Design by Hailey Kim. In 1930, John Maynard Keynes, often called the “father of macroeconomics,” predicted that in the next century, people’s increased ability to meet their basic needs would lower the average work week to 15 hours. He could not have been more wrong. Although Americans today work relatively fewer hours than their parents did, they still work hundreds of hours more per day than adults in other developed countries.
The computer and internet boom of the 1990s was followed by increased consumer spending, not by people opting for more leisure. Efficiency improvements, which could have been used to […]
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