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Hendrick Lee
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Professor Sutton, while I agree with the stated problem of overworking employees in today's culture, the scaling back of work for higher employment is problematic as it assumes a zero-sum game economy.
Reducing productivity, like breaking windows does not increase the amount of total available work. By working longer hours, the engineers produce more value for the companies which in turn allows them to invest that value or consume.
source:
http://en.wikipedia.org/wiki/Lump_of_labour_fallacy
http://en.wikipedia.org/wiki/Broken_window_fallacy
Total Institutions, Productivity, and Unemployment
This isn't an original idea, but it has been gnawing at me lately. As we all know, unemployment in the U.S. remains frighteningly high -- and is worse in many parts of Europe. We still haven't really dug our way out of the meltdown. At the same time, the hours worked by Americans remain incr...
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Jun 4, 2012
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