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
Pages
- Jobs, Liberty and the Bottom Line
- Time on the Ledger: Social Accounting for the “Goo...
- Intermediate Goods and Duplication
- The Long Term Problem of Full Employment
- The Source and Remedy of the National Difficulties...
- Grundrisse: "Capital (like property) rests on prod...
- Economic and Philosophical Manuscripts of 1844: "W...
- McCulloch on Combination Laws
- Submission to the White House Task Force on Middle...
- Thinking Along the Right Lines
- The Problem with "The Problem of Social Cost"
- State and Prospects of Manufactures
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