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by natalyarostova
2841 days ago
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>where it's in everyone's immediate individual interest to work just a little bit longer, but the end result is that everyone has to work more for the same reward If everyone is working more, more value is being created in total. So it's not zero-sum. You might then say "Yes, sure, but is working more hours to buy more things really better than a culture where we work less and spend more time eating dinner with our families?", which I would agree with, but is more of a cultural comment than an economic comment. |
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That's often false. It's very easy to create negative value, and it becomes easier the less you rest. It's also hard to measure when additional work starts creating negative value, so you can easily end up in a downward spiral of productivity as people compete for not just illusory but counterproductive gains.