I have been doing what I do to earn my keep for the past 23 years. Before that, since age 14, I went to school and did labor-intensive jobs. This blog is my personal bitching-post about the macro, and the tone is perforce negative. Personally however, I still manage to string some victories together, like those few shots out of 18 holes that keep you coming back to golf. That's life.
Thanks be to God, I have a comfortable existence, good health and the love of good people. I also have appalling stress levels and can only watch numbly as the world marches from idiocy to idiocy. (Exhibit A.) I cannot believe, at the tender age of 50, how much error and shortsightedness is mechanically repeated, over and over. My esteemed father, age 70, assures me that nothing changes in two decades' lead time.
There are a lot of us of my ideological stripe and time in life from the tail end of the Boom, and I hope we all hang on for the next few decades. I have been at several funerals of those who did not. Anyway, al-hamdal'Allah, I have managed to carve out a position a little above the fray of naïve youngsters brought in and told to work harder for that brass ring which is kept perennially dangling out there, and devil take the hindmost.
Obviously, a business can't carry sloth, and God has commanded His creatures to work. (Note that this is not part of the Woman's curse.) This implies a duty on employers to make that work dignified and remunerative. Otherwise, it is probably not work that a human being should be doing.
Resources should instead flow toward more capital-intensive models.
To put it another way, if the marginal product is so low that the producer can't pay more than the cost to keep somebody alive, with the difference to be made up by the taxpayers, then the employer needs to change his business model, or go out of business.
Of course, if I'm so smart, I should be implementing these models and raking it in.