>I estimate generously that 50,000 of them are economically productive in the sense of producing something of value that can be 'exported' from this city.
I'm confused, are you saying that services don't have value? It feels like an artificial distinction to me, for example watching a movie at a theater vs buying/renting a movie both provide me similar value. Also, in a world of increasing automation and globalization # of people is perhaps not a great metric.
I'm not really sure if the economy is in as good of shape as it seems. At least here in the USA we're hitting an unprecedented period of economic growth; the Keynesian in me believes that policy has prevented at least one recession in the 2010s and led to real growth in the economy, but it's very possible we're just in for a bigger fall in the 2020s because of it.
I'm confused, are you saying that services don't have value? It feels like an artificial distinction to me, for example watching a movie at a theater vs buying/renting a movie both provide me similar value. Also, in a world of increasing automation and globalization # of people is perhaps not a great metric.
I'm not really sure if the economy is in as good of shape as it seems. At least here in the USA we're hitting an unprecedented period of economic growth; the Keynesian in me believes that policy has prevented at least one recession in the 2010s and led to real growth in the economy, but it's very possible we're just in for a bigger fall in the 2020s because of it.