| ▲ | snarf21 14 hours ago | ||||||||||||||||
This is why Keynes' prediction "... that technological progress and rising productivity would lead to a 15-hour workweek (about 3 hours a day) by the year 2030." was so wrong. He couldn't imaging the increase in our demand for standard of living which has becomes a hamster wheel. He just saw that we'd no longer need to grow our own food or collect water or chop wood to stay warm or hand wash clothes or any of the other huge labor needs of the previous century. | |||||||||||||||||
| ▲ | metabagel 13 hours ago | parent | next [-] | ||||||||||||||||
I would work fewer hours/days if I could. Employers mostly don't like this. Also, working fewer hours could affect my ability to obtain health insurance in the U.S. | |||||||||||||||||
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| ▲ | master_crab 13 hours ago | parent | prev | next [-] | ||||||||||||||||
He was wrong but not necessarily for this reason. If anything, it’s many of the basics that have become more expensive. Housing and education are far more expensive today then 100 years ago (as a share of average salary). And some essentials like health care, while more effective today, definitely absorbs a much higher share of people’s wallets (and the nation’s GDP). | |||||||||||||||||
| ▲ | proneb1rd 12 hours ago | parent | prev | next [-] | ||||||||||||||||
Totally. If business can ship more in less time. They won’t stop at 15-hour, they will keep shipping more because competition and hamster wheel. In fact, I feel like the amount of work is actually increasing too… | |||||||||||||||||
| ▲ | hdgvhicv 13 hours ago | parent | prev [-] | ||||||||||||||||
Keynes lived less than a century ago when people did it grow their own food, they lived in New York tenements | |||||||||||||||||