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May 25, 2006
Box vs. Forehead
Russell Roberts mulls over the factors that determine wages:
- [Douglas] Baird points out that one of the obsessions of Henry Ford was to improve the precision of the parts of a car sufficiently so that unskilled people could assemble a car. When the parts were not machined precisely, there was a highly skilled highly paid worker called a fitter who was able to get the imperfect pieces to mesh.
So was better precision a good thing or a bad thing? In the box view of the world, it was bad. America lost the high-paying jobs, the jobs for fitters. But in the forehead view of the world, the world where wages depend on human capital (skill, knowledge and knowhow), Ford's improvement was good for the world. By finding a more efficient way to make cars, wealth was created. The people who were once fitters went on to do new things, new things that were possible partly because people now had more resources available that were once spent on assembling cars.
To find out what all this forehead and box talk is about, read the whole post.
Posted by tedb at May 25, 2006 06:08 PM
I feel like an empty room, but eh. Nothing seems worth doing. I haven't gotten much done today.
Comment by: Sten90444 at January 22, 2007 02:46 PM
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My life's been pretty dull recently. Shrug. My mind is like a void. I haven't gotten anything done lately. I can't be bothered with anything recently.
Comment by: Sten6573 at January 24, 2007 04:23 PM
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I can't be bothered with anything these days, but such is life. I don't care. So it goes. More or less nothing seems worth thinking about. I've just been hanging out waiting for something to happen, but that's how it is.
Comment by: Sten81387 at January 25, 2007 02:26 PM
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I haven't been up to anything today. I don't care. I've just been staying at home not getting anything done. Basically not much happening right now. Maybe tomorrow. I guess it doesn't bother me.
Comment by: Sten39466 at January 26, 2007 07:55 AM
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I haven't been up to much these days. Today was a loss. Nothing seems important. I've just been letting everything happen without me these days.
Comment by: Sten68620 at January 26, 2007 03:34 PM
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I feel like a complete blank, but I don't care. Pfft. I've pretty much been doing nothing worth mentioning.
Comment by: Sten60066 at January 26, 2007 03:46 PM
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Not much on my mind these days, but what can I say? It's not important. I just don't have much to say lately. I've just been letting everything pass me by recently, but eh.
Comment by: Sten61762 at January 28, 2007 04:04 AM
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Not much on my mind lately. My life's been completely boring these days. I've just been hanging out not getting anything done. So it goes.
Comment by: Sten29207 at January 28, 2007 09:14 AM
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My mind is like a bunch of nothing, but I guess it doesn't bother me. I haven't been up to anything recently. I've pretty much been doing nothing to speak of.
Comment by: Sten50363 at January 29, 2007 06:48 PM
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I haven't been up to anything today. I don't care. I've just been staying at home not getting anything done. Basically not much happening right now. Maybe tomorrow. I guess it doesn't bother me.
Comment by: Sten31238 at January 30, 2007 10:04 PM
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I just don't have anything to say , but shrug. So it goes. Not much on my mind recently. I can't be bothered with anything recently.
Comment by: Sten41714 at January 31, 2007 03:54 AM
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I just don't have anything to say. Not that it matters. Eh. I've just been staying at home doing nothing, but I don't care. That's how it is.
Comment by: Sten67939 at January 31, 2007 03:45 PM
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Not much on my mind. I don't care. I've just been letting everything happen without me , but shrug. Whatever. I feel like a void.
Comment by: Sten75174 at January 31, 2007 04:17 PM
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I've just been hanging out not getting anything done. What can I say? I've basically been doing nothing worth mentioning, but pfft. Not that it matters. Pretty much nothing exciting happening to speak of. I haven't been up to much these days.
Comment by: Sten73325 at February 1, 2007 12:24 AM
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I've more or less been doing nothing worth mentioning, but eh. My life's been really bland today. I don't care. I've just been letting everything happen without me these days. That's how it is.
Comment by: Sten98615 at February 1, 2007 05:34 AM
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I just don't have anything to say right now. I haven't been up to anything recently, but it's not important. I've just been sitting around waiting for something to happen, but shrug.
Comment by: Sten56232 at February 1, 2007 10:21 AM
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I can't be bothered with anything these days, but such is life. I don't care. So it goes. More or less nothing seems worth thinking about. I've just been hanging out waiting for something to happen, but that's how it is.
Comment by: Sten85820 at February 1, 2007 12:33 PM
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I've just been staying at home waiting for something to happen, but I don't care. Basically nothing seems worth thinking about. I can't be bothered with anything recently.
Comment by: Sten44404 at February 1, 2007 04:05 PM
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I can't be bothered with anything these days, but shrug. I just don't have anything to say recently. I haven't gotten much done recently. Nothing seems worth thinking about.
Comment by: Sten84302 at February 2, 2007 03:46 AM
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My life's been basically bland today. More or less nothing seems worth thinking about. My mind is like an empty room. I've more or less been doing nothing to speak of. Not much on my mind recently.
Comment by: Sten99595 at February 2, 2007 02:53 PM
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I just don't have anything to say. Not that it matters. Eh. I've just been staying at home doing nothing, but I don't care. That's how it is.
Comment by: Sten98861 at February 2, 2007 04:48 PM
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I can't be bothered with anything these days, but such is life. I don't care. So it goes. More or less nothing seems worth thinking about. I've just been hanging out waiting for something to happen, but that's how it is.
Comment by: Sten93036 at February 3, 2007 12:31 AM
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I just don't have much to say recently. Such is life. I've basically been doing nothing. Basically nothing seems worth bothering with. Oh well.
Comment by: Sten35867 at February 3, 2007 05:03 PM
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I haven't gotten anything done recently. I've just been hanging out doing nothing. I haven't been up to anything these days, but it's not important. Today was a total loss.
Comment by: Sten93957 at February 4, 2007 12:16 AM
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I haven't gotten anything done today. I feel like a fog, but what can I say? I've just been letting everything wash over me lately, not that it matters. Shrug.
Comment by: Sten9341 at February 4, 2007 02:16 AM
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Basically nothing noteworthy happening right now, but eh. Today was a complete loss. I haven't been up to much recently. I've pretty much been doing nothing worth mentioning.
Comment by: Sten34542 at February 4, 2007 12:22 PM
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Comment by: Sten52282 at February 4, 2007 11:11 PM
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Not much on my mind lately. My life's been completely boring these days. I've just been hanging out not getting anything done. So it goes.
Comment by: Sten80989 at February 5, 2007 07:00 AM
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I haven't been up to anything recently, but so it goes. Such is life. What can I say? Pretty much not much exciting going on to speak of. I haven't gotten much done lately, but I don't care.
Comment by: Sten86413 at February 5, 2007 04:34 PM
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I haven't been up to much today. I've just been letting everything happen without me. Basically nothing seems worth bothering with. I've just been hanging out doing nothing. I just don't have anything to say right now. More or less nothing happening.
Comment by: Sten50071 at February 5, 2007 09:21 PM
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I just don't have much to say these days, but so it goes. Today was a total loss. I guess it doesn't bother me.
Comment by: Sten80797 at February 5, 2007 10:47 PM
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Not much on my mind these days, but what can I say? It's not important. I just don't have much to say lately. I've just been letting everything pass me by recently, but eh.
Comment by: Sten11667 at February 6, 2007 08:02 AM
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I haven't been up to anything recently, but so it goes. Such is life. What can I say? Pretty much not much exciting going on to speak of. I haven't gotten much done lately, but I don't care.
Comment by: Sten3453 at February 6, 2007 08:15 AM
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