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Originally Posted by August
I get your point but think you underestimate the value of service. Take the satellite dish example that you mentioned. Once the dish is mounted it is there for the use of the next tenant or owner. "Satellite equipped" is a sale point. It goes beyond that though. The professional satellite installation tends not to create the leaks and associated damage often found in homeowner installations.
You call it paying for convenience but I call it paying to have the job done right so it doesn't cost you more down the line.
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I don't think I'm underestimating the value of the service - I'm not really focused on that. I'm more concerned with the long term economic impact on an economy heavily reliant upon service.
In a world economy, service isn't a good with which we can trade. So, the more and more service-based our economy becomes, the less focused we will be on creating products which can then be traded to acquire other goods. I think that's dangerous because now we've raised the mean income without proportionately raising the nation's buying power.