Yes, they recognize that leisure is good in the abstract, but when it comes to proposals for “what to do” about the downturn, the implicit, unquestioned assumption is that we must must must get GDP to keep going up, no matter how many make-work projects or useless degrees that involves.
[Didn’t downvote.] This is silly. The ‘leisure’ of unemployment is concentrated on a few, and comes with elevated rates of low status, depression, suicide, divorce, degradation of employability, etc.
That’s a misinterpretation of what I was suggesting as the alternative. Lower output + more leisure doesn’t mean the “leisure” is concentrated entirely in a few workers, making them full-time leisurists who starve. Rather, it means that anyone who wants to work for money would work fewer hours and have a lower level of consumption, not zero consumption.
Furthermore, the lower consumption is only consumption of goods purchased with money; with significant restructuring, labor with predictable demand (like babysitting) can be handled by cooperatives that avoid the need to pay for it out of cash reserves.
I don’t deny that make-work programs allow workers to show off and practice their skills, retaining employability. I criticize economists who miss this benefit. But if you’re going to spend money to get this benefit, you should spend it in a way that directly targets the achievement of this benefit to the workers, rather than on make-work projects that only achieve this benefit as a site effect, and which waste capital goods and distort markets in the process.
That’s a misinterpretation of what I was suggesting as the alternative. Lower output + more leisure doesn’t mean the “leisure” is concentrated entirely in a few workers, making them full-time leisurists who starve. Rather, it means that anyone who wants to work for money would work fewer hours and have a lower level of consumption, not zero consumption.
Unfortunately, in the United States, you really would end up with much more of the former and less of the latter. Europe would be better off, though, thanks to different labor laws; would you suggest that the United States adopt something like France’s maximum 35 hour workweek, or Germany’s subsidies to part-time workers?
Currently, hours worked per week is positively correlated with hourly wages; one person working 80 hours a week usually makes more money than two people who both work 40 hours a week. Also, specifically wanting to do part-time work is a bad signal to employers. It signals that you’re not committed to your job, that you’re probably lazy, and that you’re weird. So, absent government intervention, you probably won’t see people voluntarily reducing their working hours.
[Didn’t downvote.] This is silly. The ‘leisure’ of unemployment is concentrated on a few, and comes with elevated rates of low status, depression, suicide, divorce, degradation of employability, etc.
That’s a misinterpretation of what I was suggesting as the alternative. Lower output + more leisure doesn’t mean the “leisure” is concentrated entirely in a few workers, making them full-time leisurists who starve. Rather, it means that anyone who wants to work for money would work fewer hours and have a lower level of consumption, not zero consumption.
Furthermore, the lower consumption is only consumption of goods purchased with money; with significant restructuring, labor with predictable demand (like babysitting) can be handled by cooperatives that avoid the need to pay for it out of cash reserves.
I don’t deny that make-work programs allow workers to show off and practice their skills, retaining employability. I criticize economists who miss this benefit. But if you’re going to spend money to get this benefit, you should spend it in a way that directly targets the achievement of this benefit to the workers, rather than on make-work projects that only achieve this benefit as a site effect, and which waste capital goods and distort markets in the process.
Unfortunately, in the United States, you really would end up with much more of the former and less of the latter. Europe would be better off, though, thanks to different labor laws; would you suggest that the United States adopt something like France’s maximum 35 hour workweek, or Germany’s subsidies to part-time workers?
Currently, hours worked per week is positively correlated with hourly wages; one person working 80 hours a week usually makes more money than two people who both work 40 hours a week. Also, specifically wanting to do part-time work is a bad signal to employers. It signals that you’re not committed to your job, that you’re probably lazy, and that you’re weird. So, absent government intervention, you probably won’t see people voluntarily reducing their working hours.