Quote:
Originally Posted by henholland
I came to realize that very very few jobs actually serve much of a purpose for society. They are important in the sense that people get paid and hence have money to spend etc, but apart from that they dont serve much of a bigger purpose.
Not really.
Suppose you get paid $20/hour, but really would be willing to work for $15/hour. You're "profiting" by $5/hour in an abstract sort of way.
Suppose your company would be willing to pay you $25/hour. Then they are benefiting $5/hour also.
Add this up and there's a $10/hour consumer surplus with you adding value to the company and them adding value to your life.
Now look at the company's customers and there's a similar surplus. Taken in the aggregate, any voluntary transaction is likely to benefit "society" since everyone in society is making transactions like this all the time whether they're hiring an employee or buying a sweater.
An exception would be if you buy something and find out it's junk and not worth the money you paid, but this is a very small minority of transactions.
Consumer surplus on answers.com.