2 ms·
My under-informed perception is that the UK is suffering from an overall productivity crisis, having prioritized other things for the last decade. This resulti
by Nifty3929 4y ago
My under-informed perception is that the UK is suffering from an overall productivity crisis, having prioritized other things for the last decade.
This resulting in inflation and a weakening of the pound, and with a lower quality of life on average than they would have otherwise.
When people produce less, then there is obviously less to go around. Will these folks produce as much in 4 days as 5? Maybe, I guess we'll see. Maybe they'll produce MORE. But unless they do, or find something economically productive to do with their extra time, the UK will have less as a result.
Will the farmers work less? How about those in the energy sector? Or medicine? Or construction?
I'll be happy to hear from people with better information who can corroborate or refute my perception.
- lmm 4y ago> This resulting in inflation and a weakening of the pound, and with a lower quality of life on average than they would have otherwise. > When people produce less, then there is obviously less to go around. Will these folks produce as much in 4 days as 5? Maybe, I guess we'll see. Maybe they'll produce MORE. But unless they do, or find something economically productive to do with their extra time, the UK will have less as a result. Well, these people are pretty much guaranteed to get better quality of life immediately. Will that come at a cost in production? Maybe. But piling on more work hours hasn't worked. > Will the farmers work less? How about those in the energy sector? Or medicine? Or construction? I sure hope so. The UK has more farmers than reasonable, working tiny farms, propped up by subsidies. Medicine loses far more to the mistakes caused by overlong working hours than it gains from those hours, and I wouldn't be surprised if energy or construction was the same.