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The leverage paradox

In 1930, the economist John Maynard Keynes predicted that automation and other expressions of technological progress would lead to a 15-hour workweek by the early 21st century.In his essay Economic Possibilities for Our Grandchildren, he wrote:The economic problem may be solved, or be at least within sight of solution, within a hundred years. … Thus for the first time since his creation man will be faced with his real, his permanent problem — how to use his freedom from pressing economic cares, ...

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