/biz/ - Business & Finance

>>52879044
Okay sir, I guess I’ll get back to work then.

>>50054357
He doesn't get it.
Clearly he's a very intelligent investor, but he doesn't understand that many jobs including most office jobs are SUPPOSED to be pointless.
Capitalists' prerogative is to raise their profits. One can do that by increasing revenues or by reducing costs. The major cost in most industries is labour. There are many ways of reducing labour costs, e.g. by automation or by moving jobs to lower-income countries where wages are lower, but the overall effect is that a lower proportion of total revenue in a company goes to its workers. This creates a new problem: if the working class (I'm defining working class as those whose income depends on their labour instead of ownership of capital) who make up the majority of people in society, are forever getting poorer then who is going to be able to afford to paid the goods and services that companies produce?
The solution thus far has been to create new jobs where old jobs were lost. These jobs are often stupid, pointless bureaucratic roles that do basically nothing. Of course those office admin jobs are redundant and could be eliminated: their redundancy is the point. These jobs are a version of universal basic income which require going to an office building and pretending to work for 40 hours a week.
I've worked pointless office jobs, I bothered to do probably about an hour of work a day, and yet my managers praised my work ethic. These jobs won't be eliminated because they can't be. Capitalism /needs/ these jobs, or no one would be able to afford the commodities capitalism produces.