I'm not proposing that Bitcoin becomes a standard currency for the world economy, just that people might use it as a store of value if Governments tried to ban cash.
59 karma · joined January 8, 2015
I imagine that this type of scenario would provide a strong incentive for people to start using digital currencies like Bitcoin - they have a finite supply and are much easier to transact and store than physical items like gold or silver.
I have the following thoughts: -Are these data analysts preparing accurate (factual) reports? If so, then I would contend that they are in fact doing a useful service by allowing upper management to make better resource allocation decisions (i.e. more accurately determine which division is performing the best). -If the data analysts are employed to produce inaccurate or biased reports purely for the benefit of the division managers, then I believe this would be an example of illegal behaviour and an agency problem. For this reason, I would expect that the head office would employ (neutral) data analysts to avoid this problem.
As for the moral argument as to why people on welfare are often viewed negatively, I think the reasoning is fairly obvious - most taxpayers are doing work which they don't necessarily enjoy, and may become annoyed if they think they are being exploited by people who are not working. Hence why nobody cares if a person who is not on welfare doesn't work.
Finally, I would be interested to know what specific jobs the author is referring to as "BS jobs". As far as I'm aware, people are only given money if someone else finds utility in what they are doing.
Today, disruption is so easy. Starting a app/website/platform involves almost no fixed costs and variable costs scale easily. We are now seeing century-old corporations being disrupted by university students. Technology has helped this situation, not hindered it.
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A precise example: "the Stasi" in East Germany during the 80s.