Re:Crises of Elite Competition in the East and West
by jollybean on Monday November 29, 2021 @11:45PM
(#29389062)
"the most productive"
Productivity is really mostly a measure of value capture.
So when we say 'productive' we can just mean 'rich people in specific companies hoarding profits and income' and then assume that this is 'productive' by the more common definition.
The problem is that those areas may not quite be more 'productive' per say, but that there's a power imbalance.
I believe that actually they are more productive, but the White Collar workers are playing on a global scale, but the plumber can still only work on a local scale.
It probably would require a 'multi pronged' solution of tweaking taxes, services, building more homes, upping the interest rate, getting companies to spread out a bit etc..
Productivity is really mostly a measure of value capture.
So when we say 'productive' we can just mean 'rich people in specific companies hoarding profits and income' and then assume that this is 'productive' by the more common definition.
The problem is that those areas may not quite be more 'productive' per say, but that there's a power imbalance.
I believe that actually they are more productive, but the White Collar workers are playing on a global scale, but the plumber can still only work on a local scale.
It probably would require a 'multi pronged' solution of tweaking taxes, services, building more homes, upping the interest rate, getting companies to spread out a bit etc..