I'm no economist but it seems like competition for housing drives up prices as wages increase. Also, more generally, people's happiness seems to be more correlated with their economic rank in a society, rather than their wealth in absolute terms [1]. So, people want to do better than their neighbors, not just do well.
1. Boyce, Brown & Moore (2010), “Money and Happiness: Rank of Income, Not Income, Affects Life Satisfaction”
jpatten
The simple answer is that we will continue to work this hard as long as some members of society are willing to work this hard. The hardest working participants of the labor market will set the tone of the competition for high-paying jobs.
A typical tech job requires far more than 40 hour work weeks.
Dr_Birdbrain
We work this hard because there's insufficient collective drive to provide for all before the wealthy are allowed to extract.
If 2 people both need something to survive, then collectively the group needs to produce 2 of those things. But if 1 of them demands 1000 of that thing, then collectively they need to produce 1001 of that thing to satisfy the demand.
The problem is that the demand for the extra 999 is given equal weight and competes for production resources vs the 2 that are actually needed instead of explicitly prioritizing the 2 and then letting the 999 come from a secondary pool of post-needs-fulfillment labor. Right now if you produce only the 2, then most of the time the person who only wants the 1 that they need won't get anything at all, and in many cases that means they starve and die.
When the consequence of collectively producing less than the total sum demanded by the wealthy is that some people will then starve and die, that hangs like an inverse sword of damocles over the heads of the poor and middle class, always threatening those who can't just buy their way out into laboring more than would be otherwise needed.
The very obvious to me solution is to structurally prioritize meeting everyone's common needs for food/water, shelter, and medical care first before then satisfying the desires of the rich who want more. That way rich people can still get all their private jets and fancy cars, but they'll need to pay more to convince people that the loss of their leisure time is worthwhile instead of everyone in the underclass living under constant threat for survival.
Capitalism is fundamentally inefficient.
BugsJustFindMe
Productivity gains have mostly gone to the investor class, they’re not only not working but making more for not working than they ever have
an0malous
We live in a money-based economy. Money comes from other people, who don't give it away unless you satisfy them somehow. Those people that want work from you, will take all the work you can perform (up to the limit of labor laws). That's why.
quantified
It's something of a collective action problem even beyond power relations. My motivation to work less than 40h just isn't that high since everyone around me is working 40h too.
Also has to do with demand for savings. The US has a bunch of mostly accidental policies that juice that demand.
barchar
Nobody wants to admit they are having a 15 hour work week with AI, but if in office attendence is any indication, I think many knowledge workers are starting to reduce work hours. It is much easier to do so remotely.
Some are filling hours with more work however it seems like many are not increasing work volume, just quietly reducing the amount of labor.
XenophileJKO
Answer: People are reluctant to live in 2026 the way they did in 1973.
The additional compensation is a statistical artifact that accounts for air conditioning, iPhones, reliable cars that last 20 years, the Internet, etc.
unyttigfjelltol
Because capitalism is a competitive environment, and improvements in efficiency increase the opportunity cost of not working harder.
We aren't competing with workers from 1973, we're competing with other workers leveraging the same accelerated efficiency.
jjcm
Whitney’s cotton gin increased the speed separating cotton fibers from the sticky seeds by 50x. I wonder if labor will experience similar outcomes with the efficiency AI creates?
comments (10)
1. Boyce, Brown & Moore (2010), “Money and Happiness: Rank of Income, Not Income, Affects Life Satisfaction”
jpatten
A typical tech job requires far more than 40 hour work weeks.
Dr_Birdbrain
If 2 people both need something to survive, then collectively the group needs to produce 2 of those things. But if 1 of them demands 1000 of that thing, then collectively they need to produce 1001 of that thing to satisfy the demand.
The problem is that the demand for the extra 999 is given equal weight and competes for production resources vs the 2 that are actually needed instead of explicitly prioritizing the 2 and then letting the 999 come from a secondary pool of post-needs-fulfillment labor. Right now if you produce only the 2, then most of the time the person who only wants the 1 that they need won't get anything at all, and in many cases that means they starve and die.
When the consequence of collectively producing less than the total sum demanded by the wealthy is that some people will then starve and die, that hangs like an inverse sword of damocles over the heads of the poor and middle class, always threatening those who can't just buy their way out into laboring more than would be otherwise needed.
The very obvious to me solution is to structurally prioritize meeting everyone's common needs for food/water, shelter, and medical care first before then satisfying the desires of the rich who want more. That way rich people can still get all their private jets and fancy cars, but they'll need to pay more to convince people that the loss of their leisure time is worthwhile instead of everyone in the underclass living under constant threat for survival.
Capitalism is fundamentally inefficient.
BugsJustFindMe
an0malous
quantified
Also has to do with demand for savings. The US has a bunch of mostly accidental policies that juice that demand.
barchar
Some are filling hours with more work however it seems like many are not increasing work volume, just quietly reducing the amount of labor.
XenophileJKO
The additional compensation is a statistical artifact that accounts for air conditioning, iPhones, reliable cars that last 20 years, the Internet, etc.
unyttigfjelltol
We aren't competing with workers from 1973, we're competing with other workers leveraging the same accelerated efficiency.
jjcm
dataviz1000