Keynes and the 2 day work week
Keynes said in 1930 that our grandkids would work 2 days a week and have a 5 day weekend. This is a typical flaw in thinking of the brightest minds on the left:
- (a) that people don't value work/being productive or get rewards from it
- (b) that people given more cash won't want to spend it on things and earn still more (some will trade more income for more free time: while many will not).