Lump of labour fallacy
id:
lump-of-labour-fallacy-244-9813511
title:
Lump of labour fallacy
text:
In economics, the lump of labour fallacy is the misconception that there is a finite amount of work—a lump of labour—to be done within an economy which can be distributed to create more or fewer jobs. It was considered a fallacy in 1891 by economist David Frederick Schloss, who held that the amount of work is not fixed. The term originated to rebut the idea that reducing the number of hours employees are allowed to labour during the working day would lead to a reduction in unemployment. The term
brand slug:
wiki
category slug:
encyclopedia
description:
Misconception in economics about allocation of work.
original url:
https://en.wikipedia.org/wiki/Lump_of_labour_fallacy
date created:
date modified:
2024-02-26T03:49:20Z
main entity:
{"identifier":"Q2916947","url":"https://www.wikidata.org/entity/Q2916947"}
image:
fields total:
13
integrity:
14