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Everything related to Economics, including its theory, its applications, its anecdotes, its study and its lessons. Please feel free to discuss and debate economic issues and how they impact our life.
Economists Are Obsessed with “Job Creation.” How About Less Work?
submitted 4 years ago by Mnemonic from evonomics.com
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[–]worm 5 insightful - 1 fun5 insightful - 0 fun6 insightful - 0 fun6 insightful - 1 fun - 4 years ago (3 children)
May I suggest that the article's reasoning is fundamentally flawed?
The whole basis of the article is that as we have figured out ways to produce as much with less labour, and that this frees us up to have more free time. It argues that the reason we still labour so much is because we are all engaging in unproductive work.
Where this analysis falls down is on the simple fact that where human productive capacity increases twofold, human greed increases tenfold. As our ability to supply ourselves increased, we began to demand more and more things which our ancestors would have considered frivolous luxuries, and even came to regard such luxuries as being inalienable parts of our life - so much so that they are practically necessities.
The reason we continue to work normal hours is not because of some sort of shambolic work ethic which forces us to put in more hours at work despite producing nothing of value; the reason we continue to work is because our "play ethic" (as the article calls it) demands more work from others to fulfill our ever-increasing demands for goods.
[–]Mnemonic[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 4 years ago (2 children)
That might be true for middle-class and up.
A problem is that low/underpaid jobs somethings set a max on the hours work because of insurance and other things they have to fix for their employers. A normal paid job is mostly a job you can't haggle your time too much are requires you to work around 40+ hours, else you can pack up an someone will take over that will gives those hours.
There aren't many people who have to freedom to choose semi part time hours and not be a burger flipper.
[–]worm 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 0 fun4 insightful - 1 fun - 4 years ago (1 child)
If I might say so, you seem to have missed the larger picture entirely and focused entirely on a single, hypothetical working man and his choices, instead of why those choices exist in the first place.
If you take a look behind the mechanisms for your hypothetical working man, you will discover that the working man is offered 40 hour work weeks because the employer believes that the 40 hour work week will be profitable for him. The employer in turn believes that it would be profitable for him because he believes that there is a sufficient demand for the products he can create, such that he would extract a maximum amount of benefits from the employee should the employee work for 40 hours for him. The demand which drives his confidence is the reason why the employee is able to work 40 hour weeks and is not on part-time work; and the demand, for the most part, is for goods which previous generations would have considered alien luxuries.
If we as a society stop buying all but basic necessities, it would be entirely possible that the luxuries market would grind to a halt and employers would consequently start employing less people on fewer hours to produce such luxuries.
[–]Mnemonic[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 4 years ago (0 children)
I agree on that.
Though this does touch on a kind of 'chicken--egg' scenario for these luxuries goods and the need/want for them. I mean like
if we as a society stop buying all but basic necessities
Could also be:
"f we as a society stop making all but basic necessities"
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[–]worm 5 insightful - 1 fun5 insightful - 0 fun6 insightful - 0 fun6 insightful - 1 fun - (3 children)
[–]Mnemonic[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - (2 children)
[–]worm 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 0 fun4 insightful - 1 fun - (1 child)
[–]Mnemonic[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - (0 children)