Comment Workweek History From 1860 to !940 (Score 2) 62
I've posted this several times before. The workweek can be modeled as two linear equations based on rate of production vs rate of consumption. But you can also see the equations empirically -
https://www.scry.llc/2024/12/2...
"During the first post-Civil war depression (1873-1878), jobs bifurcated into two categories - "new technology" skilled jobs and existing "unskilled" jobs. The new jobs were lucrative enough that employers tended towards a 48-hour workweek for about twenty years, then the 60-hour jobs fell to 48 hours during the 1890s.
During the Great Depression, 25% unemployment was eventually solved by government legislation - a mandatory 40 hour workweek and child labor laws."
Both depressions were the culmination of long-term technology booms. It's likely that we're near a third.
https://www.scry.llc/2025/09/1...
"Assume the declining cost of information (COI) has driven economic activity for fifty years. Then the stagnation or increase of COI could be disasterous for the economy. The preceding graph shows an inflection point in Internet user growth, implying that Internet growth is slowing and will soon stagnate."