A less consumptive economy

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Written by Michael Renner

In the United States, o­nly about 12 hours of work per week were needed in 2000 to produce as much as 40 hours did in 1950.  In principle, this can translate into either of two objectives:  raising wages  (in line with productivity) while holding working hours constant, or providing greater leisure time while holding income form wages constant.  In practice, it has mostly been the former.  Most people have been locked into a "work-and-spend" pattern. 

Michael Renner, Moving Toward a Less Consumptive Economy, in State of the World 2004, p.113.

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