Keynes was half right
In 1930, Keynes predicted his grandchildren would work fifteen-hour weeks. He was right about productive capacity. Output per worker-hour in the US has tripled since 1950. The work week has not shortened. The surplus went somewhere.
We can tell you where....
The experiments that keep succeeding
Finland tried it. 2,000 people, two years. Participants were happier, less stressed, slightly more likely to find work. Parliament did not extend the program.
Stockton tried it. 125 residents, $500 a month....
The janitor and the hedge fund
In 2023, a janitor named Maria Gonzalez in Phoenix worked two full-time jobs and still qualified for Medicaid. She earned $34,000 a year. That same year, the top twenty-five hedge fund managers collectively earned $26.3 billion....