Economics

The economy doesn't have a fixed pile of jobs to split

The lump of labour fallacy is the mistaken belief that an economy has only so much work to go around, so anyone who takes a job - an immigrant, a machine, a retiree working longer - must be taking it from someone else. Economist D. F. Schloss named the fallacy in 1891, noting that the total amount of work, like the economy itself, isn't fixed and tends to grow.

David Frederick Schloss, Why Working-Men Dislike Piece-Work — The Economic Review, Vol. 1, No. 3, 1891

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