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by chiaro
3172 days ago
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>Obviously, the less hours of required work needed, the better for the average worker. This isn't obvious at all. Because of increased capital (skills, knowledge, labor-saving and output-multiplying machinery and technologies) an hour of my work is worth, in real terms, more in a contemporary society than were I to be raised in a h/g society. The net marginal benefit of an additional hour of work is a factor of both this, and the value of leisure time. With the capital, human and otherwise, at most of our disposal, anyone here could subsist on a native polynesian standard of living with considerably less work than a native polynesian. |
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