4 ms·
"If we all worked 3-hour days" is an imaginary situation that doesn't reflect the fact that a ton of people are immediately going to attempt to outbid each othe
by esotericn 7y ago
"If we all worked 3-hour days" is an imaginary situation that doesn't reflect the fact that a ton of people are immediately going to attempt to outbid each other by working more, though.
Hand waving it away with some sort of "but all the prices would reduce" assumes some sort of co-operative prisoner's dilemma situation.
I would immediately defect, take two jobs, and have twice as much as anyone else. Most people I know would.
- ben_w 7y ago> co-operative prisoner's dilemma situation That’s what governments are for ;) Seriously though, as with so much else in economics and politics, there are many more things that need to be determined than just a nice end-state. That doesn’t mean the nice end state isn’t nice or worth searching for routes towards.