We Can Work Less, Make More Money and Save the Planet

[xchrom]

http://www.alternet.org/economy/we-can-work-less-make-more-money-and-save-planet



I am greatly pleased to see such interest in CEPR’s recent report on work hours and climate change. All evidence points to the idea that gradually reducing annual labor hours per worker will reduce the amount of climate change with which the world will have to cope. But this does not mean that ordinary workers will have to make a sacrifice. Rather, this is about how workers may choose to enjoy the fruits of increased productivity—if only they are given the chance to share fully in economic progress.

Throughout the 1950s, workers in the United States enjoyed fewer hours of labor than almost every country in Western Europe. On average, an employed American worked 1,909 hours in 1950. Only Sweden—at 1,871 hours—worked less. By contrast, Greeks averaged 2,712 hours that year; the Irish put in 2,753.

Today, workers in Greece are second only to Poland for the longest working hours in all Europe and labored 330 hours longer in 2012 than their American counterparts. However, productivities of these countries have climbed dramatically since 1950 as hours have fallen. In each hour of work in 2012, each American produced 3.2 times as much as in 1950. This allowed workers to build 2.9 times as much in each year— and do so in 200 fewer hours than in 1950. In this way, American workers labored a bit less and still prospered materially.

These same Americans might have enjoyed a little more time off and still produced far more than did workers in 1950. Over those same 62 years, the average French work-year fell by 684 hours and still workers produce 4.7 times as much in a year.

[ananda]

1. FYI - The planet will be just fine.

It's humanity that's at risk.

[HiPointDem]

2. but since bush i believe american workers are working longer, not less.

[Nay]

3. It never has been about ". . . this is about how workers may choose to enjoy the fruits of

increased productivity" -- workers NEVER got to do that, because the powers that be, then and now, decided the extra money belonged to them. Over the past 30 years, workers got squeezed and ripped off by the very people that crowed about how productive the US economy was; they never intended to share, and in fact developed methods to rip ppl off even more (lax lending rules, thus increasing individual debt, etc.).

[redqueen]

4. K&R