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This is a very astute insight on a micro-economic scale. From a macro-economic scale, this is the difference between USA and, for example, French labor laws cr
by zero_intp 9y ago
This is a very astute insight on a micro-economic scale. From a macro-economic scale, this is the difference between USA and, for example, French labor laws creating 40 vs 35/32 hour work weeks.
- yakult 9y agoThat works sort-of when the majority of the population is relatively well-off, though still inefficient. Not so well now with the immigration crisis and change in demographics. The choice to sacrifice wages for more time with your kids is a luxury good, even if people choose to spend some of that time doing housework.