The misunderstood 15 hour work week of John Maynard Keynes
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The misunderstood 15 hour workweek of John Maynard KeynesThe promised 15 hour workweek came, but no one noticed it.John Maynard Keynes (1883–1946)In 1930, British economist John Maynard Keynes predicted that technological change and productivity improvements would eventually lead to a 15 hour workweek. But today most of the people still work 40 hours or more per week.So what happened or did something happen?I bet most of you haven’t heard of this prediction before. Why? Well because most people would say that John Maynard Keynes was wrong. Since, when you look around you see that most people are not anywhere close to 15 hour workweek, even 40 hour workweek is seen as luxury, and the reality is being somewhere around 50 hours. Right? No, Wrong.That’s not how to verify a theoryLet’s take an (...)
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