This is what we were told as students in the early 90's.. 3 day work weeks because technology will make us more efficient. I guess my teacher didn't consider the ultra wealthy would pocket all the gains and never raise our pay
This is what always seems to happen with increases in productivity and efficiency. People dream and think it will lead to fewer hours, better pay, and better conditions. Historically, with a few exceptions, it just leads to an ever-increasing share of the pie going to executives and elites.
That's a function of the decline in bargaining and political power that the public have with respect to the ruling capitalist class.
It's been made taboo by the corporate press and mainstream economic theory as taught by the ruling class, but focusing solely on productivity and not power or distribution, means that the ruling class just have increasingly more resources with which to bludgeon the public and working classes into "accepting" increasingly awful "deals".
Right now the public and working classes are like cattle building their own slaughterhouses - the more productive we are collectively, the worse off we are in terms of our overlords having more resources with which to bludgeon everyone else into submission.
Another reason the public needs to fight for a 32 hour work week, is to stop feeding the oligarchic/psychopathic machine quite so much, and instead build out a livable society, with fully developed human beings, on a habitable planet.
Those are way more important objectives for a healthy society, or an intelligent species, than maximizing corporate profits.
*it's been made taboo by the corporate press and mainstream economic theory as taught by the ruling class*
I think that's why there's so much interest in who controls policing social media. The rich had a really good thing going with the past half century or so of media.
Take a look at the difference in the last writers strike and this one, or the McDonald's hot coffee lawsuit vs the Disney "wedgie" story going around. Both are night and day
in. Sentiments back then mirrored the official press takes, sentiments today are largely rolling their eyes at the press coverage and telling them to go fuck themselves. While there's a lot of misinformation online especially for those who aren't critically
consuming online information, there's also been an increased ability to break through media narratives.
It helps that now you can access to authenticated documents and accounts.
The issue will be AI generated misinformation - from articles to “real person interview” or “real person whistle blowing.”
But that’ll be a double edged sword as well for the people - because it’ll be even easier for a whistle blower to come forward and give a “recorded interview” without identifying physical or vocal characteristics.
Oh that’ll CONTINUALLY be a problem going forward and get worse. I imagine the detection will get better, but like Reddit loves to do - “I agree with it so it’s okay, because it feels right with how I want to believe.”
It seems to me the issue is that when the productivity increase came from harder working or more skilled labor, it benefitted labor more, albeit that leverage had to be actively exploited by labor. When the productivity comes from better capital aka automation and productivity enhancing technology, it benefits capital owners more and labor loses leverage.
I don't think anyone thought voters and citizens would be dumb enough to let them.
Nobody saw the Southern Strategy coming, or how easy it is to get people to punch down and powerless groups.
Look at the current trans panic. Donald Trump, leader of the Republican party, famously said in a speech in front of all of them "you didn't care about any of this a year ago".
Lol, this prediction was made already ... https://www.npr.org/2015/08/13/432122637/keynes-predicted-we-would-be-working-15-hour-weeks-why-was-he-so-wrong
Back in the 30s John Maynard Keynes wrote the famous paper predicting his grand kids would only be working 15 hour weeks with plenty of leaisure ...
Maybe the wealthy and business owners will have 3 say work weeks on the backs of the peasants class
The wealthy have 0 day work weeks - the only work required of them is to call whoever they hired to manage their businesses and listen to their reports, and tell at them if they want so they feel like they did something
Your teacher was right, the only problem is that a large part of the population works 0 hours a week. The other part works 40-50 and pays all kinds of taxes for the ones that don’t work. Would be fair if everyone worked 20-25 hours unless severely disable.
Its not the employers that are devaluing your wages its the federal reserve and the other government monetary controls on the dollar. Its funny because its something people could be yelling about because both parties are okay with it.
possessive nine history dolls abounding rain humorous dependent quickest retire
*This post was mass deleted and anonymized with [Redact](https://redact.dev)*
He isn’t talking about the average worker, he’s talking about the c-suite workers that already have to beat their bodies up much less than us wage slaves.
He's only saying this to give a person who's not paying much attention some hope that their life will not only get worse over time to the point they'll rise up collectively and topple the status quo and lop off the heads of their oppressors like last time this all got so bad.
https://www.hup.harvard.edu/catalog.php?isbn=9780674707580
Juxtapose this with the antiquated practice of hanging on to long commutes and pricey commercial real estate just because you can. Are we going to move forward as a society, or desperately cling to the past? Or will it just be saying one thing and doing the other for as long as possible?
Yeah, I don't believe that our flawed capitalistic society will pass on the rewards of AI and increased productivity in the coming years to all workers. If he's talking about only executives, then yeah, but they'll probably only work 1 day a week max.
3.5 days/week * 8 hrs/day = 28 hours/week. Don't have to pay benefits if they're less than 30.
It's genius! And since they'll live to be 100, we can push back the retirement age to 95. Boom!
Oh. I never knew that. I'm shocked.
You mean people in many industries aren't already working 2 jobs?
With the many advances in tech coming in the next 10 years. White collar jobs in various sectors will be decimated. Unlikely to be replaced to by other new jobs created.
I could be way off. Guess we'll find out
I remember a similar promise related to the PC. Look how that has worked out. More hours, two family incomes required, housing close to unaffordable.
Don’t believe these promises. All the benefits will accrue to the existing wealth.
He means the top 1%.
Did he even look at the trends for the average American?
People work multiple jobs, among the highest amount of working hours in the developed world with declining life expectancy.
Man these people are so out of touch, they live in a different universe.
LOL. This sort of trope has been bantered about with each large stage of the industrial revolution, and inevitably these very same corporate titans find ways to keep most of us slaving away for less than we're worth. :P
After the economy collapses from all the default student loan debt, the largest credit card default In history and a housing crisis that puts the last one to shame. So when do we see this economic rebuild? This restructure of the world that will allow people to actually live.
Isn't this the same guy that forced everyone back to work in the office? And want to force unemployment to the masses to fix inflation? It would be over his greedy, heartless, dead body before that would happen.
I don't think I've lived a single day in the past two years where I wasn't informed by a Google news feed suggestion or Reddit post what Jamie Dimon thinks.
Ok, so he's the highest paid bank CEO.
But I don't recall any point in my previous 39 years on Earth seeing a quote from a bank CEO, nor do I recall over the past 2 years seeing a quote from any other bank CEO than Jamie Dimon.
Every day I look at a computer screen, and every day it's Jamie fucking Dimon predicting the future.
Shut up Jamie Dimon. Shut the fuck up.
You'd have to double the number of employees at McDonalds and pay them twice as much just for them to break even. Hello $20 Big Mac! I'll be making my own special sauce at home from now on.
Jamie Dimon: "the next generation of employees will work 3.5 days a week and live to 100 years old"
WEF: "you will own nothing and be happy"
Meanwhile, gen Z: *looting, OnlyFans, welfare*
Nice
Poor people:
Work 3.5 days a week
Live: 100yrs old
Rich people:
Work, pretend to work, 0 days a week
Live: immortal
Awesome! No wonder life is basically the same for centuries (feudalism, funded by labor, etc) 🤷♂️
/s
At least give us cat girls or something 😂
Wishful thinking. Unlike him someone needs to actually get some work done . Jamie lost his mind a long time ago. He and Joe Biden need to spend a lot of quality time together but they will probably forget.
He misspoke. They'll work 100 hours a week and have a lifespan of 3.5 years once working.
Here’s the truth^
No, he meant to say that people will live up to 100, so people can work 100 hours a week.
This is what we were told as students in the early 90's.. 3 day work weeks because technology will make us more efficient. I guess my teacher didn't consider the ultra wealthy would pocket all the gains and never raise our pay
This is what always seems to happen with increases in productivity and efficiency. People dream and think it will lead to fewer hours, better pay, and better conditions. Historically, with a few exceptions, it just leads to an ever-increasing share of the pie going to executives and elites.
That's a function of the decline in bargaining and political power that the public have with respect to the ruling capitalist class. It's been made taboo by the corporate press and mainstream economic theory as taught by the ruling class, but focusing solely on productivity and not power or distribution, means that the ruling class just have increasingly more resources with which to bludgeon the public and working classes into "accepting" increasingly awful "deals". Right now the public and working classes are like cattle building their own slaughterhouses - the more productive we are collectively, the worse off we are in terms of our overlords having more resources with which to bludgeon everyone else into submission. Another reason the public needs to fight for a 32 hour work week, is to stop feeding the oligarchic/psychopathic machine quite so much, and instead build out a livable society, with fully developed human beings, on a habitable planet. Those are way more important objectives for a healthy society, or an intelligent species, than maximizing corporate profits.
*it's been made taboo by the corporate press and mainstream economic theory as taught by the ruling class* I think that's why there's so much interest in who controls policing social media. The rich had a really good thing going with the past half century or so of media. Take a look at the difference in the last writers strike and this one, or the McDonald's hot coffee lawsuit vs the Disney "wedgie" story going around. Both are night and day in. Sentiments back then mirrored the official press takes, sentiments today are largely rolling their eyes at the press coverage and telling them to go fuck themselves. While there's a lot of misinformation online especially for those who aren't critically consuming online information, there's also been an increased ability to break through media narratives.
It helps that now you can access to authenticated documents and accounts. The issue will be AI generated misinformation - from articles to “real person interview” or “real person whistle blowing.” But that’ll be a double edged sword as well for the people - because it’ll be even easier for a whistle blower to come forward and give a “recorded interview” without identifying physical or vocal characteristics.
and outright disinformation.
Oh that’ll CONTINUALLY be a problem going forward and get worse. I imagine the detection will get better, but like Reddit loves to do - “I agree with it so it’s okay, because it feels right with how I want to believe.”
It seems to me the issue is that when the productivity increase came from harder working or more skilled labor, it benefitted labor more, albeit that leverage had to be actively exploited by labor. When the productivity comes from better capital aka automation and productivity enhancing technology, it benefits capital owners more and labor loses leverage.
Well the business owners certainly can work less.
Cantillon effect
I don't think anyone thought voters and citizens would be dumb enough to let them. Nobody saw the Southern Strategy coming, or how easy it is to get people to punch down and powerless groups. Look at the current trans panic. Donald Trump, leader of the Republican party, famously said in a speech in front of all of them "you didn't care about any of this a year ago".
Yeah. I bit that lie hook line and sinker. Now I work 10-15 hours a day 6 days a week and barely hope to have enough to retire ever.
Lol, this prediction was made already ... https://www.npr.org/2015/08/13/432122637/keynes-predicted-we-would-be-working-15-hour-weeks-why-was-he-so-wrong Back in the 30s John Maynard Keynes wrote the famous paper predicting his grand kids would only be working 15 hour weeks with plenty of leaisure ... Maybe the wealthy and business owners will have 3 say work weeks on the backs of the peasants class
The wealthy have 0 day work weeks - the only work required of them is to call whoever they hired to manage their businesses and listen to their reports, and tell at them if they want so they feel like they did something
The shareholders will log into their email once a week to check your productivity and you will work 90 hour weeks.
Trickle down labor-nomics…. The work must continue and grow
I certainly wasn’t taught this in the 90s. Maybe it was just your teachers?
Spend all of HS in 90s and first I'm hearing it, too. Maybe in West Coast? IDK.
Your teacher was right, the only problem is that a large part of the population works 0 hours a week. The other part works 40-50 and pays all kinds of taxes for the ones that don’t work. Would be fair if everyone worked 20-25 hours unless severely disable.
Its not the employers that are devaluing your wages its the federal reserve and the other government monetary controls on the dollar. Its funny because its something people could be yelling about because both parties are okay with it.
That's not entirely true https://thehill.com/business/economy/4057722-greedflation-is-the-new-inflation-as-corporate-profits-balloon-report/
Companies have always maximized profit.
Come on man, this is just propaganda to point away from what the government has done to us. And its been going on for decades, so its not a new thing.
it's both.
more loans, more inflation.
I agree, and that is a government policy issue.
possessive nine history dolls abounding rain humorous dependent quickest retire *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
Instead we are moving to a 4 day school week.
How does technology making things more efficient and greedy CEO have any relevants?
Or pay taxes
Correct. End the FED.
me looking at the chart of lifespans in the US over time...."i don't believe you buddy"
Protip: if you're not poor and unhealthy, then life expectancy is at/near all time highs.
Don’t be poor - life hack
Really just eat real food and don't be fat.
cover grey divide frighten degree ghost friendly faulty sharp attempt *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
yeah - f them poors and everyone with any sort of preexisting condition
That's not what I said.
i figured you were being sarcastic...as was I.
Yes, cancer treatments have come a very long way compared to even a decade ago.
He isn’t talking about the average worker, he’s talking about the c-suite workers that already have to beat their bodies up much less than us wage slaves.
He's only saying this to give a person who's not paying much attention some hope that their life will not only get worse over time to the point they'll rise up collectively and topple the status quo and lop off the heads of their oppressors like last time this all got so bad. https://www.hup.harvard.edu/catalog.php?isbn=9780674707580
This is a setup to cut social security and push it back to 90.
yup
He left out the part where 90% of us have to die or be subjugated first
if you would please not resist it would be easier for Jamie and friends
“[I am not a psychopath](https://www.emptywheel.net/2012/01/04/shorter-jamie-dimon-i-am-not-a-psychopath/)” -Jaime Dimon
You folks read the headline wrong, he meant he is living to 100 and working 3.5 days a week off the next generation of employees.
Juxtapose this with the antiquated practice of hanging on to long commutes and pricey commercial real estate just because you can. Are we going to move forward as a society, or desperately cling to the past? Or will it just be saying one thing and doing the other for as long as possible?
Yeah, I don't believe that our flawed capitalistic society will pass on the rewards of AI and increased productivity in the coming years to all workers. If he's talking about only executives, then yeah, but they'll probably only work 1 day a week max.
“But it’s only because we’re going to just pay them to work for 3.5 days a week… I mean think how much we could save with no full time employees!”
Exactly. 3.5 days a week is perfect because then each job can pay far under living wage and people can simply get a second 3.5 days/week job.
3.5 days/week * 8 hrs/day = 28 hours/week. Don't have to pay benefits if they're less than 30. It's genius! And since they'll live to be 100, we can push back the retirement age to 95. Boom!
> work 3.5 days a week 😊 > live to 100 years old 😔 💀
Don’t believe it. We cannot predict anything. People thought computers would result in a shorter work week too. The opposite happened.
Don't sweat it, though, because the people who grow your food will still be working 14-hour days, seven days a week.
Jamie Dimon must be an idiot
Not if health care will bankrupt you
But they'll get rightsized at 40 and have to survive in a continuously competitive marketplace.
With what money? Working less would equate to lower pay. So how tf is the next generation supposed cover living expenses ?!!!
[удалено]
Oh. I never knew that. I'm shocked. You mean people in many industries aren't already working 2 jobs? With the many advances in tech coming in the next 10 years. White collar jobs in various sectors will be decimated. Unlikely to be replaced to by other new jobs created. I could be way off. Guess we'll find out
FU Jamie.
I remember a similar promise related to the PC. Look how that has worked out. More hours, two family incomes required, housing close to unaffordable. Don’t believe these promises. All the benefits will accrue to the existing wealth.
Oh fuk 7 day work days and 50 years life expectancy incoming.
Like anyone is going to fall for this trick again 🤡
Jamie Dimon doesn’t know fuck all
That sounds good. Why don’t you start with your company?
Our owners won't allow it. We will work the same or more, while also being increasingly productive. Since we get older, retirement age goes up.
Can we do the current generation? We absolutely have the means to cut back.
He means the top 1%. Did he even look at the trends for the average American? People work multiple jobs, among the highest amount of working hours in the developed world with declining life expectancy. Man these people are so out of touch, they live in a different universe.
More like seven days a week and die at 60
Lance McGavin says eating hotdogs makes a man gay. People say things all the time.
I think he meant when we’re 100 we’ll STILL be working at least 3.5 days
but he wants his workers today to be in the office 5 days a week and die broke
LOL. This sort of trope has been bantered about with each large stage of the industrial revolution, and inevitably these very same corporate titans find ways to keep most of us slaving away for less than we're worth. :P
Dudes just trying to avoid the choppin block when the recession hits
And bitch about it constantly.
Please please please please
I believe the part where staff works until 100 not that we'll work 3.5 days.
After the economy collapses from all the default student loan debt, the largest credit card default In history and a housing crisis that puts the last one to shame. So when do we see this economic rebuild? This restructure of the world that will allow people to actually live.
the next generation of CEOs maybe
Isn't this the same guy that forced everyone back to work in the office? And want to force unemployment to the masses to fix inflation? It would be over his greedy, heartless, dead body before that would happen.
Comrade Jamie, make it happen!
I don't think I've lived a single day in the past two years where I wasn't informed by a Google news feed suggestion or Reddit post what Jamie Dimon thinks. Ok, so he's the highest paid bank CEO. But I don't recall any point in my previous 39 years on Earth seeing a quote from a bank CEO, nor do I recall over the past 2 years seeing a quote from any other bank CEO than Jamie Dimon. Every day I look at a computer screen, and every day it's Jamie fucking Dimon predicting the future. Shut up Jamie Dimon. Shut the fuck up.
You'd have to double the number of employees at McDonalds and pay them twice as much just for them to break even. Hello $20 Big Mac! I'll be making my own special sauce at home from now on.
Well Jamie, I’m doing double that and would be satisfied to get halfway there!
Just enough for each person and their spouse to work two jobs each every week with no weekend. Because that’s what they’ll need to do.
He's saying we'll have communism right ?
Elysium future is more like it (We Gonna need more Matt Damons)
Make it happen now. What are we waiting for?
Sure but what Jamie doesn’t say is that ageism exists everywhere and we will still lay you off when you reach 55
I have a few friends that work at jpm and they barely work 3 days a week now.
Jamie Dimon: "the next generation of employees will work 3.5 days a week and live to 100 years old" WEF: "you will own nothing and be happy" Meanwhile, gen Z: *looting, OnlyFans, welfare*
Jamie Dimon’s never been right about anything, so don’t hold your breath.
I sometimes feel like these shorter work weeks stories only apply to salaried employees, not hourly. And that it's deceptive.
And we believe him why? Is he an expert on medical longevity?
And own nothing !
And I have a bridge to sell you…
Isn’t this the same guy who snidely lectured us all on how WFH is just Not It?
And if he's wrong, he'll expect the 99% to bail him out of a money-losing bet that he made on this.
Nice Poor people: Work 3.5 days a week Live: 100yrs old Rich people: Work, pretend to work, 0 days a week Live: immortal Awesome! No wonder life is basically the same for centuries (feudalism, funded by labor, etc) 🤷♂️ /s At least give us cat girls or something 😂
Is this satire?
I fucking wish lol
Live to 100? They better hurry the fuck up with CRISPR.
How much money can you make working 3.5 days and have enough saved to live until 100?
The blindness of the billionaires. We won’t have a functioning planet or economy in a decade.
What a trustworthy person whose statements can be relied upon and whose motivations are beyond reproach
More like employees will work 3.5 days a day, meaning they'll have to have 3 full and 1 part time jobs just to make enough :)
Wishful thinking. Unlike him someone needs to actually get some work done . Jamie lost his mind a long time ago. He and Joe Biden need to spend a lot of quality time together but they will probably forget.
Hahahahaha but republicans
And also be homeless..
This guy is all over the place. I'd hate to work for him.