The short article Stop Digging: The Case Against Jobs provides a completely different way to look at our economic situation.
I’ll give you the conclusion, and leave as an exercise to the reader to read the logic that leads up to it.
John Maynard Keynes famously observed that “If the Treasury were to fill old bottles with banknotes, bury them at suitable depths … and leave it to private enterprise on well-tried principles of laissez-faire to dig the notes up again … there need be no more unemployment”. One of the things that ought to distinguish socialists from liberals is that we think it’s possible to do better than this. Today, it seems that hole-digging has come to occupy a central place in the imagination of the left. But socialism should be about freeing people from wage labor, rather than imprisoning them in lives of useless toil.