Good analysis. The marginal utility of +x% extra income in low to middle-income countries is definitely larger than in high-income countries. There likely are also different cultural valuations to pursuing leisure when you're not well off. I don't know whether "slacker" translates cleanly into Gujarati or Bantu.
> that encourages rather than even marginally discourages employment
What is the ideal amount of employment? Surely not infinite. Long time 0 hours worked is likely bad, short time fine (think sabbatical), but if we are talking about 35 vs 45 hours per week, I am on the side of 35 hours.
Good analysis. The marginal utility of +x% extra income in low to middle-income countries is definitely larger than in high-income countries. There likely are also different cultural valuations to pursuing leisure when you're not well off. I don't know whether "slacker" translates cleanly into Gujarati or Bantu.
My Google Translate says Alasi in Punjabi
> that encourages rather than even marginally discourages employment
What is the ideal amount of employment? Surely not infinite. Long time 0 hours worked is likely bad, short time fine (think sabbatical), but if we are talking about 35 vs 45 hours per week, I am on the side of 35 hours.