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by psychometry 4335 days ago
> If automation continues and demand stays the same, things like 3-day work weeks will come about naturally.

That's simply not true, otherwise we wouldn't be working the same hours at the same adjusted wages as we were 50 years ago despite massive gains in productivity.

A company's increased productivity doesn't benefit the workers, it benefits the owners/shareholders. What do you think the typical factory owner will do when a new assembly line component means he only needs 50 out of his 100 line workers? You're pretty naïve if you think he'll let those 100 employees work 20 hours/week now. No, he'll fire 50 of them and let the wages of the remaining employees stagnate at best since there's more competition for their jobs now. Why? because that's what reduces expenses and improves the immediate share price of his company. Economics 101.

1 comments

We are working the same hours as 50 years ago because we want to be able to purchase cell phones and modern cars bad stuff. You could work a lot less and live with 50s level technology, but almost no one chooses to.

Also, if a shareholder makes more money, they buy more, creating new labor requirements elsewhere.

Your first point is true, but it's not the only explanation for why people still work 40 hours a week. My explanation is far more influential.

And your second point is blatantly false. That's the same, tired, rhetoric Republicans have been spewing since Reagan. Owners of companies doing well won't reinvest that into their companies unless there is demand on the consumer side and they don't spend all of that money on consumables like a worker would (since they have to).