“Humankind,” Suzman writes, is apparently “not yet ready to claim its collective pension.” So why haven’t we traded rising incomes for more free time? Good question. This is part of the reason I'm in process of switching to a part-time schedule as a software engineer and parent of 3 young children. "...economists assure us that, in any case, the only long-term solution to global poverty is more economic growth." Whil…
We cannot continue increasing productivity exponentially forever, and likely not for a whole lot longer. We’re already seeing the system collapsing in on itself — the supply chain woes we’re seeing right now are IMO the result of over-optimization over the last 3 decades. Infinite growth assumes there’s an ample workforce. When birth rates are below replacement levels, that’s not a good assumption.
We need to take a mindset of “what is the most productive way to optimize the limited and shrinking resources we have” rather than “how do we keep productivity growing forever”. Otherwise unrest will grow, and it’s a lot easier to smash a broken system than it is to maintain one.