[eli_gottlieb]

I have begun to wonder why we don't have a regulatory authority, something along the lines of a national central bank but for working hours, dedicated to regulating the work-week. When unemployment and overemployment are low, work hours are kept stable. When there is a chronic over-demand in the economy, the work-week is lengthened. When there is a chronic over-supply in the economy, the work-week is shortened.

First World economies right now have an oversupply problem. Marx predicted the crises of capitalism due to overproduction and under-demand. We don't need a complete socialist revolution to deal with this issue (though I'm somewhat in favor of one), we just need to fine-tune the working week to productivity levels.