a larger and larger fraction of the population, including many prime-age men, are not working and not actively looking for work. . .where does the money come from?
He refers to an article in the NYT showing that people who have abandoned the labor force spend a lot of time watching TV.
I have been predicting for quite a while that the distribution of leisure will be a major social issue going forward. The video of my most memorable portrayal, using a dance, seems to have been taken down by the Kauffman Foundation. Too bad you missed it. Anyway, the issue of the distribution of leisure is the flip side of the issue of the distribution of income.
Just curious- why the characterization “distribution of leisure”, as opposed to a “right to basic income” or a “right to public support”?
For one thing, support could be tied to work. For another, support could be tied to need, as opposed to age. Fundamental changes in philosophy about support programs might have big effects on the distribution of leisure.
Advertising. Watching tv contributes to GDP, we just falsely attribute that output entirely to the content.
I think I remember that dance.