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Reply to "We lost almost a full percentage in IT workforce count over 9 year period"

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I think 80% of Americans should have had their home payed for 20 years ago. The United States should be on a 3-day work week by now. But we have to play these silly status, my car is better than your car, games when all of the cars are underengineered junk designed to fall apart.



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The ECONOMIC UNIT is just an abstract representation for many possible economic entities that all have certain things in common. It could be a single person living alone. It could be a family of 4. It could be a hippy commune. It could be a multi-billion dollar corporation.

In some ways you could compare it to a water tank. Water flowing in is income. Water flowing out is expenses. But the tank is not prefect, there is leakage from the bottom which is depreciation. A single man living alone has a job which provides income. He pays rent which is an expense. But he has a car which he drives to work every day. Little by little the car is wearing out, that is depreciation, there is no way to prevent it. Good maintenance may reduce it but cannot eliminate it.


Does the term and title 'net worth' only applies to the owner? It cannot seem to say the net worth of my car since its had depreciation associated with it. Or a house. Or a job. The person and or person that own can claim 'net worth' it seems? That's is very trick term 'net worth'.
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