Poll Context: Amazon is
apparently doing this for all permanent staff.
Personally, I'm torn. Part of me would love this, but I also find it hard to juggle things as it is, particularly around Julie and her chemo-drugs/fasting. I can see it making life harder for some people with kids (or other caring needs) too.
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The problem is that people expect more than they did 30 years ago (as we discussed a few days ago), and some resources are in the kind of rivalrous demand that means that their prices rise fairly constantly with our wealth.
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Well, to some measure of productivity.
The whole point is that you exchange productivity for cash. If you suddenly produce 20% less than you were last week then why would you get as much in exchange for that?
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Increased efficiency means you can do more work in the same amount of time, or the same amount of work in less time. If efficiency is increased - which it consistently is, in general, because of technology - productivity can stay the same or go up while the worker works fewer hours than she currently does.
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The problem is that (a) the prices of some things go up as fast as productivity does and (b) people keep wanting stuff that was better than last year.
If people stop wanting better stuff, and we build a load more houses, then at least some slowing of productivity would work.
As it is, we are getting richer by about 2% per year, so you could cut back on your hours right now if you were happy to go back to a historical standard of living.
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Yeah, I feel like this is the nut of it - the intersecting movements of what (middle-class, I think we're mostly talking about) people feel they 'need', what prices are going sharply down and which are going up. EG I have a lot of things that are both significantly better and significantly cheaper than I did five years ago, especially technology, so it's not that increasing standards of living are necessarily more expensive (again because of increased efficiency). And leisure time is part of living standards too.
What part of history do you mean by 'a historical standard of living'? There's quite a lot of it!
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If you look at wage inflation and RPI you can subtract one from the other for each year and see what the difference is, and then work out how many hours less you could work.
Of course, that's been negative since 2008, so you'd have to work harder to get back to a 2008 standard of living:
http://www.economicshelp.org/blog/6994/economics/uk-wage-growth/
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Are you sure that workers on a five-day week are exactly as efficient as more rested, four-day workers? I'm not, and I've heard the contrary.
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*This was an actual suggestion from a management meeting for a massive multinational which an old boss attended.
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Also, Apple:
http://www.folklore.org/StoryView.py?story=Negative_2000_Lines_Of_Code.txt
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Even then you'd suffer the "someone's paying attention to us" work statistics problem (it improves productivity).
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