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On Wed, 10 Jul 2024 18:22:26 -0000 (UTC)
RJH <patchmoney@gmx.com> wrote:
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Not sure that holds on a number of levels - technology was supposed
to result in a 3 day week and prosperity for all when I was growing
up in the 60s.
And I've just come across Jevons paradox while studying retrofit. The
notion that as technology increases efficiency and reduces cost, a
sort of dumb reaction happens, where people tend to consume more -
'leave the heating on - it's an ASHP and hardly using any
electricity' type of thing. Apparently it's quite common in energy
efficient homes.
That's one factor, another is the enormous increase in regulations
since the Sixties. Not only is government much larger, but private
businesses must employ or hire accountants, compliance officers and
other lawyers to keep the directors out of jail. The work force has
to a large degree shifted from productive work to non-productive work.
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