Monday, July 11, 2011

Unemployed? To Megan McArdle You're Just A Depreciating Asset


"Human capital is like almost any other form of capital: it is a depreciating asset."

In other words, your worth as a human being is purely economic.

Megan may have a job, but it masks a poverty of soul which lies at the heart of America's problems, where everything is fungible, including your house, and now you.

Want a vacation? Write a check on your HELOC account. Pregnancy inconvenient for your career? End it. Old people cost too much to take care of? Withhold food and water. 14 million unemployed?

"[W]hat are we going to do with all these people?"

Why, liquidate them, of course, like any other asset.

Anyone who will do anything for a job will do . . . anything.

Save your self