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As goods are produced more efficiently, they become less expensive to purchase for the consumer. As efficiency increases, then, workers have to work less. The
by jobeirne 15y ago
As goods are produced more efficiently, they become less expensive to purchase for the consumer. As efficiency increases, then, workers have to work less.
The amount that Americans have worked per week has dropped almost monotonically (http://eh.net/encyclopedia/article/whaples.work.hours.us http://eh.net/encyclopedia/article/whaples.work.hours.us) since the mid eighteen-hundreds. The end goal is that we all don't have to work so much; maybe some of us not at all.
In short, an economy should pursue the most efficient strategy for manufacturing and delivering goods, and that happens (mostly) through the price system.
- deleted 15y ago[deleted]