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by lovich
76 days ago
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I remember in college when we got taught that early economists thought capitalism and increasing productivity from innovation would lead to less work and effort needed from people and not more. It must have been nice to be that optimistic and not having to see how it’s actually playing out. |
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Economists typically point to this phenomenon when people talk about the relatively stable working hours over the last 50-60 years. I've seen some of them argue it's an issue of supply/demand, and that if people truly wanted to work less we'd see more of demand for such careers. I think this ignores that retirement/medical benefits are almost exclusively tied to jobs expecting you to work 40 hours a week.