Machines are doing more and more,
producing more and more. Why aren't people working less and less? What
did the futurists get wrong?
The chief thing that they got wrong was where the benefits of productivity increases were going to go. Some of the benefits have gone to all of us, including, of course, workers, through lower prices. The rest could, conceivably, go to the working population in higher wages or shorter hours, and some benefits of productivity have done so, during certain favorable economic and political periods. But the benefits of productivity can also go to the bottom line, and from thence into the pockets of the owners, or, increasingly, the upper management. Not too surprisingly, the owners or managers think that is exactly where productivity benefits belong. After all, the workers didn't bring those efficient new machines with them in their lunch pails. (The workers did, however, sometimes expend considerable time and effort towards building their own intellectual capital to operate those machines.)
What we are getting is increased inequality income
and wealth. What we are not getting is shorter work weeks
and longer vacations.
Could things be different? Not easily
in a lightly regulated private ownership economy. When unions were
strong, things were a little different, with workers getting a larger
slice of the of the productivity pie. Fewer jobs are now unionized
and unions are weaker.
Worker owned and consumer cooperative
firms have a good record of bringing productivity gains to workers,
but in the US these institutions are rare and endangered. Wages and
hour legislation has historically been a chief means of moving some
of the benefits of productivity from owners to workers. There may be
a little of this at state and local levels. It will not happen in the
national level in the US even though it would have majority support.
In focusing on what would make for
broad human good in world of rapid technical progress, the futurists
missed the question how broadly distributed would be the effective
power to make decisions about such matters as the length of the work
week and the number of vacation days. If we want to move towards
shorter work weeks and longer vacations, we are going to have to
think a little outside the economic/political box.
Yes if the wealth generated by our workers and by our advancements was shared what a wonderful country it would be. Less stress and more time to live.
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