16 May 2023 1:15 am
3. Gee-Dee-Pee
Is Japan a basket case due to a shrinking population + shrinking GDP?
Let's consider: the average Japanese person's standard of living has been stable for roughly 20 years while the average American's standard of living has collapsed since 2008.
I call this the "Higher GDP / Lower Quality of Life" Paradox. By pursuing higher GDP at this point, we are actually introducing a lower quality of life for the vast majority.
How is this possible?
1) Saturated labor markets
We do not have a shortage of low skill blue collar labor.
We do not have a shortage of high skill blue collar labor.
We do not have a shortage of low skill white collar labor.
We do not even have a shortage of high skill white collar labor - they are all grifting in Washington D.C., coming up with the next **** startup app/idea in Silicon Valley, pushing pills at the behest of Big Pharma, or concocting schemes to steal ignorant people's money via "financial engineering" on Wall Street.
Neoliberals love immigration since immigration boosts GDP (all other things equal). Immigration depresses wages due to labor market saturation. Higher GDP / lower standard of living.
2) Saturated business sectors
Let's say in a given city, $5M is spent on Mexican dining for a given year. Just because you add more Mexican restaurants doesn't mean people are going to buy more tacos and fajitas. That $5M representing aggregate demand just gets distributed among a greater number of sellers (restaurants). People are not magically going to empty their wallets on Mexican dining just because more restaurants pop up.
(Apply this same motif to other saturated sectors and you see the true magnitude of this problem)
What about the unsaturated sectors? These have room for new players...but the vast majority of people are not capable of understanding...much less working with technologies e.g. robotics/automation, artificial brain implants, humanoid assistants, self-driving vehicles, whatever.
The average person pushes papers, uses a 20th century machine, or writes emails/attends boring corporate meetings for a living.
3) Overpriced services
In Cuba, a dentist might charge $50 for a dental crown. In the United States, a dentist would charge $1000+.
The dentist in the US is not performing a service that is 20x more valuable. (If anything, the Cuban dentist is better trained)
The price point is simply different.
Spending more money on services (including and especially healthcare) does not mean you have a higher standard of living. It means you've been suckered into a system that acts like a parasite on actual wealth (money you've earned through a lifetime of production/labor).
This reminds me of retarded Boomers who jump with joy at the fact their "housing equity" is going up...not realizing the higher property taxes they have to foot.
Additionally, if they want to "make good use" of that equity, they'd have to sell their house at some point and move to some **** place in the middle of nowhere (otherwise they'd just swap houses at roughly similar/proportional prices, since every other house is appreciating as well).
4) Frivolous/useless/harmful ****
Spending on **** increases GDP.
For instance, a "transgender operation" is easily tens of thousands of dollars. These transgender surgery hospitals are making a killing and they are creating GDP.
The Covid-19 vaccine also "created GDP" as millions of sheep rushed to get injected.
Throw in ESG investing, diversity hires/HR training, "wellness programs" based on pseudoscience, protein powders/shakes, questionable supplements, solar panels (assume unsubsidized), etc.
It doesn't mean your life gets better.
It means you (directly/indirectly) pay for useless, if not harmful, ****.
Coz GEEEEEEE DEEEEEEEE PEEEEEEEE
Is Japan a basket case due to a shrinking population + shrinking GDP?
Let's consider: the average Japanese person's standard of living has been stable for roughly 20 years while the average American's standard of living has collapsed since 2008.
I call this the "Higher GDP / Lower Quality of Life" Paradox. By pursuing higher GDP at this point, we are actually introducing a lower quality of life for the vast majority.
How is this possible?
1) Saturated labor markets
We do not have a shortage of low skill blue collar labor.
We do not have a shortage of high skill blue collar labor.
We do not have a shortage of low skill white collar labor.
We do not even have a shortage of high skill white collar labor - they are all grifting in Washington D.C., coming up with the next **** startup app/idea in Silicon Valley, pushing pills at the behest of Big Pharma, or concocting schemes to steal ignorant people's money via "financial engineering" on Wall Street.
Neoliberals love immigration since immigration boosts GDP (all other things equal). Immigration depresses wages due to labor market saturation. Higher GDP / lower standard of living.
2) Saturated business sectors
Let's say in a given city, $5M is spent on Mexican dining for a given year. Just because you add more Mexican restaurants doesn't mean people are going to buy more tacos and fajitas. That $5M representing aggregate demand just gets distributed among a greater number of sellers (restaurants). People are not magically going to empty their wallets on Mexican dining just because more restaurants pop up.
(Apply this same motif to other saturated sectors and you see the true magnitude of this problem)
What about the unsaturated sectors? These have room for new players...but the vast majority of people are not capable of understanding...much less working with technologies e.g. robotics/automation, artificial brain implants, humanoid assistants, self-driving vehicles, whatever.
The average person pushes papers, uses a 20th century machine, or writes emails/attends boring corporate meetings for a living.
3) Overpriced services
In Cuba, a dentist might charge $50 for a dental crown. In the United States, a dentist would charge $1000+.
The dentist in the US is not performing a service that is 20x more valuable. (If anything, the Cuban dentist is better trained)
The price point is simply different.
Spending more money on services (including and especially healthcare) does not mean you have a higher standard of living. It means you've been suckered into a system that acts like a parasite on actual wealth (money you've earned through a lifetime of production/labor).
This reminds me of retarded Boomers who jump with joy at the fact their "housing equity" is going up...not realizing the higher property taxes they have to foot.
Additionally, if they want to "make good use" of that equity, they'd have to sell their house at some point and move to some **** place in the middle of nowhere (otherwise they'd just swap houses at roughly similar/proportional prices, since every other house is appreciating as well).
4) Frivolous/useless/harmful ****
Spending on **** increases GDP.
For instance, a "transgender operation" is easily tens of thousands of dollars. These transgender surgery hospitals are making a killing and they are creating GDP.
The Covid-19 vaccine also "created GDP" as millions of sheep rushed to get injected.
Throw in ESG investing, diversity hires/HR training, "wellness programs" based on pseudoscience, protein powders/shakes, questionable supplements, solar panels (assume unsubsidized), etc.
It doesn't mean your life gets better.
It means you (directly/indirectly) pay for useless, if not harmful, ****.
Coz GEEEEEEE DEEEEEEEE PEEEEEEEE