Keynes is right, we should be at around 15 hours per week right now. It's not even a nostradamus prediction, it should have happened. The division of labour, specialization of production and dexterity, and technology has greatly increased productivity.
The answer is globalization, something Keynes didn't think could happen due to diplomacy of his time. So the 'western' world could be at 15 hour weeks but globalization has kept us up high. As these other countries have developed and are starting to industrialize. Pulling people out of poverty and greatly increasing quality of life has been great. It's making us wealthier than ever. We live in a time of abundance.
Shouldn't it be possible to live a life on fewer hours?
https://www.npr.org/2015/08/13/432122637/keynes-predicted-we...
Keynes is right, we should be at around 15 hours per week right now. It's not even a nostradamus prediction, it should have happened. The division of labour, specialization of production and dexterity, and technology has greatly increased productivity.
The answer is globalization, something Keynes didn't think could happen due to diplomacy of his time. So the 'western' world could be at 15 hour weeks but globalization has kept us up high. As these other countries have developed and are starting to industrialize. Pulling people out of poverty and greatly increasing quality of life has been great. It's making us wealthier than ever. We live in a time of abundance.
Shouldn't it be possible to live a life on fewer hours?