If we accept the premise that most of this work is being spent on a zero-sum game of competing for status and land, then it’s a prisoner’s-dilemma situation like doping in competitive sports, and a reasonable solution is some kind of regulation limiting that competition. Mandatory six-week vacations, requirements to close shops during certain hours, and hefty overtime multipliers coupled with generous minimum wages are three examples that occur in the real world.
A market fundamentalist might seek to use tradable caps, as with sulfur dioxide emissions, instead of inflexible regulations. Maybe you’re born with the right to work 1000 hours per year, for example, but you have the right to sell those hours to someone else who wants to work more hours. Retirees and students could support themselves by getting paid for being unemployed, by some coal miner, soldier, or sailor. (Or their employer.) This would allow the (stipulated) zero-sum competition to go on and even allow people to compete by being willing to work more hours, but without increasing the average number of hours worked per person.
If we accept the premise that most of this work is being spent on a zero-sum game of competing for status and land, then it’s a prisoner’s-dilemma situation like doping in competitive sports, and a reasonable solution is some kind of regulation limiting that competition. Mandatory six-week vacations, requirements to close shops during certain hours, and hefty overtime multipliers coupled with generous minimum wages are three examples that occur in the real world.
A market fundamentalist might seek to use tradable caps, as with sulfur dioxide emissions, instead of inflexible regulations. Maybe you’re born with the right to work 1000 hours per year, for example, but you have the right to sell those hours to someone else who wants to work more hours. Retirees and students could support themselves by getting paid for being unemployed, by some coal miner, soldier, or sailor. (Or their employer.) This would allow the (stipulated) zero-sum competition to go on and even allow people to compete by being willing to work more hours, but without increasing the average number of hours worked per person.