The dream in the past was that capitalism would bring about a reduction in work hours. Keynes famously looked forward to the day when we would work only 15 hours per week. He thought that rising levels of affluence would lead to a shorter working week and to the liberation of humanity from hard work.

History has proved Keynes wrong as workers have continued to face relatively long hours at work, and the prospects for shorter work hours any time in the future look bleak indeed. In fact, with the squeeze on real wages, the likelihood is that many more workers will be forced to work longer just to make ends meets.

« The dream in the past... »

A quote saved on Feb. 14, 2014.


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