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We're already there. Productivity has increased manyfold since then. The dividends primarily go to those with the capital, not the ones producing the labor.
by zeroer 10y ago
We're already there. Productivity has increased manyfold since then. The dividends primarily go to those with the capital, not the ones producing the labor. What gains do go to the labor force are spent buying bigger nicer houses and things rather than working fewer hours.
If you want to work less, you can do it now, but it requires sacrifice in the sense that you'll lead a lifestyle closer to that of the 50's or 60's. Head over /r/financialindependence.
- grecy 10y ago> If you want to work less, you can do it now Thanks, I'm already doing it. I quit my Software Engineering job to drive 40,000miles from Alaska to Argentina over two years. Now a few years later I've quit again and will drive 80,000 miles around Africa for the next 2 years. I'm in West Africa now.[1] The number one question I get asked is how can I afford to do that, so I wrote an eBook "Work Less to Live Your Dreams" - http://amzn.to/2huxZjZ http://amzn.to/2huxZjZ [1] http://theroadchoseme.com http://theroadchoseme.com is my website, and I'm posting updates to http://facebook.com/theroadchoseme/ http://facebook.com/theroadchoseme/ and https://www.instagram.com/theroadchoseme/ https://www.instagram.com/theroadchoseme/
- shostack 10y agoI'm sorry, I must have missed the memo on how to buy that bigger nicer house thanks to the housing market being as it is. I don't think people have been upgrading their lives in the areas you claim. Many are happy to have a job but are falling behind as cost of living increases. You are right though about where the majority of gains have gone though.
- zeroer 10y agoHave you actually seen typical houses that people lived in in the 1950s?
- shostack 10y agoYes, been living in one for a few years now. Desired house size has gone up quite a bit in many parts of the country. Unlike the Bay Area where there simply isn't room for it, and the tear down rate is not fast enough.