4 ms·
There are a couple of ways of looking at the question of workweeks. One is this, which lends to individual pondering. Could I do as much in half the the me? Wo
by netcan 7y ago
There are a couple of ways of looking at the question of workweeks.
One is this, which lends to individual pondering. Could I do as much in half the the me? Would I still get paid as much? Etc.
Another is systemic. Could society radically cut hours? Would everyone still get paid?
Both really come down to efficiencies, and negotiating who gets rhe returns on these efficiencies.
Imagine, for example, that as omnipotent king you clean up patent law such that identical results are achieved with 1/10 as many lawyers. Let's go ahead and do something similar in contract law. I imagine a god-king could reduce the required admin work by >50% in financial services.
We could also throw in world peace. That makes all military and adjacent industry obsolete.
Other markets do this regularly, often via technology. We need far fewer people that make far more food and clothes, for example.
Some of those efficiencies have gone into making more/better stuff. A little has gone towards reduced work hours. Most of this "spare" capacity,though, has gone into other things... often administrative/white-collar.
It's notable that healthy economies generally have >90% employment as a stable rule. We, as a society, seem to fill out time with work... and in aggregate it doesn't seem related to the amount of work that needs to be done.