Comment by FabHK
7 months ago
> progress slowed down significantly for many reasons
I think progress (in the sense of economic growth) was roughly in line with what Keynes expected. What he didn't expect is that people, instead of getting 10x the living standard with 1/3 the working hours, rather wanted to have 30x the living standard with the same working hours.
It's not really clear where he got this from.
Throughout human history, starting with the spread of agriculture, increased labor efficiency has always led to people consuming more, not to them working less.
Moreover, throughout the 20th century, we saw several periods in different countries when wages rose very rapidly - and this always led to a temporary average increase in hours worked. Because when a worker is told "I'll pay you 50% more" - the answer is usually not "Cool, I can work 30% less", but "Now I'm willing to work 50% more to get 2x of the pay".
> Throughout human history, starting with the spread of agriculture, increased labor efficiency has always led to people consuming more, not to them working less.
Can you give a single example where that happened?
During the industrial revolution it was definitely not what happened. In the late 1700s laborers typically averaged around 80 hours per week. In the 1880s this had decreased to around 60 hours per week. In the 1920s the average was closer to 48 hours per week. By the time Keynes was writing, the 40 hour work week had become standard. Average workweek bottomed out in the mid 1980s in the US and UK at about 37 hours before starting to increase again.
>80 hours per week >60 hours per week
That never was the case (except for short periods after salary increases).
And this is not a question where there could be any speculation: in those days there were already people collecting such statistics, and we have a bunch of diaries describing the actual state of affairs, both from the workers themselves and from those who organized their labor - and everything shows that few people worked more than 50 hours a week on average.
Most likely, the myth about 80 hours a week stems from the fact that such weeks really were common, but it was work in the format of "work a week or two or a month for 80 hours, then a week or two or a month you don't work, spend money, arrange your life"
There is also agriculture, which employed a significant part of the population in the past. There, on average, there was usually even less than 40 hours of productive work, it's just that timing is of great importance there, and there are bottlenecks, and when necessary, you have to work 20 hours a day, which is compensated by periods when the workload is much less than 6 hours a day.
1 reply →