Jobs that either don’t contribute in any meaningful way or jobs where one would be better off if they were paid to be on call.
Jobs that either don’t contribute in any meaningful way or jobs where one would be better off if they were paid to be on call.
not exactly what you’re asking, but banks and insurance companies are the majority of what I call “the beaurocracy of money”. they don’t produce anything of value, and are basically just a sinkhole for labour.
Administration in general. There are so many jobs in (public and private) administration whose entire job is, to fill out forms or write reports, that nobody will ever read.
The same is true for countless middlemanager positions. It’s not a full-time job to manage 10 employees who are not directly working with you. No idea how this is called in other countries, but in Germany we call it Matrixorganisation, and it’s often as absurd as it sounds.
Do you believe in unfettered free markets? Those jobs are very often to implement compliance to restrictions in the markets.
Huh? I can go almost anywhere in the world and wave my phone at a register and take whatever I want home. Without a bank Id have to carry a lot of everywhere.
No. No you wouldn’t. We don’t need banks to implement the concept of currency in a society and you’re myopic for not understanding that but instead pretending to be some sort of authority on the matter.
🙄 uh huh. I prefer a currency backed by something with some longevity and not petted by grifters who keep getting arrested for fraud over and over again, or hacked and cleaned out with little to no recourse.
Regardless, banks aren’t “worthless” at all.
I hate capitalism as much as the next lemming but banks and insurance companies, at their base level, definitely provides a service. Banks help you spread the cost of things over time at the expense of interest, and insurance companies do something similar with risk.
Its only when they do warped shit like lend money at zero interest or force consumers to pay for insurance (thereby negating the need to be competitive) that they start to leech off the system.