←back to thread

100 points robtherobber | 2 comments | | HN request time: 0.43s | source
Show context
mc32 ◴[] No.45675831[source]
If Covid conditions had gone on longer, decades, then output would have gone down, the treasury from which subsidies and government checks came from would have dried up. Even bullshit jobs add to GDP. Even socialist and communists had bullshit jobs to keep people busy.

That said, the jobs I’d consider non essential are things like advertising, lifestyle, gambling/gsming and the sort. They add to the economy but I’d rather not have them.

replies(5): >>45676113 #>>45676319 #>>45676539 #>>45679537 #>>45680580 #
immibis ◴[] No.45679537[source]
The fact that bullshit jobs add to GDP should perhaps be taken as proof that GDP is also bullshit.

Here's another point in favour: jobs only add to GDP when they're jobs. When your parent cooks dinner at home, GDP doesn't increase. But when both parents work and then spend (for the sake of argument) one of their entire salaries on buying restaurant food, GDP increases by that much, even though the whole thing is now less efficient.

replies(1): >>45680493 #
1. mc32 ◴[] No.45680493[source]
With GDP and taxation, the restaurant gets taxed. People making their food at home or raking their yard instead of a landscaper don’t get taxed for that work. If they did that’d get thrown into GDP.

I’m happy they haven’t thought of taxing our at home domestic product.

replies(1): >>45681502 #
2. R_D_Olivaw ◴[] No.45681502[source]
They don't get taxed because they don't get paid for it.

ill tell you right now, if washing my dishes and raking my yard was taxed, that would mean I'm getting paid for that work. Which is much better than the current system where it's actually *costing* me time, money, and energy.