2 ms·
All economists predicted that productivity increasing and life quality improving, people will need to work less and less hours. Now (for selected countries) pro
by soco 5y ago
All economists predicted that productivity increasing and life quality improving, people will need to work less and less hours. Now (for selected countries) productivity does indeed increase, quality does indeed improve but this consequence is not only not visible, not only difficult to imagine in many job types, but even raises hefty resistance whenever discussed. There's a disconnection, somewhere.
- mjfl 5y agoIt's called the rising standard of living. Is that not obvious?
- joelbluminator 5y ago> productivity does indeed increase That's debatable. GDP is rising (slowly) but debt is rising faster, this isn't generally good.
- beberlei 5y agoI believe the problem is specialization of "Human capital" as the economists would say. I can't reference any scientific reseach in this regard. But anacodically, when I as a business owner have gone through the tremendous transaction costs of finding good employees, then its much better for me to employ 3 of them at 40h/week, then 4 of them at 30h/week.