Good economy? Or bad economy?

By
Real Estate Agent with Realty One Group # S.0190863

I remember a speech by Paul Zane Pilzer back in 1993. He was speaking about how people misread the economy. He used the example of fishermen.

 

Let’s say you have an island and the island has 20 fishermen. Now someone invents the net. Now, instead of catching one fish at a time, you can catch dozens at a time. So at this point, the island only needs 2 fishermen instead of 20.

 

Pessimists see that as 90% unemployment. Optimists see something different. You see, now those other 18 fishermen can develop other skills that the island needs. Carpenters, roofers, farmers, teachers. In the end, the island actually has more prosperity as they have growth in so many areas. Areas that could not grow because everyone was needed to fish.

 

The fishermen? The 2 that still fish, they pay former fishermen to do carpentry work or to teach their kids – they pay them with the fish they catch. Those that become farmers trade their crops for fish as well.

 

The economy can be a tricky thing. Someone can spin it as a 90% loss, and on the other hand someone can spin it as a 50% overall gain. I guess that is why it is said, “What the nation needs is a good one-handed economist”.

 

Comments (27)

Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Rocky -there is certainly no shortage of spinners all over.  Sometimes it is difficult to read the truth.

May 05, 2021 06:24 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Rocky Dickerson I totally understand this conundrum, Rocky. Sometimes, clients ask me for my opinion and I have to tell them upfront that I could argue both sides of the issue equally well.

May 05, 2021 06:28 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Good morning Kat Palmiotti! Yes, you must take advantage of the opportunities

May 05, 2021 06:35 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Good morning Grant Schneider You are so right sir. There is no shortage of all of Spinners:

May 05, 2021 06:37 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Good morning Nina Hollander, Broker isn't that right? Like the old Lincoln story in court.

May 05, 2021 06:37 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

There are many job opportunities in our area as the economy rebounds from the months of the pandemic.

May 05, 2021 06:45 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Good morning Roy! Yes many opportunities exist in this unique time.

May 05, 2021 06:48 AM
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

Just proves there will always be winners and losers Rocky, and there are othere opportunities out there.

May 05, 2021 06:56 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Rocky, it could go either way depending on how you look at the economy.

May 05, 2021 07:46 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Good morning Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 yes, there are always opportunities

May 05, 2021 07:56 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Good morning Joan Cox which is exactly why we need a good one handed economist

May 05, 2021 07:57 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Rocky, this has work for so many in the pass and things seem to work out for areas that expand in the long run.

 

May 05, 2021 08:41 AM
Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

In a good economy everyone has their job and all benefit from the goods and services that are exchanged.

May 05, 2021 12:09 PM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Hey there Will. Not sure I follow. Has Siri been drinking?

May 05, 2021 04:05 PM
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Rocky- Love the analogy. Or, someone could come along and pay the 18 fishermen not to fish thus giving them no incentive to try other skills. I'd prefer to think that your scenario would work.  

May 05, 2021 04:05 PM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Hey there Ed! And in a great economy, new training leads to greater opportunities

May 05, 2021 04:05 PM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Rocky you got to know how to follow the cheese in order to survive.

May 05, 2021 05:23 PM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Rocky Dickerson - A lot of great comments here.  There were many I could agree with wholeheartedly but I really enjoyed Nina Hollander, Broker comment.  It is so true.

Also...everybody has an opinion and everybody's opinion should be respected even if we do not agree with it.  

May 05, 2021 05:43 PM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Hey there George Souto ! Or perhaps become the baker that makes the foccacia

May 05, 2021 09:00 PM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Hello there Sheri Sperry - MCNE® ! Yes there can be many views of the same point

May 05, 2021 09:01 PM