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Luke Smith

SUMMARY

Luke Smith discusses the prevalence of “BS jobs” in the modern economy, referencing David Graeber’s book and related ideas.

IDEAS:

  • The modern economy is largely inefficient, with many jobs being unnecessary.
  • Around 70% of work efforts contribute minimally to productivity.
  • Most jobs in big cities and corporations are considered useless or harmful.
  • The “anti-work” movement advocates for reduced work weeks and less soul-crushing jobs.
  • David Graeber’s book “BS Jobs” highlights the phenomenon of meaningless work.
  • Many people admit their jobs do not contribute meaningfully to society.
  • Graeber’s thesis includes four main points about the prevalence and impact of BS jobs.
  • Subcontracting layers in the military exemplify bureaucratic inefficiency.
  • Polls indicate a significant portion of people believe their jobs are meaningless.
  • Private sector jobs can be as inefficient as public sector jobs.
  • The distinction between public and private sectors is often blurred.
  • Inflation and an inefficient monetary system contribute to the prevalence of BS jobs.
  • Harder money, such as gold or Bitcoin, could reduce the need for meaningless jobs.
  • Universal Basic Income (UBI) is proposed as a solution but may exacerbate issues.
  • UBI could lead to increased inflation and economic instability.
  • Inflationary currencies force people to work more due to diminishing savings.
  • The concept of being an “employee” selling time is a modern development.
  • Historical work models focused on task completion rather than hourly labor.
  • Certain jobs, like museum guards, exemplify extreme inefficiency.
  • The pandemic lockdowns highlighted the distinction between essential and non-essential jobs.
  • Many office jobs involve minimal productive work, mostly administrative tasks.
  • UBI proponents argue it provides financial independence, but critics worry about reduced work motivation.
  • Hyper-productive firms can afford to maintain bureaucratic inefficiencies.
  • The solution to BS jobs may lie in cultural shifts and economic reforms.
  • Hard money systems promote saving and reduce the need for constant work.
  • Keynesian economics and fast money contribute to economic inefficiencies.
  • Post-scarcity economics envision a world with abundant resources, reducing the need for work.
  • The current economic system rewards consumption and discourages saving.
  • An economy focused on self-sufficiency would have a lower GDP but be more stable.
  • Theoretical solutions to BS jobs include both UBI and harder money, but their implementations differ.
  • The role of government and monetary policy is crucial in shaping job efficiency.
  • Work culture and societal values influence perceptions of job importance.

INSIGHTS:

  • Many modern jobs are unnecessary, contributing little to productivity.
  • Bureaucratic inefficiency is prevalent in both public and private sectors.
  • Inflationary monetary systems force constant work to maintain value.
  • Historical work models focused on task completion, not hourly labor.
  • UBI might worsen economic issues through increased inflation.
  • Hard money promotes saving and reduces the need for constant work.
  • Post-scarcity economics envision abundant resources, reducing work needs.
  • An economy focused on self-sufficiency would have a lower GDP.
  • Work culture and societal values shape perceptions of job importance.
  • Government and monetary policy are crucial in job efficiency.

QUOTES:

  • “The modern economy is more or less entirely fake.”
  • “Most jobs out there are utter nonsense.”
  • “Huge swaths of people spend their days performing tasks they secretly believe do not need to be performed.”
  • “The moral and spiritual damage that comes from the situation is profound.”
  • “We have this novel idea that you can be this thing called an employee.”
  • “It’s nice that Graeber has brought to the public attention this concept.”
  • “The solution to BS jobs is harder money.”
  • “UBI could lead to increased inflation and economic instability.”
  • “Inflationary currencies force people to work more due to diminishing savings.”
  • “The current economic system rewards consumption and discourages saving.”
  • “An economy focused on self-sufficiency would have a lower GDP.”
  • “Work culture and societal values influence perceptions of job importance.”
  • “Hyper-productive firms can afford to maintain bureaucratic inefficiencies.”
  • “The concept of being an ‘employee’ selling time is a modern development.”
  • “Historical work models focused on task completion rather than hourly labor.”
  • “The pandemic lockdowns highlighted the distinction between essential and non-essential jobs.”
  • “Many office jobs involve minimal productive work, mostly administrative tasks.”
  • “The role of government and monetary policy is crucial in shaping job efficiency.”
  • “Post-scarcity economics envision a world with abundant resources, reducing the need for work.”
  • “Theoretical solutions to BS jobs include both UBI and harder money.”

HABITS:

  • Minimal meal prepping, mainly using a slow cooker for meat.
  • Prioritizing productive tasks and seeking efficiency improvements.
  • Avoiding reliance on inflationary currencies.
  • Saving and investing in harder currencies like gold or Bitcoin.
  • Questioning the necessity and efficiency of tasks at work.
  • Reducing unnecessary consumption and focusing on essential needs.
  • Advocating for work that contributes meaningfully to society.
  • Balancing work and personal life to avoid burnout.
  • Seeking financial independence through prudent saving.
  • Emphasizing self-sufficiency and reducing dependency on external systems.
  • Critically evaluating economic policies and their impact on personal finances.
  • Promoting a work culture that values productivity and meaningful contributions.
  • Avoiding jobs that feel soul-crushing or meaningless.
  • Engaging in continuous learning and improvement.
  • Reflecting on the broader impact of one’s work on society.

FACTS:

  • Around 70% of work efforts contribute minimally to productivity.
  • Most jobs in big cities and corporations are considered useless or harmful.
  • Many people admit their jobs do not contribute meaningfully to society.
  • Polls indicate a significant portion of people believe their jobs are meaningless.
  • Private sector jobs can be as inefficient as public sector jobs.
  • The distinction between public and private sectors is often blurred.
  • Inflationary monetary systems force constant work to maintain value.
  • Historical work models focused on task completion, not hourly labor.
  • The pandemic lockdowns highlighted the distinction between essential and non-essential jobs.
  • Many office jobs involve minimal productive work, mostly administrative tasks.
  • UBI proponents argue it provides financial independence, but critics worry about reduced work motivation.
  • Hyper-productive firms can afford to maintain bureaucratic inefficiencies.
  • Hard money systems promote saving and reduce the need for constant work.
  • Post-scarcity economics envision a world with abundant resources, reducing work needs.
  • The current economic system rewards consumption and discourages saving.
  • An economy focused on self-sufficiency would have a lower GDP.
  • Government and monetary policy are crucial in shaping job efficiency.
  • Work culture and societal values influence perceptions of job importance.
  • Theoretical solutions to BS jobs include both UBI and harder money.
  • The role of government and monetary policy is crucial in job efficiency.

REFERENCES:

  • Bullshit Jobs Book by David Graeber
  • Reddit forum “anti-work”
  • Polls by YouGov and other organizations
  • Historical comparisons to medieval Europe
  • Examples from the pandemic lockdowns
  • Keynesian economics and monetary policy
  • Post-scarcity economics and related theories
  • Universal Basic Income (UBI) proposals
  • Bitcoin and gold as examples of hard money

ONE-SENTENCE TAKEAWAY

Many modern jobs are meaningless, and solutions lie in economic reforms and shifting societal values.

RECOMMENDATIONS:

  • Consider the broader impact of your work on society and personal fulfillment.
  • Question the necessity and efficiency of tasks at work.
  • Save and invest in harder currencies like gold or Bitcoin.
  • Avoid unnecessary consumption and focus on essential needs.
  • Seek financial independence through prudent saving.
  • Promote a work culture that values productivity and meaningful contributions.
  • Reflect on the historical models of work and their relevance today.
  • Critically evaluate economic policies and their impact on personal finances.
  • Engage in continuous learning and improvement.
  • Prioritize productive tasks and seek efficiency improvements.
  • Balance work and personal life to avoid burnout.
  • Advocate for work that contributes meaningfully to society.
  • Reduce dependency on inflationary currencies.
  • Minimize reliance on bureaucratic inefficiencies.
  • Emphasize self-sufficiency and reducing dependency on external systems.
  • Consider the potential benefits and drawbacks of Universal Basic Income.
  • Be aware of the role of government and monetary policy in job efficiency.
  • Understand the implications of post-scarcity economics on work.
  • Avoid jobs that feel soul-crushing or meaningless.
  • Engage with theories and discussions on economic reforms.

Resources