3 ms·

This is what Keynes predicted might happen - https://onlinelibrary.wiley.com/doi/full/10.1111/ecca.12439#:~:text=Keynes https://onlinelibrary.wiley.com/doi/full

This is what Keynes predicted might happen - https://onlinelibrary.wiley.com/doi/full/10.1111/ecca.12439#:~:text=Keynes https://onlinelibrary.wiley.com/doi/full/10.1111/ecca.12439#... That article notes most people can't make enough money from 15 hours of work to save up for retirement. I also wonder if "leisure" has to be redefined, since work and life blend so much online. What does 15 hours of work really mean in a knowledge work job?

throwaway-123b 3y ago
For me and I think in the past leisure did not mean mindlesly doing something like nothing, it meant time after misery is gone. I see it as working necessary time at work that you likely do not want to do, like at a factory assembly line or farm, hospital, etc. After that, you can stay at work, but do something else, like engineering at that factory or what else there is you would like to do. This mean less working hours, more people could get a job, it is something like work sharing. It would allow older people to work too, since work day will be lower, it is not like old people can't work at all, they can't work as intensivelly. In the end, those who do not work at the moment, still connsume, they just do not produce what they consume. With smaller work day, they will be able to produce. By work here I mean work and firms that produce things related to "misery gone", not all there is. So if someone would like to work himself 16 h/day, ok, but not in those firms.
- theendisney4 3y ago
  If everyone worked from 12 till 100 and the midle half of the population makes 24 hours the under and over aged would have to work 12 or so. 2x6 hours, 3x4 or 4x3 maybe 6x2. You learn much more if you start young and keeping the expertice on the floor longer would also help. If we reserve the younglings earnings for specific purchases productivity would increase even more.
sph 3y ago
And many cannot save enough money for retirement on 40 hour a week either.
- justsomehnguy 3y ago
  I see enough people with way more than 40h/w not being able to save the money.
  - loloquwowndueo 3y ago
    They just need to read mr money moustache.
    - ghaff 3y ago
      While I find a lot of his stuff is a calculated over-the-top schtick, it's also the case that a lot of people overspend on things that are largely luxuries and don't materially improve their quality of life.

throwaway-123b 3y ago

For me and I think in the past leisure did not mean mindlesly doing something like nothing, it meant time after misery is gone. I see it as working necessary time at work that you likely do not want to do, like at a factory assembly line or farm, hospital, etc. After that, you can stay at work, but do something else, like engineering at that factory or what else there is you would like to do. This mean less working hours, more people could get a job, it is something like work sharing. It would allow older people to work too, since work day will be lower, it is not like old people can't work at all, they can't work as intensivelly. In the end, those who do not work at the moment, still connsume, they just do not produce what they consume. With smaller work day, they will be able to produce. By work here I mean work and firms that produce things related to "misery gone", not all there is. So if someone would like to work himself 16 h/day, ok, but not in those firms.

theendisney4 3y ago
If everyone worked from 12 till 100 and the midle half of the population makes 24 hours the under and over aged would have to work 12 or so. 2x6 hours, 3x4 or 4x3 maybe 6x2. You learn much more if you start young and keeping the expertice on the floor longer would also help. If we reserve the younglings earnings for specific purchases productivity would increase even more.

sph 3y ago

And many cannot save enough money for retirement on 40 hour a week either.

justsomehnguy 3y ago
I see enough people with way more than 40h/w not being able to save the money.
- loloquwowndueo 3y ago
  They just need to read mr money moustache.
  - ghaff 3y ago
    While I find a lot of his stuff is a calculated over-the-top schtick, it's also the case that a lot of people overspend on things that are largely luxuries and don't materially improve their quality of life.