Two ways to make a country wealthy according to Adam Smith: 1. Make sure more people are employed! 2. Increase productivity of the jobs! The reality of things is productivity is king! If you say digging a water pipe trench with a spade will give 100 youths a job, instead of using a machine where you need 2. Why then, don't you use a spoon and give 1000 youths a job? It doesnt make sense! It doesn't make sense to sacrifice productivity for the sake of creating more jobs! So, when we are talking about casual jobs, we are not talking about increasing productivity! So, how are we making things better? To make things better, the government shouldn't focus on giving youths jobs... it should focus on reducing the cost of factors of production so more people can produce, earn and consume! A good road increases productivity! A driver who makes 2, 6-hr trips a day, could make 6, 2-hr trips a day if the same distance of road was good! You have multiplied the productivity of this driver 3 times! How does selling private housing on public land increase productivity? We need to be realistic! Factors of production are getting more expensive: Power, Capital, Transport, Rent, etc! Are all going up! So, how can manufacturing survive regional competition? We don't need to government to create more employment initiatives, we want the factors of production to favor manufacturers, and businesses so we can grow and employ ourselves!
And who do you suggest to replace him? Honest question, I'd love to hear your genius idea and how you think it would help. And please don't say anybody is better
Really, you want to mean we train our youth just to build houses as casual laborers? SHAME! SHAME! SHAME! if at this generation we are still thinking casual
You should pick up a history and economics book and learn that large scale infrastructure projects have been used around the globe before to ignite growth in stagnant economies. This does not mean it's the only way, it's just one of the ways. Also, it's not just the construction jobs that get created. There's a whole supply chain involved from pushing rocks to pushing paper in offices
Diana's question of " who has the money ?" This looks like a plausible explanation as to why Kenyans are not feeling the effect of the lower inflation rate.
You see the problem with this people when they see us walking with sufuria the revolve on thing that we need unga these political class will never understand the common mwananchi
Its one thing to speak and another to speak the truth, on groubnd there are either no such projects or stalled projects. It's shameful how grown ups can publicly lie to the whole nation. The manner in which questions are answered here you don't need to visit the sites to believe that actually they are lying.
![The Explainer | State of the Economy - Inflation Rate [Part 2]](http://i.ytimg.com/vi/p_pbFRJC8sE/mqdefault.jpg)
![The Explainer | State of the Economy – Inflation Rate [Part 2]](/img/tr.png)
![The Explainer | State of the Economy - Inflation Rate [Part 3]](/img/n.gif)
Two ways to make a country wealthy according to Adam Smith:
1. Make sure more people are employed!
2. Increase productivity of the jobs!
The reality of things is productivity is king! If you say digging a water pipe trench with a spade will give 100 youths a job, instead of using a machine where you need 2. Why then, don't you use a spoon and give 1000 youths a job? It doesnt make sense!
It doesn't make sense to sacrifice productivity for the sake of creating more jobs! So, when we are talking about casual jobs, we are not talking about increasing productivity!
So, how are we making things better?
To make things better, the government shouldn't focus on giving youths jobs... it should focus on reducing the cost of factors of production so more people can produce, earn and consume!
A good road increases productivity!
A driver who makes 2, 6-hr trips a day, could make 6, 2-hr trips a day if the same distance of road was good! You have multiplied the productivity of this driver 3 times!
How does selling private housing on public land increase productivity?
We need to be realistic! Factors of production are getting more expensive: Power, Capital, Transport, Rent, etc! Are all going up! So, how can manufacturing survive regional competition?
We don't need to government to create more employment initiatives, we want the factors of production to favor manufacturers, and businesses so we can grow and employ ourselves!
Ruto should be removed at all costs and the whole government there is nothing of importance he is doing
Ameshindwa na kazi
Exactly 💯 RUTO MUST GO 🇰🇪✊😤
And who do you suggest to replace him? Honest question, I'd love to hear your genius idea and how you think it would help. And please don't say anybody is better
@Edwachable you seem like a wise guy.. I'll vote for you 🤝😊
@Edwachable RUTO MUST GO 🇰🇪✊😤
The government spokesman is vomiting nonsense.
Crap ..
Really, you want to mean we train our youth just to build houses as casual laborers? SHAME! SHAME! SHAME! if at this generation we are still thinking casual
KK is a failed experiment..useless rulers with clueless assistants.
We cannot all do white collar jobs. The mkt has alot of youth with papers and no experience
You should pick up a history and economics book and learn that large scale infrastructure projects have been used around the globe before to ignite growth in stagnant economies. This does not mean it's the only way, it's just one of the ways. Also, it's not just the construction jobs that get created. There's a whole supply chain involved from pushing rocks to pushing paper in offices
Imagine spending 100 of billions to create short term jobs
Aki hii KK tu...... So housing is the only job creation made??? Nkt.
Government dogs barking this early in the morning
Diana's question of " who has the money ?" This looks like a plausible explanation as to why Kenyans are not feeling the effect of the lower inflation rate.
Its soo sad how clueless this leaders seem to be.
Those figures the Ruto's regime is plastering around looks like they were cooked.
1000 youth Kenyans while one company I know has given redundancy to over 1000 workers. Kwendeni huko
You see the problem with this people when they see us walking with sufuria the revolve on thing that we need unga these political class will never understand the common mwananchi
"Eti what's the outcome in terms of productivity...?"😂
RUTO MUST GO 🇰🇪✊
Puppets people of hand outs,chuma upuuzi
Kenya kwisha 😮
Kk is always dilusional
yes unga has gone down but do people have the money to buy the unga at that lower price if they have no money in their pockets
We are speaking about cement, and construction and the deputy sijui what is including fertilizer subsidy, its very to defend the government.
Its one thing to speak and another to speak the truth, on groubnd there are either no such projects or stalled projects. It's shameful how grown ups can publicly lie to the whole nation. The manner in which questions are answered here you don't need to visit the sites to believe that actually they are lying.
National shame
Mmeshindwa na kazi, endeni home, somebody else will do it
Ooooh Gabriel, your reasoning is so off, this topic for sure is not your forte..
When we came in for 5 years?
Wajiinga waliisha
Sam uko na ujinga sana,, unapinga kila kitu , övyo wewe
Wonders will never end. Between Sam and you who is stupid.
Such a failure
Nonsense
I can't hear this rubbish
@@elnorahmjomb1896 You can't hear anything that does not validate your bubble of propaganda and negativity