The elephant in the room is that all of those housekeeping tasks used to generally be done during the week by a second householder. So what happened?! Rather than double income households actually resulting in getting ahead, economic feedback simply made it the new normal!
Similar destruction of economic progress happened when Walmart (et al) gutted local business - a lot of high-margin employers went away, yet prices weren't allowed to go down. So rather than local economies' costs at least going down along with their pay, they only got the downside.
Taking into account women entering the workforce plus general technological progress, "full time employment" these days should be under 15 hours per week!
I downvoted you because of this extraordinary claim. If you're going to make a claim like this you need to provide evidence. Not only that but the government doesn't even have direct control of property values and indirect control is at the local level.
https://www.federalreserve.gov/faqs/economy_14400.htm
The main goal of inflationary monetary policy is the shameless "maximum employment". Since the cost of manufactured goods will not go down (technological progress and fundamental economic optimization), in order for CPE to continue to rise then some other component must go up. The closest consumers get to new money creation is taking out loans for housing, therefore the price of housing goes up.
Edit: I very much hope I'm wrong. I do see a danger of a future where a small percentage of people work long hours and everyone else is unemployed.
Only very poorly run ones with crappy per-hour productivity.
Still means a longer job search, but it's definitely possible.
Key trick: ask for shorter workweek only _after_ you have the job offer. That way they don't just filter you out in advance, and they're already in a mental state of wanting you.
I've negotiated for shorter workweek at three jobs so far, and did it this way at last two. And people who have read my book on negotiating a 3-day weekend (https://codewithoutrules.com/3dayweekend/) or that I've interviewed about their independent experience doing this (https://codewithoutrules.com/2018/01/08/part-time-programmer...) have done it as well.
But the reality is that being constantly tired is unproductive and having 50% more time off is huge.
Or do as I'm striving to do and work 5 days a week for less and less of the year. I aim for 35 weeks, basically 2/3 on, 1/3 off. And then I find when I consult for 2 or 4 more weeks it's like a bonus.
It also allows you to work a little harder on Fridays when there's a tanigble endpoint.
Once you have the money to cushion the blow, you can start pushing back on demands for your time with a lot more confidence. A thing I've personally found is that my employer just wants results and things done on time and when needed. They don't particularly care how much time I'm physically in the office working.
Is it actually true to say there is an market equilibrium at 40 hours? I'm no expert, but 40h seems heavily reinforced by regulation (FLSA comes up on search). Without government intervention, I'd not see much stopping a race to the bottom, at least for a significant part of the job market.
I wonder if less wealth inequality would give more leverage to the average citizen, enough so that this additional bargaining power would make a significant difference on the job market. Influences like that might explain the systems trends over longer time periods...
You can. Anyone that says you can't hasn't tried hard enough.
Ask your boss. Tell them you want a better work-life balance, tell them it's really important to you and that it's something you will prioritize. Work 4 days a week and get 4/5th of the pay. Step down to 3 days a week later.
If your boss won't come at it, find one that will. Your time is so much more important than more money.
Its worth noting that “tried hard” isn’t a good description of the things necessary. You need to creatively manoever into a position to do so and you need to know how to do that.
It’s really nice. That’s an errand day, or sometimes hang out with friends day, and sometimes just a sleep in lazy day.
Does 10% less pay (more like 8% less after taxes) affect me? No, not really.
But if you want to do a lot of things beside work, 3 days is best.
It’s also a bit dependent on life situation. When I left university I was perfectly good with 3/5ths salary, but now with a family to support that would be hard.
I know it's not trivial, but it can't be impossible either. I doubt he would starve if he got a part-time dev job (are those easy to find? I have no idea). I agree wholeheartedly with all that he said. I think a life of work-home-work without breathing is almost meaningless unless you can have possibly unreasonable amounts of fun and freedom in the job (few if any industries allow/demand this kind of work). Indeed if a job allows for fun and freedom markets will usually exploit this advantage to try and push you to work even more (if you let them of course).
I'm still a student but I'll certainly look for a job that's either totally fulfilling (rare) or allows as much freedom as possible while maintaining a reasonable lifestyle and quality of life.