Keynes famously predicted we'd be working much less by now due to increased productivity, but that hasn't happened yet and probably never will for the same reason we still have to work five days a week.
Is there any real evidence of this that's not from conservative talk radio?
It's amazing how workers, who got fired by the hundreds of thousands, voluntarily gave up pensions only to lose their jobs, dealt with numerous health issues and cancers working in horrible conditions, even in modern times, and still get blamed.
Yeah.. and if it weren't for unions most of us would've been working from the age of 7 or so in a country with no safety regulations. Imagine how competitive those businesses would be though, oh boy! Sorry if the unions in your particular area/industry don't live up to your expectations, but unions have done far more good than bad, and it's been over a lot longer than decades.
Probably because any gain we're getting from productivity is being equally erased by inflation. Imagine if gas cost $.35, like it did in the mid 60s. You'd only need to work a few days to have enough gas for the entire year.
That's not how inflation works. Gains in productivity (e.g. better technology) aren't wiped out by changes in the nominal value of currency.
Rather, gains in productivity could be countered by increases in the standard of living. But, since the first world standard of living has been "good enough" since the 1950s, the increases in productivity have instead fed the ever-increasing wealth divide in first world nations.
