29 Dec 2021 3:54 pm
If by productive work you mean the product of the work is worth less than the labor to produce it then yes. For the most part all work has SOME value. It just might not be worth my time. I could always be doing something else worth more to me. Even if that is just leisure around my pool. But it might also be more beneficial for me to learn how to do heart surgery. What is limited is the value of what I work to produce versus the cost in my effort to produce it. Always work to be done, it is up to me to decide what work SHOULD best be done if any.
If I already have everything I want provided to me by whatever means and I decide the most valuable thing to me I could do is relax in leisure that is what I will and should do.
My time on this Earth is limited as are my skills. I must decide how best to use these limited resources for my benefit as I perceive it to be. But the list of possible work I could attempt is limitless. The point is, when someone states unemployment is high because there are no jobs available really has no basis. What unemployment really means is no work is available which is worth the effort, paycheck, and buying power it would result in.