Tag Archives: production

Economy of Thought

Hi boys and girls. Hang on to your wallets and your valuables because I’m your friend and mine, The Economy!

When I get bigger everyone is happy. When I shrink everyone is sad. But what am I?

On so-called “Cyber Monday” yesterday internet purchases were up 27% from the year before. This is because consumers have higher confidence in me. Feels good! Yes, I need that sort of validation. I get off on you getting off on me.

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Going into Labor Day

I need the life version of an epidural because I am decidedly suffering from intense labor pains.

For most Americans (at least those not in the burgeoning service industry) Labor Day is traditionally recognized as a day of respite from toil. That means a lot of Americans get the day off. For some, the day represents the unofficial end of summer. For others it represents the start of something new, like the NFL season.

For others, however, the day is just like any other. A lot of people with service industry jobs will still be out there working. That’s probably a lot of people since these days the service sector accounts for the majority of American jobs. Less and less we actually make stuff in the good ol’ USA and more and more we are all out servicing each other. So to speak.

Personally I look forward to the day when we all work from home and no one ever goes anywhere. All the cities will be ghost towns and our highways will be empty. It’ll be a dream come true. Of course there will be no water, food, clothing, electricity, housing, toilet paper and other essentials like electronics unless they are imported, presumably by some sort of transporter technology. All the truck drivers will be working service jobs, too.

Speaking of dreams, yours truly decidedly does not have one when it comes to Labor Day. I’ll merely be experiencing additional labor pains as I schlep my useless carcass down to my dead-end job. Technically I’m not in the “service sector” as my job is theoretically technical. But in practice the technical duties I perform are the smallest slice of the pie chart that represents my day. Bigger slices on that graph are consumed by providing “customer service” on the phone (since it is imperative that every call be answered even if only by a miserable idiot like me who can only respond “I don’t know” all day long) and retail sales on the floor.

My wife has Labor Day off but I won’t be spending the day with her. For her sake I hope she has a backup lover to keep her occupied.

If you want the real history of Labor Day, check out Wikipedia. I just did and learned a few new things. If you are like me and working at a job you hate tomorrow, consider it a temporary distraction from your misery.

For me, Labor Day seems like a good time as any to consider my current situation in life. I’ll just go ahead and keep those ponderings to myself. I won’t bore you with the details but suffice it to say it’s not good.

Today’s Los Angeles Times brings us a bit of interesting news: Some economists are now predicting that even if our economy bounces back the unemployment rate is not expected to do the same. They are saying it might be years or even decades before our labor market recovers after (hopefully) our economy rebounds.

One thing seems certain: As less of us have jobs and unemployment benefits dry up, there is going be a shortage of another valuable resource that is sometimes a wee bit beneficial to economies. Consumers with disposable money are a fairly vital ingredient to keeping other people in jobs making stuff and providing services. As less of us are able to spend I personally look forward to seeing what might happen. It should be a lot of fun. I’m stocking up on popcorn.

In the meantime it looks like there just might be a lot more boot licking in my future. But that’s all in a day’s work when one finds himself In the service of the King.