It appears we’ve been sold a bill of goods. For the longest time, workers have been told that innovative new technology is going to improve productivity and lead to shorter work weeks and more free time. This story has been told since the advent of the assembly line more than a century ago, through the rise of computers and the internet, and now in connection with AI. And yet, the promised life of leisure never seems to materialize. Why not? Joe and Mark discuss a few possible reasons why Americans don’t cash in their productivity dividend. (Recorded May 19, 2023.)
It appears we’ve been sold a bill of goods. For the longest time, workers have been told that innovative new technology is going to improve productivity and lead to shorter work weeks and more free time. This story has been told since the advent of the assembly line more than a century ago, through the rise of computers and the internet, and now in connection with AI. And yet, the promised life of leisure never seems to materialize. Why not? Joe and Mark discuss a few possible reasons why Americans don’t cash in their productivity dividend. (Recorded May 19, 2023.)