The Great Divergence

[eppie]

As per my previous paragraph, I don't think there is a net creation of jobs. The jobs that are created are in the service sector. These jobs do not produce any goods nor added value services. An economy based largely on these jobs is an economy without a foundation. The bastard offspring of a shell game and a pyramid scheme.

But on the other hand this is what we see in many 1st world countries.
Most investment banking jobs don't add anything but are highest paid and they need skilled employees.
Same as professional sports, advertisement, etc.
The highest paid jobs often are jobs that don't create anything real.
I'd rather have a few more gardeners if that meant a few less investmentbankers.