Sunday, April 8, 2012

A Statistical Science Fiction: further thoughts on the use of machines

Imagine a six-hour day and a three-day week with six months annual vacation. Now consider that such a condition could be projected from trends that appeared relatively stable in the 1960s and 70s. And if the projection of those trends seems preposterous, recall that GDP and productivity growth over the last half-century exceeded levels that could have made such a transition feasible.

We could be enjoying a better standard of living -- the same material prosperity but with more free time to spend it in -- less congestion, less pollution and 30 percent less energy consumption. What's wrong with this picture?

Further Thoughts on the Use of Machines

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