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by dismalaf
15 days ago
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"Less work" is productivity. Economists are absolutely obsessed with it. Now, as far as reducing the hours we work, there's a problem. If we decide to take our productivity gains to work only 20 hours per week, someone else can "undercut" us by working 30. Or 40. And so on. And part of the obsession with job creation is the fact we've taken on so many immigrants who need jobs lest they become a major drag on the economy. Anyhow, if we want to work less, it's almost inevitable it has to come through government regulation. Put a cap on how many hours a job can require. Minimum vacation amounts. Etc... but then how do you deal with entrepreneurs? Or ensure that a single job can provide a decent standard of living even if it's a low productivity job. And so on... |
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The New Deal legislation that standardized the 40 hour week came only after a century of pressure from American workers.