Re:Productivity has fallen, and experts are puzzled. I’m not...
by MichaelCollins on Friday November 04, 2022 @06:23PM
(#33474746)
Trip over a sufficiently shiny rock and you'll discover that it has value (to some people) even though you put no labor into it.
Re:Productivity has fallen, and experts are puzzled. I’m not...
by recursivedoubts on Saturday November 05, 2022 @10:20AM
(#33481717)
yes, a very small amount of readily available (labor free) raw material has value to some people
but most raw material requires applied labor to become valuable: at the very least transportation to them
Sit and stare at a rock and you have created no new value.
Labor can also destroy value, for example when a building is destroyed in a riot, or when a rock is pushed up a hill to a location that makes it less valuable.