The modern phenomenon of nonsense jobs

[regexcellent]

You're good people Sava, even if you are a LIEberal Demonrat

[pchang]

The market IS the collective voice of all its participants (weighted by relative wealth). Are CEO's worth millions of dollars a year? Well, they can move stocks in the short term and make traders millions of dollars a year, so yes, CEOs are worth millions of dollars a year. Why is this a recent phenomenon? Because modern trading technologies have allowed traders to make much more off the short term movements of large, heavily traded companies than in the past.

[AAAAAAAAH!]

I don't need to know why CEOs are worth more now to know that they are. If people are paying them more IPSO FACTO they are worth more. It is NOT necessarily easy to identify why, although it probably has to do with management being comparatively more valuable as organizations become more complex.

The market is just not wrong about this stuff, or at a minimum, it is less wrong than you are.

Have organizations gotten more complex in the last 50 or so years?

[KrazyHorse]

Yes.

[Kidlicious]

There are more workers who don't actually do anything "productive," but they increase the competitiveness of the firm.

[AAAAAAAAH!]

There are more workers who don't actually do anything "productive," but they increase the competitiveness of the firm.

What, marketing?

[Kidlicious]

What, marketing?

Yes. Not all the jobs are in marketing depts but it's really all marketing.

[Ben Kenobi]

How is marketing not a productive activity? Finding and delivering clients is crucial to any enterprise. Businesses with poor marketing are less productive than ones with excellent marketing.

[Egbert]

The author of this article seems to be operating under at least one obviously wrong assumption which is that labor (or anything actually) has intrinsic value.

haha this guy is so ****ing dumb every sentence is like looking at a fractal of idiocy.

Air has no intrinsic value.

Please test this hypothesis by ceasing to breathe for a couple of weeks.

Please get back to us to let us know how that went.

[Kidlicious]

How is marketing not a productive activity? Finding and delivering clients is crucial to any enterprise. Businesses with poor marketing are less productive than ones with excellent marketing.

Ideally a product or service would be cheaper without all the administrative costs that we see today, but then we don't live in an ideal world. Firms have to be competitive to survive.

[Al B. Sure!]

Air has no intrinsic value.

Please test this hypothesis by ceasing to breathe for a couple of weeks.

Please get back to us to let us know how that went.

That is what bothers me when debating Christians. They think there is a 'truth' and that intrinsic value exists.

[AAAAAAAAH!]

How is marketing not a productive activity? Finding and delivering clients is crucial to any enterprise. Businesses with poor marketing are less productive than ones with excellent marketing.

If Coca Cola and Pepsi are battling over market share it's not necessarily a productive enterprise. For smaller companies with products that aren't already well known, marketing certainly is productive.

[Kidlicious]

That is what bothers me when debating Christians. They think there is a 'truth' and that intrinsic value exists.

Christians should be more bothered debating you, if you don't believe anything has any real value.

[C0ckney]

I don't need to know why CEOs are worth more now to know that they are. If people are paying them more IPSO FACTO they are worth more. It is NOT necessarily easy to identify why, although it probably has to do with management being comparatively more valuable as organizations become more complex.

The market is just not wrong about this stuff, or at a minimum, it is less wrong than you are.

your lack of thought, curiosity and imagination is comical, yet at the same time depressing.

[regexcellent]

Air has no intrinsic value.

Please test this hypothesis by ceasing to breathe for a couple of weeks.

Please get back to us to let us know how that went.

Correct, air has no intrinsic value. Which is why it costs less than gold.

It's really, really ****ing weird how much people **** up the theory of value considering it's literally the first thing taught about economics in grade school. The entire theory of supply and demand depends on value being extrinsic.