Bitcoin reduces unemployment

[deisik]

However, in my opinion it does indirectly contribute the creation of more jobs on a global scale, offers a lot more opportunities for those in countries where labour is cheap, and let them have access to jobs that would otherwise be paid with fiat and currency conversion fees would add up to take away everything they earn. All the while they are treated as anyone else in the world, no discrimination, same pay rates, etc

This is a tricky point

In fact, what you describe is not job creation at all, it is more about outsourcing already existing jobs. So while Bitcoin can greatly help people living in many underdeveloped countries (so-called "third world"), it still reduces jobs domestically via its global nature (with Bitcoin you have no issues with payment and can stay away from PayPal altogether). This doesn't of course mean that Bitcoin can't create jobs, it is just your description of it which doesn't fit quite well into this category (i.e. job creation)

I think what Bitcoin does for more economically developed countries, like USA for example, is not necessarily reduction of jobs. If an employer from the USA wants a high quality logo created for him and he's willing to pay for that $30, probably no one in the USA who is capable of doing it wants that job. So in this case Bitcoin doesn't reduce jobs domestically. And if we take a closer look at what kind of jobs and with what payment Bitcoin is creating we'll see that most of them are similar to the one described

This doesn't work as you think it would

In fact, this is a serious issue which is obviously not limited to Bitcoin only. In your example, the employer would have to use local designers and pay the price they asked if he couldn't pay for the same job half as much to someone in the third world country. That's the whole problem with outsourcing, and it is not just my opinion that it destroys local jobs. Donald Trump made it his favorite topic in his presidential campaign (namely, that China steals American jobs). And he is right, at least, to a certain degree

[1715595584]

1715595584

[1715595584]

1715595584

[1715595584]

1715595584

[1715595584]

1715595584

[Mpamaegbu]

OP's declarative position (since it wasn't a question asked) will be a bit difficult to sustain. How does one prove that Bitcoin reduces unemployment. How? One would ask. If Bitcoin is regarded as a virtual currency or the new fiat, then how does that hold? Can we say fiat/money reduces unemployment? Or that cowries reduces unemployment? No! We can only argue on the strength of investments that can be set up with the possession of these store of value (cowries, fiat, Bitcoin) at any given time.

[deisik]

OP's declarative position (since it wasn't a question asked) will be a bit difficult to sustain. How does one prove that Bitcoin reduces unemployment. How? One would ask. If Bitcoin is regarded as a virtual currency or the new fiat, then how does that hold? Can we say fiat/money reduces unemployment? Or that cowries reduces unemployment? No! We can only argue on the strength of investments that can be set up with the possession of these store of value (cowries, fiat, Bitcoin) at any given time.

I guess we can definitely say that

And it doesn't just reduce unemployment per se (it is a minor issue in this case). Money makes it possible to create new jobs which simply couldn't even exist if there were only barter present. Basically, it removes the limits imposed by the direct exchange of goods and services. In other words, without money we would be still living in the Stone Age mostly (remember, the Stone Age didn't end for the lack of stones)

[espante]

Bitcoin enriches certain individuals but it does little to reduce unemployment. Bitcoin doesn't produce anything or directly hire anyone.

[UCHCHILD]

Indeed, bitcoin really helps people out of unemployment since they can have work online and collect money thru bitcoin. it also leads to good life, unlock youlife to the close doors on you debt. Also helps us to use more of our skilss here than in real world. But then yhere were coubtries that banned bitcoin due to its featues that affect the total ecpnomic growth of the country.
It helps individually but not the country.

But not only in bitcoin actually it is the online industry. Because there is a lot of ways to earn like in dollar or in you local money but that is just thru online.

[batang_bitcoin]

Bitcoin enriches certain individuals but it does little to reduce unemployment. Bitcoin doesn't produce anything or directly hire anyone.

It is not only doing little in reducing the unemployment but surely do a lot to make a lot of changes in the market and for the lives of unemployed people that are engaging now with bitcoin. Many treats it as main source of income as the potential is high to give an individual decent living.

[ipungadhi]

Yes bitcoin can reduce unemployment but create virtual criminals

That's the disadvantage whenever there are beneficial,bad guys targeting it in the most easiest way to earn big time. Since its virtual identity were hard to determined.

Such a bad influence will always be in addition to the benefits that are present. I know that there are many people getting a new job in bitcoin or getting a side job from bitcoin. But bitcoin has many functions like anonymous. If it is functioned for bad things then it will lead to crime

[Rizky Aditya]

Yes bitcoin can reduce unemployment but create virtual criminals

That's the disadvantage whenever there are beneficial,bad guys targeting it in the most easiest way to earn big time. Since its virtual identity were hard to determined.

well i think it is the normal thing that everything in the world has some advantages and disadvantages, so bitcoin also has many advantages and also contributing more in the ending of unemployment because those people who have not any work to make money so bitcoin is a very good opportunity for them to get income.

[Vikingr]

Bitcoin has little effect on reduction of unemployment. Because in my opinion, peoples who work more actively in earning income. Despite working, most of them are still looking for new sources of income. In my place, very few unemployed who want to learn about bitcoin. They are like the people who are waiting for end of the world. Dont have activities that provide positive benefits for his life.

I think those people will not have much knowledge about bitcoin that is why much of them do not come to adopt bitcoin to earn money for their life. If you will teach them all about bitcoin then I am sure that they will like to start bitcoin and they will then find it as their job to earn through this way.

[Yakamoto]

Bitcoin has little effect on reduction of unemployment. Because in my opinion, peoples who work more actively in earning income. Despite working, most of them are still looking for new sources of income. In my place, very few unemployed who want to learn about bitcoin. They are like the people who are waiting for end of the world. Dont have activities that provide positive benefits for his life.

This is definitely something I have been seeing more and more of recently. There is definitely a difference between those who are working and those who are not working, and typically those who are not working (which is more often than not by choice) have no interest in getting anything more than what is given to them by the government, and they are completely content with existing as a relative drain on society.

Most simply don't care about getting any better, and if they don't care about that they won't care about Bitcoin in the first place.

[hendra1988]

I agree with you.
Previously there should be an education about bitcoin starting from the intent and purpose of the bitcoin. After they get to know bitcoin then they try. But viewed from the aspect / characteristics of each person is different and the power of creativity is also different. So the income earned from bounty or the other in the form of bitcoin is also different, depending on his ability.
The point is actually there in every person, whether he really want to run it or just can talk without any action.

[Blackdeath]

I think in the presence of bitcoin will reduce unemployment, because searching for bitcoin also requires hard work and creativity, and competitiveness in bitcoin is also high almost similar to work in the real world

What is your opinion this time?

Certainly bitcoin can reduce the unemplyment since it can help jobless people to get an opportunity in bitcoin through trading, gambling, and promoting. However, it's not enough to be source of income since it's not stable. It would be better to have a job and make money through bitcoin just for sideline.

[Kotone]

I agree with you.
Previously there should be an education about bitcoin starting from the intent and purpose of the bitcoin. After they get to know bitcoin then they try. But viewed from the aspect / characteristics of each person is different and the power of creativity is also different. So the income earned from bounty or the other in the form of bitcoin is also different, depending on his ability.
The point is actually there in every person, whether he really want to run it or just can talk without any action.

Yes it is. Bitcoin will help us to make their lives better. And bitcoin will be their source of income in the future and it can be their investment for a long time too. And if they dont have any jobs they can make bitcoin as their souce of income now. But dont depends to bitcoin too much its a bad thing i think. We need to find a job also.

[Betwrong]

However, in my opinion it does indirectly contribute the creation of more jobs on a global scale, offers a lot more opportunities for those in countries where labour is cheap, and let them have access to jobs that would otherwise be paid with fiat and currency conversion fees would add up to take away everything they earn. All the while they are treated as anyone else in the world, no discrimination, same pay rates, etc

This is a tricky point

In fact, what you describe is not job creation at all, it is more about outsourcing already existing jobs. So while Bitcoin can greatly help people living in many underdeveloped countries (so-called "third world"), it still reduces jobs domestically via its global nature (with Bitcoin you have no issues with payment and can stay away from PayPal altogether). This doesn't of course mean that Bitcoin can't create jobs, it is just your description of it which doesn't fit quite well into this category (i.e. job creation)

I think what Bitcoin does for more economically developed countries, like USA for example, is not necessarily reduction of jobs. If an employer from the USA wants a high quality logo created for him and he's willing to pay for that $30, probably no one in the USA who is capable of doing it wants that job. So in this case Bitcoin doesn't reduce jobs domestically. And if we take a closer look at what kind of jobs and with what payment Bitcoin is creating we'll see that most of them are similar to the one described

This doesn't work as you think it would

In fact, this is a serious issue which is obviously not limited to Bitcoin only. In your example, the employer would have to use local designers and pay the price they asked if he couldn't pay for the same job half as much to someone in the third world country. That's the whole problem with outsourcing, and it is not just my opinion that it destroys local jobs. Donald Trump made it his favorite topic in his presidential campaign (namely, that China steals American jobs). And he is right, at least, to a certain degree

In which country unemployment is more critical: in a country where you can get a good welfare and still live or in a country where you'll die from hunger being unemployed? So personally I don't care if people from poor countries “steal” jobs from the local citizens of rich countries. This is called competition and it's a normal thing. Preventing competition in the market-economy countries may lead to wars.

[chineseprancing]

Of course yes, bitcoin were reduce unemployed people in the world because most of the people wants to have a job to support their needed in life thru the help of internet most of the people were searching job thru different sites and I think bitcoin is one of the job that gives opportunity to others life.

[Xester]

Of course yes, bitcoin were reduce unemployed people in the world because most of the people wants to have a job to support their needed in life thru the help of internet most of the people were searching job thru different sites and I think bitcoin is one of the job that gives opportunity to others life.

And quite impressive what technologies can do right now.  Having an access through computers having an internet connection really gives everyone a chance to have an income.  Aside from earning bitcoins there are a lot of opportunities in the internet.  Even receipts coupd give you cash. 

[deisik]

However, in my opinion it does indirectly contribute the creation of more jobs on a global scale, offers a lot more opportunities for those in countries where labour is cheap, and let them have access to jobs that would otherwise be paid with fiat and currency conversion fees would add up to take away everything they earn. All the while they are treated as anyone else in the world, no discrimination, same pay rates, etc

This is a tricky point

In fact, what you describe is not job creation at all, it is more about outsourcing already existing jobs. So while Bitcoin can greatly help people living in many underdeveloped countries (so-called "third world"), it still reduces jobs domestically via its global nature (with Bitcoin you have no issues with payment and can stay away from PayPal altogether). This doesn't of course mean that Bitcoin can't create jobs, it is just your description of it which doesn't fit quite well into this category (i.e. job creation)

I think what Bitcoin does for more economically developed countries, like USA for example, is not necessarily reduction of jobs. If an employer from the USA wants a high quality logo created for him and he's willing to pay for that $30, probably no one in the USA who is capable of doing it wants that job. So in this case Bitcoin doesn't reduce jobs domestically. And if we take a closer look at what kind of jobs and with what payment Bitcoin is creating we'll see that most of them are similar to the one described

This doesn't work as you think it would

In fact, this is a serious issue which is obviously not limited to Bitcoin only. In your example, the employer would have to use local designers and pay the price they asked if he couldn't pay for the same job half as much to someone in the third world country. That's the whole problem with outsourcing, and it is not just my opinion that it destroys local jobs. Donald Trump made it his favorite topic in his presidential campaign (namely, that China steals American jobs). And he is right, at least, to a certain degree

In which country unemployment is more critical: in a country where you can get a good welfare and still live or in a country where you'll die from hunger being unemployed? So personally I don't care if people from poor countries “steal” jobs from the local citizens of rich countries. This is called competition and it's a normal thing. Preventing competition in the market-economy countries may lead to wars.

And how does it help reduce unemployment?

You may in fact not care but the American citizens certainly do (since otherwise they wouldn't have chosen Trump as the US president in the first place). Further, if we are talking about the US specifically (which is what you mentioned yourself in your example), I'm afraid it is nowhere near "you can get a good welfare and still live". Unemployment benefits and social welfare are for pussies and Europeans, dying destitute under the bridge is the American way!



There's no such thing as a free lunch either

[Prohodimec]

However, in my opinion it does indirectly contribute the creation of more jobs on a global scale, offers a lot more opportunities for those in countries where labour is cheap, and let them have access to jobs that would otherwise be paid with fiat and currency conversion fees would add up to take away everything they earn. All the while they are treated as anyone else in the world, no discrimination, same pay rates, etc

This is a tricky point

In fact, what you describe is not job creation at all, it is more about outsourcing already existing jobs. So while Bitcoin can greatly help people living in many underdeveloped countries (so-called "third world"), it still reduces jobs domestically via its global nature (with Bitcoin you have no issues with payment and can stay away from PayPal altogether). This doesn't of course mean that Bitcoin can't create jobs, it is just your description of it which doesn't fit quite well into this category (i.e. job creation)

I think what Bitcoin does for more economically developed countries, like USA for example, is not necessarily reduction of jobs. If an employer from the USA wants a high quality logo created for him and he's willing to pay for that $30, probably no one in the USA who is capable of doing it wants that job. So in this case Bitcoin doesn't reduce jobs domestically. And if we take a closer look at what kind of jobs and with what payment Bitcoin is creating we'll see that most of them are similar to the one described

This doesn't work as you think it would

In fact, this is a serious issue which is obviously not limited to Bitcoin only. In your example, the employer would have to use local designers and pay the price they asked if he couldn't pay for the same job half as much to someone in the third world country. That's the whole problem with outsourcing, and it is not just my opinion that it destroys local jobs. Donald Trump made it his favorite topic in his presidential campaign (namely, that China steals American jobs). And he is right, at least, to a certain degree

In which country unemployment is more critical: in a country where you can get a good welfare and still live or in a country where you'll die from hunger being unemployed? So personally I don't care if people from poor countries “steal” jobs from the local citizens of rich countries. This is called competition and it's a normal thing. Preventing competition in the market-economy countries may lead to wars.

And how does it help reduce unemployment?

You may in fact not care but the American citizens certainly do (since otherwise they wouldn't have chosen Trump as the US president in the first place). Further, if we are talking about the US specifically (which is what you mentioned yourself in your example), I'm afraid it is nowhere near "you can get a good welfare and still live". Unemployment benefits and social welfare are for pussies and Europeans, dying destitute under the bridge is the American way!



There's no such thing as a free lunch either

Free lunch really does not happen, even cheese in a mousetrap has a price. Bitcoin will never affect unemployment, because even a person who participates in the business of crypto currency, still in the state will be listed as unemployed. Because financial transactions with the crypto currency in some countries are illegal.

[suryana]

It seems effect bitcoin on unemployment reduction is insignificant, making it less visible globally positive impact. But certainly with bitcoin, is a new business opportunity (for people who see potential of bitcoin). I'm sure, most of the ones that wrestle on bitcoin today are people who have worked or already have an income.

[Creepings]

It seems effect bitcoin on unemployment reduction is insignificant, making it less visible globally positive impact. But certainly with bitcoin, is a new business opportunity (for people who see potential of bitcoin). I'm sure, most of the ones that wrestle on bitcoin today are people who have worked or already have an income.

That is right, the people with profit and money wil have the upper hand but that doesn't mean that the one's with no capital to start with will just let themselves be like that. They will be pushing themselves to earn more and strice with the ones that has income at the first place. In terms of bitcoin, I can't see any unequal standings.