If we had eight-hour workdays a century ago, we wouldn’t have been able to support the standard of living expected a century ago. I’m not sure we could have even supported living. The same applies to full unemployment. We may someday reach a point where we are productive enough that we can accomplish all we need when we just do it for fun, but if we try that now, we’ll all starve.
On January 5, 1914, the Ford Motor Company took the radical step of doubling pay to $5 a day and cut shifts from nine hours to eight, moves that were not popular with rival companies, although seeing the increase in Ford’s productivity, and a significant increase in profit margin (from $30 million to $60 million in two years), most soon followed suit.
The quote seemed to imply we didn’t have them a century ago. Just use two centuries or however long.
My point is that we didn’t stop working as long because we realized it was a good idea. We did because it became a good idea. What we consider normal now is something we could not have instituted a century ago, and attempting to institute now what what will be normal a century from now would be a bad idea.
So, accepting the premise that the ability to support “full unemployment” (aka, people working for reasons other than money) is something that increases over time, and it can’t be supported until the point is reached where it can be supported… how would we recognize when that point has been reached?
If we had eight-hour workdays a century ago, we wouldn’t have been able to support the standard of living expected a century ago. I’m not sure we could have even supported living. The same applies to full unemployment. We may someday reach a point where we are productive enough that we can accomplish all we need when we just do it for fun, but if we try that now, we’ll all starve.
Is that true? (Technically, a century ago was 1912.)
Wikipedia on the eight-hour day:
The quote seemed to imply we didn’t have them a century ago. Just use two centuries or however long.
My point is that we didn’t stop working as long because we realized it was a good idea. We did because it became a good idea. What we consider normal now is something we could not have instituted a century ago, and attempting to institute now what what will be normal a century from now would be a bad idea.
So, accepting the premise that the ability to support “full unemployment” (aka, people working for reasons other than money) is something that increases over time, and it can’t be supported until the point is reached where it can be supported… how would we recognize when that point has been reached?