Youtube<\/a>, this experiment, the whole point of which was to not conduct any commercial transaction in the making of the sandwich, was quite the ordeal! ndy George in fact had to make his own bread himself, grow his vegetables, make his cheese, but cheated a bit actually since he was using cooking utensils that, according to the logic, would also have had to be created within the framework of an autocratic economy. The result of this experiment was striking since he needed six months and 1,500 dollars to make his sandwich…when nowadays a few dollars and a few minutes to go to the supermarket are enough to get hold of a sandwich!<\/p>\nIt is therefore precisely the total liberty to trade that allows us this luxury, and many others. In the same line of thinking, an hour of work used to produce ten minutes of artificial light in 1800 and 300 days of light today. One kilowatt of electricity generated every five minutes in our year of 2017 required a whole hour of labour in 1900. A McDonald\u2019s cheeseburger \u2013 that needed 30 minutes of work in 1950 \u2013 is now ready in 3 minutes! And there we have it: economic development and progress reduces manufacturing and production times for the foodstuffs that are necessary to our daily lives. It is by this yardstick that we measure society\u2019s progress.<\/p>\n
But don’t get distressed \u2013 please! \u2013 over the disappearance of certain professions, or the obsolescence of certain lines of work since the current developments are wiping precisely these jobs off the map, jobs that once enslaved whole swathes of workers. \u00c9mile Zola basically wouldn’t know what to write anymore today since the working conditions of 2017 and indeed the years to come are drastically different. The idea of work itself now finds itself being challenged since an economy like ours, based mainly on services, offers dreams and opportunities that were once unimaginable.<\/p>\n
Let us therefore warmly and optimistically welcome the decline of yesteryear’s industrial jobs since \u2013 in the era of robotisation \u2013 they belong to the past, a past that required its share of human flesh, or the \u201chuman beast\u201d as Zola put it. These spectacular gains in productivity benefit all of society \u2013 the rich but also the poor \u2013 via the transmission belt of constantly declining prices. This makes precious gains in time, time that we can now dedicate to activities that we hold dear. Finally, these gains in productivity are streamlining the use of precious resources for our planet and for other activities.<\/p>\n
But let\u2019s go even further in this rationale since this new paradigm also requires a new approach to the idea of work. Why stay fixated on job creation statistics at a time when work is no longer necessarily the be all and end all? While, for all of time, it was obviously necessary to work to live \u2013 and to live better \u2013, it would seem that unemployment and human labour will, in the near future, no longer be an inescapable component of economic policy. Humanity is now reaching such a level of wealth. Progress allows us such a level of comfort. May it become uncouth to dawdle on a now-outmoded idea of work, and one that hinders progress. Let us accept this destruction that is already turning out be a fertile creator.<\/p>\n","protected":false},"excerpt":{"rendered":"
Trade and, more generally, cross-border transactions between nations have considerably improved our living conditions. But what would we do without trade? In other words, if we had to do everything ourselves without calling on other lines of work, other companies and other nations offering specialisations that are barely available in our country? One experiment on…<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"give_campaign_id":0,"_crdt_document":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"mc4wp_mailchimp_campaign":[],"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[648941260,648941307],"tags":[],"class_list":["post-13766","post","type-post","status-publish","format-standard","hentry","category-productivity","category-work"],"yoast_head":"\n
Is work still valuable? Does it still have value? - Michel Santi<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/michelsanti.fr\/en\/productivity\/is-work-still-valuable-does-it-still-have-value\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is work still valuable? Does it still have value? - Michel Santi\" \/>\n<meta property=\"og:description\" content=\"Trade and, more generally, cross-border transactions between nations have considerably improved our living conditions. But what would we do without trade? In other words, if we had to do everything ourselves without calling on other lines of work, other companies and other nations offering specialisations that are barely available in our country? 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And why do the right and left \u2013 in all Western countries \u2013 appear to be applying the same economic policy, with only a few cosmetic nuances in difference? Where are the contentions of old that we used to have and which would pit\u2026","rel":"","context":"In "Central Banks"","block_context":{"text":"Central Banks","link":"https:\/\/michelsanti.fr\/en\/category\/central-banks"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":21015,"url":"https:\/\/michelsanti.fr\/en\/capitalism\/my-economic-testament","url_meta":{"origin":13766,"position":4},"title":"My economic testament","author":"Michel Santi","date":"November 10, 2020","format":false,"excerpt":"\u00a0 In my book, Le testament d\u2019un \u00e9conomiste d\u00e9sabus\u00e9 [Testament of a disillusioned economist], that is in fact a glossary of economies in crisis, you will not find under the letter C the term \u2018Coronavirus\u2019, nor the economic and social consequences of this health crisis or of its management by\u2026","rel":"","context":"In "capitalism"","block_context":{"text":"capitalism","link":"https:\/\/michelsanti.fr\/en\/category\/capitalism"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2020\/11\/Le-testament.jpg?fit=500%2C709&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":13767,"url":"https:\/\/michelsanti.fr\/en\/neoliberalism\/hyman-minsky-the-clairvoyant-black-sheep","url_meta":{"origin":13766,"position":5},"title":"Hyman Minsky, the clairvoyant black sheep","author":"Michel Santi","date":"October 17, 2017","format":false,"excerpt":"Deceased in 1996, Hyman Minsky was an economist who was barely known at all during his lifetime. 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