Sign up FAST! Login

Who Stole the Four-Hour Workday?


Stashed in: Awesome, Economics, Robot Jobs, Vice, Basic Income

To save this post, select a stash from drop-down menu or type in a new one:

Living in Silicon Valley I don't think I know anyone who believes there will be "full time jobs" in a few years. But our particular strain of techno-utopianism posits that a few workaholic nerds will do all the meaningful labor, and everyone else will basically just have hobbies with the proceeds from their universal basic income. I suspect that Bernie Sanders and his ilk would prefer this other method of arranging things: we distribute both the work and the consumption more equitably by means of a 4-hour workday standard.

Here is an academic paper on the same topic, by MIT prof David Autor, titled "Why are there still so many jobs?":

http://economics.mit.edu/files/10865

Jobs are like a cartoon character that has run off a cliff but doesn't realize it, so that character is standing in mid-air. 

You May Also Like: