Financial Independence Or Not, Work Will Never Stop
I love reading predictions of the future from the past. When I was a kid in the 70’s and 80’s I thought by 2020 we’d surely have flying cars and that everything would be powered by the sun. Clearly I suck at predictions.
I also vividly remember reading George Orwell’s classic 1984 as a school assignment. It was probably 1985 or 86 at the time, and I thought to myself “Well this guy is obviously a good writer but man did he get this one wrong. If any of this happens it won’t be for a long time.”
Whether you think we’re headed more towards an Orwellian 1984 scenario, or the one depicted in Aldous Huxley’s classic Brave New World (<– affiliate link), I’m going to guess that reality will surprise us as always.
Recently a video from a 1967 CBS show hosted by Walter Cronkite called The 21st Century: At Home, 2001 has been making the rounds online. It was an ambitious attempt to predict what a 21st century home would be like.
When they made the show the year 2001 was 33 years in the future. That would be the same as us trying to imagine what things will be like in the year 2054!
How did they do?
I’m not expecting you to watch a 24 minute video just to read this post. Click this link and the video will launch at about the ten minute mark. Then just watch the next three minutes, I think you’ll find it fascinating.
Well You Blew That One
So let’s address the elephant in the room. In the video Cronkite says:
Technology is opening a new world of leisure time. One government report projects that by the year 2000 the United States will have a 30 hour work week and month-long vacations as the rule.
Yeah, they really blew that one didn’t they? Before COVID Americans already worked more hours than those in most industrialized nations. And with so many people working from home since last March a July 2020 study found the average workday actually lengthened by 48.5 minutes since the pandemic started.
As for those month long vacations – haha! Americans get far less paid vacation days than those in most industrialized nations, and it’s not even mandatory by law. We average 10 days of paid vacation after 1 year on the job, and 15 days after 5 years on the job. Worst of all more than half of workers don’t even use all of the piddly amount they get.
The predictions of a future of leisure in this CBS show weren’t new. As this article says:
Back in 1930, renowned economist John Maynard Keynes predicted technological advancements would mean we would all eventually work just 15 hours a week. That same year, evolutionary biologist Julian Huxley predicted the two-day work week. Both men warned that someday, we would have so much leisure time, we would be bored out of our minds..
Bold emphasis mine. I work a two day work week because financial independence gave me the freedom to do so. Others aren’t so fortunate, many because of their own behavior with money.
So basically everyone got this horribly wrong.
What They Got Right
The CBS show does redeem itself pretty well in the following 3 minutes after the incorrect prediction of endless leisure. Cronkite goes through some awesome retro looking consoles to eerily predict how we’ll watch football, get our news and weather, and then says:
With equipment like this in the home of the future, we may not have to go to work. The work will come to us. In the 21st century it may be that no home will be complete without a computerized communications console
Remember this is 1967, before the internet. The first ever computer to computer message was transferred in 1969 on ARPAnet, the predecessor to the internet.
So basically they were predicting working from home, and largely got it right. It’s a shame it took a pandemic that happened 20 years after the start of the 21st century to really fuel it in a serious way.
Perhaps the CBS folks stole from the brilliant Arthur Clarke who basically predicted the internet three years earlier in 1964, and ten years after that dropped these totally accurate predictions. As you can see, I love this stuff.
The Missing Piece
Why do all these futurists inaccurately think we’ll work less as technology advances and life gets easier? It’s pretty simple – they’re totally disregarding some basic traits of what it means to be human.
Unlike other mammals, humans are compelled to learn and understand. We’re compelled to discover, and to create. We’re curious.
Philosopher and psychologist William James defined curiosity as “the impulse towards better cognition,” and “the desire to understand that which you do not”.
It’s these traits that compel us to keep working, keep doing, keep pushing. There’s always another hill to climb. No amount of technology is going to stop us from working hard, because no matter how good that technology is we’re going to have an innate desire to make it better.
And that means getting our asses out of bed and going to work tomorrow.
We work more to produce these things which we then keep trying to improve which leads to more work. Can we ever stop and admire what we’ve created or are we doomed to constantly move forward and improve?
You’re Different
If you’re reading a blog called Accidental FIRE you probably have some interest in changing your job, or stopping “work” all together. That requires money of course. I hate to break the news to you but don’t count on future technologies to free you from work or to let you retire early. It ain’t gonna happen.
Instead you’ll have to spend less than you earn, invest it, and watch it grow. No matter what John Maynard Keyes, Walter Cronkite, or Arthur Clarke said, technology will not rescue you from work, only you can do that.
But you’ve also no doubt read and understand that you really don’t want to be rescued from work. You are human after all, that would go against your basic curious nature.
You want to be rescued from stressful or B.S. corporate work, aka “W2 work”. Only then will you be free to do other work. Work that’s fun, and meaningful.
As we humans relentlessly push everything into the future at warp speed, I see a future where we all still work. Yes, I’m predicting never-ending work.
But we’ll work on things we love, whether they pay money or not. That’s the future John Maynard Keynes incorrectly thought would already be here.
You can make it yours by achieving financial independence, you don’t have to wait for flying cars and solar powered cities. But heck I suck at predictions, so what do I know.
i remember reading brave new world in high school and probably should go back and re-read that one. we were probably too young to grasp the implications. there is no limit to working longer and harder for stuff you might not really need or want. buckminster fuller was famous for warning about this trend too.
Such a great book, I’m reading it again now. It’s creepy how much of what he predicted is happening right in front of our eyes.
Good one Dave and that video is awesome. I’ll opine a slightly contrarian position on a couple of points. First is that George Orwell got it exactly right, with a small twist. Everyone has a absurdly large screen (and many small ones) in their home (person) and that we stare incessantly at. As the band Crass said, “Big Brother’s not matching you, mate, you’re f’ing watching him.” Also let’s not forget the other Orwellian prophecy come true – the complete atrophy of privacy during our lifetime. While me may not get a lot of vacation hours, American’s sure don’t find any challenge coming up with an average of 32 hours each week to watch TV, so there’s still leisure time to be had apparently.
As for the scarcity of the 15 hour work week, I recently read a book that called, “Bullshit Jobs” by London anthropologist, David Graeber, that puts forth a very compelling argument why we still have 40+ hour work weeks (and likely always will as you point out here)
All that said, I’m still waiting for legit reasons explaining the absence of flying cars and jet packs. What’s up with that?
I agree Orwell got lots correct, my point in the post was that none of it happened by 1984. So when I read it as a teenager in ’85 or so it seemed he was way off. He was by the timeline, but yes lots of his book is happening.
As for B.S. jobs, I did a post about that before you were a reader 🙂
I think it’s more cultural. In the US, we are raised to be productive. Everyone expects you to work until 65. If you retire early, it’s strange. Even with less work to do, the middle managers will invest some sort of new BS work for workers to do. How many workers are doing jobs (or part of a job) that aren’t really necessary? I think it’s a much larger percentage than in the past. Anyway, I agree about curiosity as well. Even after 65, it’s nice to work on something. Retiring completely is not good.
“the middle managers will invest some sort of new BS work for workers to do”
Haha, so so true Joe. And that’s what they wanted me to do. I told them to go pound sand! As for you, your blog is one of the originals in the FIRE space. I hope you keep working on it and you should be proud of what you’ve created.
Yeah I definitely find that I am happy when I am productive, so long as I don’t go overboard. I like balance. I want the productivity without the stress, and that is what FIRE is really all about to me.
When running my company, we always tried to ONLY hire when it was absolutely necessary. When it was painful to not have this position working for us. This ensured that we didn’t have too many people sitting around being unproductive. Nothing is more of a motivational killer in a startup than having dead weight.
Balance is the key,and it’d be great if we Americans could tone it back to achieve that state. But I don’t see that happening…
You put a much more positive spin on why we still work so much than I would have, although I definitely don’t disagree with the point about curiosity. I think there are also darker things at play too though: greed, power, fear, etc. How many people could totally scale back to a 15-hour week if they didn’t feel the need to have a bigger/fancier house or car? Collectively, our society is just never going to be content with our stuff, government programs, lifestyles, etc, so here we are. Fascinating stuff though. And while I can’t say that technology has reduced my work hours, I can say that Amazon has given me my weekends back from the black hole of “running errands,” so that does add up to at least a little more leisure time!
Great comment, my positive spin was intentional in that I purposely didn’t go into the obvious negatives, many of which you listed. Besides curiosity, much of the work is surely driven by greed and capitalism. I’m a fan of capitalism and there’s no argument its done really well to lift so many around the world out of poverty, but I’m not blind to its downsides. There’s a group of people who will surely work themselves to death to keep buying more stuff they don’t need, but I also think there are many who’d prefer to work 20 hours a week and live a healthy life, but the system doesn’t make that practical. Thanks for the great comment!
That video was…amazing. I have always loved Walter Cronkite. But had never seen this. Thank you for posting. I am so close to FI, but only in my retirement accounts. And I am a fair few years from 59.5. Sigh.
Hang in there, the light is visible at the end of the tunnel!
Ah, meaningful and fun work…. How much I want to actually experience what that feels like.
I can’t wait until I get to that place. I guess I have to still put in the dues before work can ever become fun.
I wish we had a 30 hour workweek…
Even 30 is too much for me but each if us has to find that tolerable limit. I would recommend negotiating to try to get it if possible, realizing that for most it’s not. Thanks for the comment and good luck!
I am almost surprised by that 48.5+ figure to the post pandemic workday! I was thinking that figured would have gone hours in the other direction from my experience in healthcare finance. Many of my colleagues just don’t seem as engaged as they were prior to the pandemic.
Take care!
Max
I think tech workers are getting hammered at WFH. Their normal tools aren’t necessarily at hand and many companies have them spending tons of time trying to improve WFH for everyone. That’s been the experience of some of my friends.
As someone who reads a ton of science fiction, I too am amazed by the lack of progress imagined by futurists. I still have hope that space will be the next “revolution” once it becomes profitable to exploit something out there.
There will never be a 30 hour work week, unless the “workers” some how organize like they did in the 19th century and demand it..but we’re trending away from organization at the blue collar level. The working class is comfy with the status quo and the consumer culture we live in fuels the want for more money and more work hours. Plus, how much tax revenue would be lost if working hours were reduced? The government would implode. No, somehow they’ve gotten away with paying us for 40 hours while allowing us to clock in 50-60 hour weeks with a magical word called salary.
Fascinating video by the way.
I agree. In France they did organize and for a while the country went to a mandatory 35 hour weekly max I believe, but I think they went back to 40. And as far as tax revenue for the gubment, yep, unless they learn how to spend less it would never work. So basically it’ll never work 🙂
Great post! I don’t think we will ever see month long vacations in this country! I agree in that it is in our nature to constantly learn and grow and apply ourselves. I think the nail hit the head with “being rescued from stressful work.” Many of us end up in jobs or careers out of necessity or just circumstances of life. If you continuously had meaningful work and finances weren’t an issue why stop? 😉
Yes! And my new business is meaningful work to me, so the transition has been fun and rewarding
Feels like the more technology we have the more we work! Can’t wait to have enough to ditch the 9-5 and work for myself, I’m getting close. Just gotta keep taking the right steps everyday.
keep taking the right steps and don’t waiver, you’ll get there!