by Emrys Westacott

In 1930 the economist John Maynard Keynes predicted that increases in productivity due to technological progress would lead within a century to most people enjoying much more leisure. He believed that by 2030 the average working week would be around fifteen hours. Eighty-four years later, it doesn't look like this prediction will come true. Most full-time workers work two, three, or four times, that: and many part-time workers would work more hours if they could since they need the money.

So why haven't we come closer to realizing the expectations of Russell and Keynes? In their recent book, How Much Is Enough? Money and the Good Life (Other Press, 2012), Robert and Edward Skidelsky offer an interesting answer. According to them Keynes' mistake was his failure to realize that capitalism has unleashed forces that can't be brought under control. Specifically, it has greatly inflamed a natural human desire for recognition and status, turning it into an insatiable desire for ever more wealth—wealth being the number one determinant of status in our society. If we could just settle for a modest level of comfort, we could work far less. But the yearning for more wealth and more stuff now leads people to spend far more time working than they need to. The same insatiability characterizes our society as a whole. Every politician and most economists take for granted that we should be striving with all our might to achieve economic growth without limit. The wisdom of this relentless, endless pursuit of economic growth is rarely questioned.

The Skidelskys' explanation of why we still work much more than Keynes predicted isn't entirely wrong, but I don't think it's the whole story or even the most important part. It's no doubt true of some people that they are driven to work more than they need to by insatiable greed. But I suspect that far more people work the hours they do because of circumstances beyond their control. For instance, many people work long hours simply because their hourly wage is quite low, so they work overtime, or perhaps take a second job, just in order to have enough to live on. Some live in expensive metropolitan areas like Boston or San Francisco, so even though they make a good wage, they actually need a full time job even to secure a fairly modest level of comfort, given the cost of housing. Many people keep working full time, even though they'd like to retire or go part time, because only a full time job will provide indispensible benefits like health insurance and a pension. And lots of people would like to cut back the hours they work but can't for a simple reason: their boss won't let them.

But there's also another factor preventing us from achieving a more leisured and balanced lifestyle, and that is the intensely competitive social environment in which we live.

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