121–130 of 823 posts
Earlier quoted context omitted.
Right. If I am producing 10x more output then I expect to be getting paid about 8x more or working 8x less.
something something you're paid the amount the market values your work, which in today's job market is an order of magnitude less than the profit you bring the company
Then why have we not all been fired already? Sounds like an instant win.
This article is kind of playful, but I think there’s a serious point here that’s not discussed enough. We’re being asked to usher in huge productivity gains by introducing AI to our workflows, but we’re not asking how does it help us? Not a lot of us stand to directly gain from our employers becoming more productive. I know everybody is afraid of getting fired and replaced with AI or whatever right now. But we should…
Working out why the workweek is 5 days, non-negotiably, even if you'd be willing to be paid less in proportion, comes down to realizing that it's being maximized subject to the constraint that everybody would flip out if it was 6, and then working out why it's being maximized. What it's telling you is that a company would rather have 4 people working 5 days a week than 5 people working 4 days a week. The reason for t…
We think of productivity as linear to the number of employees, but it’s more of Log(N) for knowledge work because of the communication overhead. If your AI spend and employee productivity improvement ends up being proportional to headcount thats a linear gain that used to be Log(N).
I was always partial to the “make Wednesday a second weekend” plan. No more hump day and 2 “Fridays”. Of course that is also 2 “Mondays”
Earlier quoted context omitted.
That's not generally true in the US over the last 40 years, where the gains from productivity increases have been accumulated almost entirely by the top classes. Yes, lower classes have access to many more conveniences then they might have had in earlier decades, but they are working far more hours, and their expected lifespan has started decreasing.
my dad grew up in a house without running water in a town where everyone worked in a mine and the lead was everywhere. he hitchiked to alaska for seasonal work in a fish cannery. Yeah I don't know... i think things are better than they were 40 years ago.
In relative terms, they seem much worse, Americans standing isn’t what it was. In absolute terms, I don’t know. What’s the measure?
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That hasn’t been true for decades in the West, even though per-capita productivity has been steadily rising since WW2.
Are you sure? From the data I’ve seen the bottom decile Americans consume significantly more per capita compared to even 2006. e.g. plane travel was completely absent amongst the bottom decile in 2006, like so close to zero mileage per capita per annum it was a rounding error.
https://www.pewresearch.org/short-reads/2018/08/07/for-most-...
I hate to imagine what this graph looks like today, given the massive amount of inflation that's happened in the last 6 years.
Earlier quoted context omitted.
Working out why the workweek is 5 days, non-negotiably, even if you'd be willing to be paid less in proportion, comes down to realizing that it's being maximized subject to the constraint that everybody would flip out if it was 6, and then working out why it's being maximized. What it's telling you is that a company would rather have 4 people working 5 days a week than 5 people working 4 days a week. The reason for t…
> Working out why the workweek is 5 days, non-negotiably, even if you'd be willing to be paid less in proportion, comes down to realizing that it's being maximized subject to the constraint that everybody would flip out if it was 6, and then working out why it's being maximized. This ignores a lot of historical fighting (sometimes literally!) to get it down to 5 in the first place. If everyone sufficiently "flips out…
The four day work week is a prisoner's dilemma. If everyone did it, then we'd all get a payoff, but if someone defects to a longer work week they tend to get ahead at work. Thus we all do it and thus we all lose. It's funny how underappreciated it is how the five day work week is powered by norms...at least in the US. People assume there are laws about it. The only laws dictate compensation past certain thresholds, a…
If only there were some kind of third party we could all collectively agree to delegate enforcement of cooperation to...
Unless you're imagining congress do something. I want to shoot fireballs from my fingers, but unfortunately we don't live in a world of magic.
The four day work week is a prisoner's dilemma. If everyone did it, then we'd all get a payoff, but if someone defects to a longer work week they tend to get ahead at work. Thus we all do it and thus we all lose. It's funny how underappreciated it is how the five day work week is powered by norms...at least in the US. People assume there are laws about it. The only laws dictate compensation past certain thresholds, a…
By this logic you could get promoted if you worked six day work weeks.
The four day work week is a prisoner's dilemma. If everyone did it, then we'd all get a payoff, but if someone defects to a longer work week they tend to get ahead at work. Thus we all do it and thus we all lose. It's funny how underappreciated it is how the five day work week is powered by norms...at least in the US. People assume there are laws about it. The only laws dictate compensation past certain thresholds, a…
By this logic you could get promoted if you worked six day work weeks.