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Back in 1930, the economist John Maynard Keynes predicted that with technological change and improvements in productivity, we’d only be working 15 hours a week by now. But while working hours have declined by 26 percent, most of us still average 42.5 hours a week, according to Eurostat figures.
One of the things Keynes underestimated is the human desire to compete with our peers – a drive that makes most of us work more than we need to.
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The pandemic has accelerated the move towards automation and artificial intelligence, especially for jobs with high physical proximity – from Amazon developing delivery drones to self-driving cabs. By 2050, 40-50 percent of current jobs will be lost to automation...
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155 reads
Interestingly, areas of the workplace traditionally dominated by women won’t be so easily adopted by AI.future, just differently. Women are still shouldering three-quarters of all unpaid care work and doing 40 percent more household chores according to the ONS. Robots are...
20
191 reads
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Nearly a century ago, British economist John Keynes predicted this generation would only work 15 hours a week.
In 1890, workers worked an average of 60 hours per week. By 1890, the average working hours dropped to 37. However, by the 1970s, the downward trend of working hours had turne...
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