alt Hacker NewsMost western jobs are higher up the value chain, although it might not feel like it a software engineer or finance bro generates more value than a manufacturer or farmer.
Most western jobs are higher up the value chain, although it might not feel like it a software engineer or finance bro generates more value than a manufacturer or farmer.
More specifically, they generate value for people who are already relatively rich (often vastly so), and a consequence of declining marginal utility—which applies to money the same as any good— is that the it takes less actual utility value when you do that to produce any given amount of monetary value.