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Comment by somenameforme

Yip, the famous example here being John Maynard Keynes, of Keynesian economics. [1] He predicted a 15 hour work week following productivity gains that we have long since surpassed. And not only did he think we'd have a 15 hour work week, he felt that it'd be mostly voluntary - with people working that much only to give themselves a sense of purpose and accomplishment.

Instead our productivity went way above anything he could imagine, yet there was no radical shift in labor. We just instead started making billionaires by the thousand, and soon enough we can add trillionaires. He underestimated how many people were willing to designate the pursuit of wealth as the meaning of life itself.

[1] - https://en.wikipedia.org/wiki/Keynesian_economics

parent somenameforme 11 months ago

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