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And as a result we get less productive output, making us all poorer. If you want to argue that making us poorer, but having more leisure is a good thing, go ah
by yummyfajitas 11y ago
And as a result we get less productive output, making us all poorer.
If you want to argue that making us poorer, but having more leisure is a good thing, go ahead. But don't claim the effect is "slight" unless you also consider the great recession to be "slight".
- dllthomas 11y ago"And as a result we get less productive output, making us all poorer." This is not necessarily the case. "Work effort" is not fungible. In the case of tertiary workers, a highschool drop-out working now is probably giving us less productive output over time than had they finished their education.
- nekopa 11y agoAre you really jumping to that conclusion from a single number? Not only that, are you saying that reduced work effort leads to reduced productive output? If I follow your logic, and what the study showed, if I start working at 16, but you go to university, and get a masters degree so do not the start work until you're 25, I have put in more work effort, and you are now making us all poorer.