PRODUCTIVITY PARADOX

In 1930, John Maynard Keynes, one of the greatest minds of the 20th century, speculated that by 2030 technological progress would be so profound that a 15-hour workweek would be sufficient to satisfy our needs. While productivity skyrocketed and incomes along with it, rather than converting productivity gains into leisure people generally chose higher consumption, larger homes, bigger cars, more services, and longer retirements. Is this time, think AI, different?