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.