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Comment by felix318

4 years ago

You can create a job whose only function is to increase your cost and consequently allow you to charge more for your product or service. It doesn’t work if you do it on your own, but it does work if you can get the government to force your competitors to do it too.

If you pay close attention, you will find that most government regulations that affect whole industries are actually the result of lobbying by the industries themselves. This is clearly visible in finance but it happens for almost any industry where there are powerful players.

No one wants to increase their productivity without a corresponding increase in revenue - this includes corporations as well as individuals. Bullshit jobs need to be created to maintain high prices in face of constant downward pressure.