2017 @05:30AM
(#15440500)
If everyone is a PhD computer scientist - then the wages of babysitting will rise to the true value of that service, and a babysitter will earn as much as a computer scientist. Currently due to abundance of availability of low skill resources - their wages don't depend on the value of the service and instead on their willingness to work for whatever amount to get the job, but once the resource scarcity becomes inverted their wages will be tied to the value.
Re:What happened when I opened a restaurant in Portland
by mozumder on Tuesday October 10, 2017 @05:33AM
(#15440518)
Great. Since everything costs as much as a high-skilled computer scientist, no one can afford anything.
We're now back to limiting the economy because we don't have enough low-skilled workers. People are now forced to work suboptimal jobs for their skillset, and our economy stagnates because we're now fixing broken windows we broke.
Re:What happened when I opened a restaurant in Portland
by junkcollector on Tuesday October 10, 2017 @11:06AM
(#15442399)
Child care at least has an intrinsic value that will create wage equilibrium because it directly frees up someone else's time for high value labor. It should track closely to the income of the people you are serving, and it mostly does even in the US. This is ignoring the educational and social benefits that good childcare services can create which act as a future labor multiplier.
Re:What happened when I opened a restaurant in Portland
by notfromhere on Tuesday October 10, 2017 @10:33AM
(#15442095)
I'm guessing you wont be part of the servant class
It's absolutely necessary. We are being harmed economically because we don't have enough of an unskilled servant class.
Right now, women can't effectively work a job if they have a baby. You can see a situation where every household could have one servant, just to allow a woman to work - never mind all the other segments of the economy that could use low-skilled servant class. This may total to about 30-40% of the population.
Meanwhile, only about 10% of the US population doesn't graduate high school. So, where are we expected to gather the rest of our unskilled labor force?
We need to import this class of labor because America can't provide it, and we need to provide basic human services for this class of labor as well - health care, retirement, etc..
Inequality serves a useful function in any economy. When everybody is a high-skill worker, economies breaks.
If everybody is a PhD computer scientist, who raises babies while they are at work?