I didn’t say the rest weren’t doing useful tasks. On the contrary, I meant to imply that if only a fraction of the workforce works on providing subsistence directly and obviously, it doesn’t mean that the rest are useless rent-seekers.
(That said, I probably do have a more pessimistic view than you about the amount of rent-seeking and makework that takes place presently.)
I didn’t say the rest weren’t doing useful tasks. On the contrary, I meant to imply that if only a fraction of the workforce works on providing subsistence directly and obviously, it doesn’t mean that the rest are useless rent-seekers.
(That said, I probably do have a more pessimistic view than you about the amount of rent-seeking and makework that takes place presently.)