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> Wait wasn't capitalism supposed to bring us less work hours and less overall working years ? No, that was labor unions and the government. https://www.npr.or
by shrimp_emoji 3y ago
> Wait wasn't capitalism supposed to bring us less work hours and less overall working years ?
No, that was labor unions and the government. https://www.npr.org/2021/11/05/1052968060/how-the-40-hour-work-week-became-the-norm https://www.npr.org/2021/11/05/1052968060/how-the-40-hour-wo...
The market has no rational incentive to pay people the same for less work or to keep paying superfluous workers as automation evolves.
At the end of that article, an economist is quoted as speculating that the rise in productivity would decimate the hours we need to work, but that makes no sense when you think about it. If I can get yesteryear's daily productivity in a minute, why would I, holding yesteryear's productivity as a constant, decide that I and my employees should only for 1 minute? Why not just work for a day and reap in the TONS of extra productivity, especially considering competitors might be doing that? The only way it works is if the government forced everyone to.