👨‍💼 Where do jobs come from? | Employment vs self-employment

[@wojciechdabek8409]

Everyone is entrepreneur!

[@Synodalian]

Indeed. As the wise economist once said: *"Producers and consumers are identical. Production and consumption are different stages in acting. Catallactics embodies these differences in speaking of producers and consumers. But in reality they are the same people. It is, of course, possible to protect a less efficient producer against the competition of more efficient fellows. Such a privilege conveys to the privileged the benefits which the unhampered market provides only to those who succeed in best filling the wants of the consumers. But it necessarily impairs the satisfaction of the consumers. If only one producer or a small group is privileged, the beneficiaries enjoy an advantage at the expense of the rest of the people. But if all producers are privileged to the same extent, everybody loses in his capacity as consumer as much as he gains in his capacity as a producer. Moreoover, all are injured because the supply of products drops if the most efficient men are prevented from employing their skill in that field in which they could render the best services to the consumers." - Ludwig Von Mises (Human Action, pp. 312-313)*

[@armanke13]

Nah.. everyone CAN BE entrepreneur. Human have potentials. But if everyone is, then it's easy.. but entrepreneurship is actually hard that not everyone can do it (taking greater risk to open or expand businesses than to work relatively stable jobs with salary)

[@shawnb8364]

@@armanke13 exactly well said

[@peteryokahui]

Employment is a company of big or small business taking on employees and self-employment is a person that gets contracts from a company or organisation

[@Ravstar999]

This is such a fantastic channel! It is a travesty that you are not much bigger. Once thing that would be good is a better quality mic but other than that I feel I could be watching a channel with millions of subs

[@EconClips]

Better audio is coming soon:)

[@DheerajBhaskar]

This channel has a stong anarcho capitalist bent and I like it 😀✌🏼. I've subbed and enabled the bell icon (first time ever for the bell)

[@ScottyBeans-ex1ds]

Always nice to meet a fellow ancap.

[@deepanshuverma3097]

i know most of the things that u said was totally right, but that awesome guitar tune in the background took all of my attention in the first place.

[@lunarhive8914]

I like your videos.... Great educative channel!!!...This is a blessing....Dope

[@abhinavitsmebellamy]

Thank you, for this!!

[@umangasarathchandra717]

good job mate. keep it up!

[@khairuddinmohdharif4193]

From Contract Order.Employment was between lower management to top management&Self Employment mean Business Man or Business Women,maybe.

[@autystycznybudda5012]

Also, government should get rid of business regulations, like in Taiwan, Singapore or United Kingdom

[@ryanfrizzell736]

Great. Now I know more information about employment.

[@akhileshrathi7]

Which software do u use?

[@biutifulkruz798]

How about automation and artificial intelligence which are replacing and competing against human labour in many sectors ? In your video, Martin could deploy robots; instead of hiring Jack and other diggers.

[@EconClips]

There is a theory, that points out, that if simple tasks were to be automized, humans would have more resources to do specifically "human" tasks. For example: we used to have workers, whose only job was to place bowling pins in order after throw. Now it's automized. Is it bad, that people don't have to do this anymore?

[@biutifulkruz798]

As a matter of fact, i wanted you to address why human labour are much needed in our economy or any economies. In my opinion, whenever a human receives a wage or salary, he/she will spend it. Through this expenditure, we can measure it. With each dollar spent, it is some how creating jobs in other sectors, right? However, with each employment of robots, there is no expenditure to be measured because robots do not spend on itself, robots don't do pedicure/manicure, robots don't raise kids, etc. Decline in economic transactions at retail outlets. Therefore, with many jobs being replaced by automation or robotic counterparts, the economy will register higher productivity but the expenditure model shrinks, isn't it true? There is no cascading effect of money spent and quantity theory of money model doesn't hold since robots don't go shopping, don't dine out at fancy restaurants/diners, robots don't check into hotels and play games at casinos, etc. Since robots do not buy houses, thus, robots don't take mortgage loans, study loans, hire purchase, etc. Therefore there is no wealth effect created by lending and borrowing activities for the bankers. I think you get my drift.

[@armanke13]

@@biutifulkruz798 I guess robots will have maintenance cost too, and age like human till they defunct in some years, 🤔

[@matrixman8582]

@@biutifulkruz798 You're implying that the only way a human can gain income is by selling his labor. They can sell other products/services as well. As machines lower in cost, more people are able to buy/invest in automated production, and gain income from the profits/dividends/rents.

[@exnihilonihilfit6316]

@@biutifulkruz798 Yeah, but the robot's owners save more, and they are the entrepreneurial people who best know how to use money for growth.

[@gregorius790]

Like it.

[@lukahenigman8453]

I disagree with you on the interest rates...lowering interest rates discourages people to save (I agree), but it *discourages* people to have their money sitting in a bank, so instead they decide to spend it (increasing *consumer spending, the velocity of money, and thus stimulating the economy) or invest* it which further stimulates the economy.

[@EconClips]

what do you think happens to the money that is "sitting in a bank"? It's invested, bank lend it out. Lowering rates below the market level causes business cycles. kzbin.info/www/bejne/jIrHd2OEbs2grsU

[@lukahenigman8453]

I see your POV and where you are coming from, but there a great inefficiencies in your statement. Higher interest rates deter entrepreneurs and other individuals from seeking credit (unless inflation is greater than the interest), and even though it encourages people to save, banks do not have 100% efficiency in lending (there also has to be a demand for credit at the right price). Consumers have 100% efficiency as if they are not saving their only option is to spend (re-injecting capital into the economy via consumer spending and thus increasing the velocity of money) or invest (this cuts out the the middle man [bank] which increases efficiency).

[@M4h1d]

I’m here cos of school 🤣🤣🤣🤣

[@MrDanielfff777]

what you studying n what country

[@Bobateareacts]

Same

[@MrVader86]

For you always LIKE ;) good job

[@rmendola759]

THIS QUESTION IS FOR ALL TO ANSWER! What would you say is a good starting business to become self employed ❓❓

[@sniperwaffle7581]

When It comes to the easiest to pick up but yet still a livable job I'd say is a house cleaner. You buy all of the necessities for rugs,windows,furniture etc. As long as you live near/in a populated area I'm confident demand should be enough, it'll be competitive (as always) So watch out!

[@KDBroS]

Good news to students

[@Vagolyk]

The proposed solution seem to not adress the issue, that the company needs to have an ever increasing profit to satisfy investors (the guys who lent and keep lending money to Mark to get all the construction machines). Meanwhile the available laborers only increase in numbers as the total population grows and automation takes over. What is good for companies aren't necessarily good for the populace.

[@Mareczekw30]

good movie, good job

[@TomekSw]

Excessive hiring in private business is OK???

[@bhargavzantye7688]

I just found ur channel Checking out all ur videos they r amazing Keep up the great work Btw I asked u in my last comment Which animation software u use Other channels like practical psychology and fight mediocrity use video scribe But This is not video scribe Wht is it?

[@EconClips]

+Bhargav Zantye hey, thanks! we're using Adobe AE

[@joshuaengel7119]

Any liberals/communists/socialists/Democrats understand this?

[@AikelTechno]

Don't think so. They need rights while on the sofa.

[@marunio435]

It's a common myth that machines will cause the unemployment. A history showed that's not true.

[@okunrin3]

Why can we just get rid of government? Since you said we don’t need them?

[@DheerajBhaskar]

Okunrin Meta we can. A society like that is called anarcho Capitalistic. I subscribe to that ideology and I believe this channel does too ✌🏼🙂

[@matrixman8582]

Govt is necessary to protect people's natural rights

[@ScottyBeans-ex1ds]

@@matrixman8582 Government has historically been the greatest threat to people's natural rights. Basically every human atrocity in human history was perpetrated by a government.

[@serealMuadid]

Oversimplified and one sided.

[@NolaanOne]

I didn't know private sector created nasa and infrastructures I thought it was this inefficient government? 🤔

[@chriselias1521]

NolaanPIMP I didn’t know government created this website or the device you’re using to comment

[@matrixman8582]

NASA was a boondoggle. And centralized infrastructure distorts market mechanisms and concentrates production

[@blairhakamies4132]

It is a religious humorous channel. If you can not find the religious part that might mean your knowledge in logic is low. If you fail to understand the humorous part that might mean your knowledge of economics is extremely low. So many fallacies in this world 😅

[@thomasg627]

OF COURSE the construction company is exploiting the worker. A worker coop does the EXACT SAME as a capitalist owned company, but pays ALL it's profit to the workers. Worker coops are in fact WAY more profitable than capitalist enterprises, simply because they do not have share holders sitting above the workers, sucking profit out of the workers without ever contributing any work themselves. Worker coops are even WAY more advanced than capitalist enterprises, so much so that Microsoft rents lab time at the university of Mondragon, because the labs at Mondragon are so advanced that Microsoft cannot even dream of building something like that.

[@adrianomattia5625]

Thomas Griffi Nobody is stopping the workers to create their cooperatives and yet many of them prefer still to be employees.

[@filipeduarte5768]

share holders are not sitting above workers sucking profits out. shareholders have taken a huge risk upon themselves to invest in company X. anyone can be a shareholder -- it's in fact pretty common for older people to invest with their retirement savings.

[@armanke13]

Yeah we need more coop, but it's relatively hard to manage.. I guess that's what make it more rare model than conventional one.

[@muhammadsiddiqui2244]

Then why in the whole world, Microsoft is ruling but Mondragon labs not?

[@diarturkmani]

Workers also enjoy having to bear the risk of not making profit anf losing their money; but the reality is that some don't like to involve themselves in risk...

[@recyclespinning9839]

Very stupid example in this day and age.

[@piyushmittal8633]

Your accent!!! I am unable to understand

[@nanoaged1]

#taxtherich