Message from @ManAnimal
Discord ID: 626578698174332948
And manpower costs count as material in context.
Eh, providing that time is of lasting value.
if i create a knife, that knife is useful even if it is stored in an attic yrs later and then bought at a yard sale
but a service is an expendable
if money gets tight, everyone starts doing their own services
but production always retains value
Eh, what of training, then?
training is overhead
There is that adage about teaching a man to fish versus providing a fish.
a simple cost of doing business
yup
the key to note is what the source of 'value'' is
It is a cost of it, but undermining the instructors' service is part of what got us into this predicament.
market value isn't intrinsic value nor cost
*shrugs* We're not gonna reach eye to eye on this one.
we are
Service has value, as does material. Your position does not agree with this.
i never said there was NO value
I said that value didn't have the same WEIGHT as production
services like business 'oil the machinery' of production and trade
"i am of the traditional school of thought that only PRODUCTION represents true economic value" If you're walking back this point, very well.
rememeber that any production also implies a degree of creative destruction which has costs of their own
"represents true economic value" key word true
not the same word as 'only'
Also, you indicated they are essential as the shift to tight income is to in house. Nonessential would me the service is discontinued.
i.e. measuring the quantity of production gives you a direct metric of economic performance
but measuring services gives an indirect measure
if i have a nuclear meltdown, all types of new services are required
Erm, that word "true" speaks of singular relevance- all other matters are "false."
but is this a net POSITIVE?
True is another very strong word.
that is a very polar view; again there are different FORMS of value
services are a DIFFERENT form
Phrasing of "true" brings it into a polar view.
these CAN add value but aren't nessecarily showing a postive
GDP is honestly a terrible metric for wellbeing, and I don't care if you include or exclude services from that calculation. Living standards are what really matters, which means looking at the size and quality of homes that people are living in, how easily people can move around and how nice their transportation options are, and how healthy and in shape people are.
you are thinking 2-dimensional which is the typical way of viewing the word 'value'
And the previous explanation was indicative that service provided null value.
Living standards > productivity > GDP