Leisure Time - Answers^^Leisure Time
▪ Leisure time is time spend not working and not engaged in sustenance activities (eating, sleeping,
etc).
▪ As individuals and as a society, we face choices between working more and taking more leisure time.
▪ We should rationally balance our work and leisure time to maximize our utility.
▪ Each person will have a different relative value of leisure time vs working to support the
consumption of goods and services
Standard Work Time - Answers^Industrial Revolution
Average Industrial Working Hours ~70 hours per week
Workers earned only enough for a very meager existence
Had very little leisure time
^ Early 1900s
Through the 19th century and early 20th century workers movements (unions) pushed for an 8 hour
day and weekends off work
Wages increased to allow for a comfortable living with these hours
^ 6 Hour Work Day
With basic needs met, there was a continued union push in the 1920s for establishing a 6 hour work
day plus weekends (30hrs/week)
During the great depression, the gov't supported reduced working hours to try to spread employment
out.
^"In the 21st century a 15-hour week will suffice, as we turn instead to how to use freedoms from
pressing economic cares"
John Maynard Keynes, 1930 Economic Possibilities for our Grandchildren
Wait, 15 hour work week... What Happened?
^^Recall the Notion of Preference
Governments Interests in Increased Consumption - Answers^With a fairly closed economy, the federal
government and producers of the early 20th century worried that without increased demand among
the middle and working classes, the economy would stagnate.
Most things consumed in the usa was produced in the usa
Both the US government and US Corporations saw benefits in accelerating the growth of consumption
among the masses.
^ Government and Consumption
Gov has an incentive to push consumption, the economy could flattened in ppl dont shop
Corporate Interests in Increased Consumption
^^ How to Accelerate Consumer Demand? - Answers^ Corporations and Consumption
More money for big corporate pig om nom
^^ How to Accelerate Consumer Demand?
1. Increase pay for working class, but push back against reduced working hours
- More money to buy stuff with
2. Improve access to credit
3. Planned Obsolescence
4. Advertising
Increase Pay
, ^Increase Access to Credit
Once they go into debt then they have to work more
Psychological Obsolescence - Answers^^Planned Psychological and Physical Obsolescence
While the idea of changing fashions existed for the upper classes for a small number of products
(clothes mostly) most products were 'lifetime' products - pots and pans for example were often multi-
generational.
Producers and retailers realized that it would be difficult to maintain demand with that approach and
as such sought to shorten the psychological and physical lifespan of products.
Psychological new car or clothes goes out of style is 3 years, creating need to replace things that are
still useful because of social pressure
Physical Obsolescence - AnswersPhysical tech break after 3 years forcing you to buy another
Repairability
Used to be really easy but now adays everything have special screws, cant fix it yourself, some people
dont even sell the parts
A lot of thing is recharges or refills instead of being able to use for ever
Misconsumption - Answers^^ Misconsumption
Significant Misconsumption - Individual consumes in such a manner that it undermines his/her own
well-being (sub- optimal consumption). In most cases at present, it is people consuming more goods
and services than they should (and working and/or going into debt more than they should). Buying
things and they regretting afterwards because couldn't afford
Individual level
Overconsumption - AnswersSignificant Overconsumption - Too much is being consumed (in
aggregate) to be sustained leading to catastrophe for species unless something changes
Societital level
Persuasion - Answers^^ Persuasion
▪ Persuasion is a form of social influence. It is the process of guiding another person to changing their
beliefs or preferences.
▪ Persuasion is intentional 'socialization'
Corporation 1 ??? - Answers^^Incentive Based Paths (ALREADY COVERED)
There are different ways you change your behaviour depending on your friend group or family
because of social punishment
You could hate something but you are forced to agree because of social punishment, someone who
doesn't believe in climate change gets solar panels because of carbon tax
^^Paths of Persuasion (High Cognitive Path)
Low Cognition - Answers^^Low Cognition
When Factors OTHER THAN logic of argument are used to persuade someone often taking advantage
of our heuristics and our emotions. Such as:
▪ Emotional forms of engagement that disengage skepticism/mistrust using humour, fear, excitement,
etc.
▪ Characteristics of the Messenger (authority, pop artists, etc)
▪ Taking advantage of our fears and hopes regarding 'Social Identity' and 'status'
- Use something called 'Descriptive Norm Messaging' to define what is normal and desirable
High Cognition - Answers^^High Cognition
▪Challenge old and new belief/preference(B/P) through comparing strengths/logic of argument
▪Encourages high effort (high cognition) process by targeted individual to consider.
▪Change in B/P occurs when convinced by fact based argument overcome currently held B/P
Using data and facts to convince something to become vaccinated