In “The Economy Is Not A Pizza Pie (Part 1)” we discussed why being envious of the honestly-acquired wealth of others is not logical. This is an important concept to grasp, because once we cut loose the emotional anchor of envy, we are free to expend our energies on more productive pursuits. Among those pursuits would be the celebration of the success and wealth of others. Why? Because not only do we benefit from the products and services that are born from such success, the related boost to the economy gives us a better chance of finding and keeping a good job.
At the gut level, though, we already know this. Let’s try another thought experiment to prove the point.
Consider a man who has been out of work for some time and is traveling to seek a new job. He comes to a fork in the road, and sees by a sign that he can take the right road to Richville, or the left road to Poorville. He has heard that Richville has quite a few wealthy folks, where Poorville has very few.
Now, if it were true that money was a pizza pie and wealthy folks were mean, why would the job-seeker go to Richville? Why waste the time? Since all of the money in Richville would already have been consumed by those rotten rich people, why not try to find a job with the nice friendly folks in Poorville?
The answer is obvious: the man would take the road to Richvile because he instinctively knows Pizzanomics to be false. He knows that traveling to Richville gives him a much better chance to get a job. He knows that wealthy folks do not eat their money, they spend and invest it, and his chance of getting some of it is much better when he gets closer to the flow.
(If you care to debate the above, contrary viewpoints are welcome.)
We’ve discussed why Pizzanomics doesn’t make economic sense. Next we’ll discuss why Pizzanomics is immoral.
Also, in upcoming posts we’ll summarize the Engineering Thinking principles learned to date, and show how to apply them to various everyday challenges. Because it’s a major pocketbook issue, we’ve been using the government’s effect on the economy for several examples, but the principles can be applied to any problem; in the past we’ve touched on relationships, psychics, scams, etc. If you have a particular topic that you think would benefit from Engineering Thinking, please let me know.