Further enhancements of technology in the capital used by workforce can promote the idea of reducing working hours. This essay will state that advanced automation is not a sufficient argument to cut the working hours. Technological improvement created an opportunity to grow economy at a faster pace. Furthermore, there are various types of jobs that demand a different amount of time put by a person on a daily basis.
Increasing the share of capital in production processes allowed single person to do a job that used to be done by four, especially in manufacturing. If it is financially advantagous, employer will equipt workers with machines to further expaned the business or the decision-maker will replace the laborforce with the capital in case maintaining the same scale of the output is a more optimal. Cutting the working hours and additionally spending money on new equipments would only be benefitial for a company if paid salaries shrunck proportionally with decreased hours worked. However, none of employees want reduction of earnings.
In the modern world there is a great variety of jobs that demand different working environment. Even though automation increased efficiency and the pace at which substantial amount of work can be done, services that are offered by brokers or pharmacists cannot be reduced. The stock exchange is the place where even seconds can have a crucial effect not only for stockholders but also the company and employees of it, when it comes to finanaces and trades that could have been aquired when stock exchange was closed. Moreover, the accessibility to pharmaceutics carries greater importance than stocks. Drug stores have to be open throughout the whole day, taking into account the shortage of workfrorce withing the industry, cutting the working hours could be only compensated by rising wages and transfering that cost over the medical products.
To conclude, development of technology have greatly reduced the abount of labor needed, which boosted expansion of the economy. However, only imporvements in automation cannot lead to reduction in working hours, due to the existance of various kinds of working enviroment and needs.