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I don't think that's correct. Leisure isn't much good if it's due to unemployment and you're living at the subsistence level. What you're looking for, is "stan
by ojbyrne 11y ago
I don't think that's correct. Leisure isn't much good if it's due to unemployment and you're living at the subsistence level.
What you're looking for, is "standard of living." And the part they're not really making explicit, is that economists have long accepted as a truism, that the best predictor of "standard of living" is productivity.
- madaxe_again 11y agoSo slaves who are highly productive for fear of their life, or even chattel-workers (I.e. Most folks) who likewise produce for fear of the bread line... They have a high standard of living? I call shenanigans. The best predictor for having a high standard of living is having a high standard of living. Also, define "standard". The most universal standard I can consider is leisure.
- ojbyrne 11y agoI should have added "as a country" in there somewhere. Obviously slaves or chattel workers can raise the average standard of living of a group as a whole, if you include their masters. Assuming that that system of labor is actually "highly productive" which I don't think I agree with.
- deleted 11y ago[deleted]