3 ms·
40 hr /week is anyway going to die due to massive lack of jobs. Governments/businesses will get forced to either layoff people or reduce hours. Till now layoffs
by geodel 10y ago
40 hr /week is anyway going to die due to massive lack of jobs. Governments/businesses will get forced to either layoff people or reduce hours. Till now layoffs seems cleaner solution to tackle less work/more productivity scenario. In first world tech sector where where 6 figure dollar salaries are common, less work even with lesser pay may be manageable scenario. For the poorer and heavily populated 3rd world productivity gains will increasingly cause massive rupture in social stability.
Just today I read in India increasing automation is causing either major layoffs or no new jobs in sectors as diverse as mining, banking, IT, manufacturing etc.