But I don’t get it. Wealth doesn’t really increase by working more. For skilled jobs, working longer means you are producing the same output in more time and feel worse. If you want to increase production, you need to invest in research and technology.
Hundreds of years ago, one farmer could feed a hand full of people, today it’s probably thousands, thanks to modern technology. If the farmers back then would work twice as much, they could still only feed a hand full of people, but they would probably die a lot sooner.
He said the same thing a month ago: https://www.spiegel.de/wirtschaft/unternehmer-nicolas-stihl-35-stunden-woche-nicht-mehr-zeitgemaess-a-a69431e3-905a-4c8a-ba45-abdaa6dfceff
But I don’t get it. Wealth doesn’t really increase by working more. For skilled jobs, working longer means you are producing the same output in more time and feel worse. If you want to increase production, you need to invest in research and technology.
Hundreds of years ago, one farmer could feed a hand full of people, today it’s probably thousands, thanks to modern technology. If the farmers back then would work twice as much, they could still only feed a hand full of people, but they would probably die a lot sooner.