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Back in the early-1930s, renowned economist, John Maynard Keynes, predicted that technical innovations and rising productivity would mean that advanced country workers would be able to work only 15 hours a week and still enjoy rising living standards.
Back in 2013, David Graeber achieved international notoriety when he penned a highly amusing, but also somewhat depressing article, explaining why Keynes’ prophecy had not come true and instead many of us find ourselves working a range of meaningless “bullshit jobs” that we hate:
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.