Matthew Yglesias

@mattyglesias ↗

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Last Checked Jan. 19, 2023

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Mon Sep 05 22:44:41 +0000 2022

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Matthew Yglesias @mattyglesias

For the past 150 years or so we’ve been back on the “take advantage of rising productivity to reduce working hours” bus even in the relatively industrious United States. https://t.co/S1Ib6Emj8o — PolitiTweet.org

Posted Sept. 5, 2022 Hibernated

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Matthew Yglesias @mattyglesias

After the Black Death, wages rose but people adjusted largely by working fewer days so incomes didn’t rise that much. 17th century saw the opposite, small increase in wages led to large gains in income people because people worked more (Industrious Revolution). — PolitiTweet.org

Posted Sept. 5, 2022 Hibernated

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Matthew Yglesias @mattyglesias

One theory is there wasn’t very much to buy in the 14th/15th centuries so once you had enough to eat there wasn’t much reason to toil more in order to get more money. Oceanic trade expanded the set of consumer goods and made people greedier. — PolitiTweet.org

Posted Sept. 5, 2022 Hibernated