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Famed economist John Maynard Keynes once predicted that people in progressive/developed countries would be working 15-hour workweeks, as abundance and the power of capitalism would end up providing enough basic needs and lifestyle desires at a level of work that was much less than historically necessary.
He had a vision of the future where one of humanity’s biggest challenges would be how to spend so much leisure time.
While Keynes was right about the living standards in progressive/developed countries increasing dramatically over time, allowing for the possibility of dramatically less work, he failed to account for humanity’s never-ending desire for “more”.
In addition, without a massive “buy in” from employers all over the world, the traditional workweek structure remains largely unchanged, which further limits flexibility for the worker class.
Many people are actually working more than ever.
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