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RE: Productivity and the Workweek

in #money6 years ago

Would that really be to produce the same standard of living, or just accomplish the same productivity output?

Or is it saying that the standard of living was so poor in 1950, that a person who works a fraction of the time today can achieve that same standard?

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Ya, technically just the same productivity output. I guess you'd have to define what the standard of living is that you're comparing to in order to fully quantify this.

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