The Forum > Article Comments > The $6 million social worker > Comments
The $6 million social worker : Comments
By Walt Brasch, published 29/1/2009What if workers were paid for benefits to society?
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We humans are not a very appreciative lot: Most wealth comes from the knowledge of science, the practice of engineering and the teaching of children.
How sad that scientists, teachers and engineers are some of the most maligned professions today!
The financial situation now should provide a hint of what is going wrong. Banks that produce *nothing* were making billions in profit. (Until the taxpayer bailed them out. 25 years of profits paid for by taxes! So much for corporate efficiency!) Where did the wealth come from? The US financial markets were syphoning wealth to the US financial system, where instead of being invested it was spent on consumption.
We have a *major* failure in price signals in the labour market! It is essentially insane.
I smiled at the last bit....dream on.