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> Productivity has risen to the point that the world simply has too many people to meaningfully employ them all. This is only a problem because the increase in
by namaria 2y ago
> Productivity has risen to the point that the world simply has too many people to meaningfully employ them all.
This is only a problem because the increase in productivity is captured by corporations. If people were paid accordingly, they could autonomously decide to work fewer hours and everyone would be able to put in the 10-20h/week. Keynes foresaw it nearly 100 years ago.
- piyuv 2y agoPretty sure Keynes did not oversee human greed being this enormous
- mensetmanusman 2y agoHuman greed knows no bound, surprised it wasn’t factored.
- pjc50 2y agoMarx (and Adam Smith!) did. I'm sure you can find something in the writings of Keynes if you look.
- euroderf 2y agoDial the standard workweek back to 32 hours. Adjust the minimum wage accordingly. A wave of new automation. Dial the standard workweek back to 2x hours. Adjust the minimum wage accordingly. A wave of new automation. Lather, rinse, repeat. Expect it to converge towards a value, but a value that monotonically decreases over time.
- bankcust08385 2y agoCorporations are legal fictions. The large owners of megacorporations are the problem, along with corporate personhood.