12: Affluence, Leisure, and Consumption Flashcards
Having the economic means to privately afford leisure time and luxury material consumption
Affluence
What is leisure time? Rationally, we should…
Time spent not working and not engaging in sustenance activities (eating, sleeping)
Rationally, we should balance our work and leisure time to maximize our utility
Average amount of time spent working in the industrial revolution? The early 1900s?
Industrial rev = ~70 hours a week
Early 1900s = workers movement pushed for an 8 hour day and weekends off
What were unions pushing for in the 1920s? When was their success regarding this push?
6 hour work day plus weekends (30h/week)
During the great depression, govt supported reduced working hours to try and spread employment out
Who was John Maynard Keynes and what did he believe regarding work hours?
Famous economist
Believed in the 21st century a 15h work week would suffice
Why was the government interested in increasing consumption in the 20th century?
If you wanted to see economic growth, you could not have the working class reducing their work hours and consuming very little
People are happier when economy is growing
In democracies we re-elect economically successful govts
Growth = larger military
Why were corporations interested in increased consumption?
They like profits
Sell more products = more success/money
Four ways of accelerating consumer demand
- Increase pay for working class (while pushing back against reduced working hours)
- Improve access to credit
- Planned obsolescence
- Advertising
What is psychological vs physical obsolescence and what did corporations do with regards to obsolescence to maintain demand for products?
Psychological: effort to introduce fashion and style to the working class so after a couple of years products (cars, clothes) would go out of style
Physical: products do not function for long periods of time, break down after short period
Producers maintained demand by shortening psychological and physical lifespans of products
Examples of physical obsolescence
e.g. iPhone breaking down after two years
e.g. repairability of products (access to parts, specialized screws)
Advancements that allowed for the rise of mass media advertising in the 20th century
Radio and TV allowed advertisers access into the homes of the masses (both became fundamental parts of everyday life)
What is overconsumption? Misconsumption?
Over: too much is being consumed to be sustained leading to catastrophe for species unless something changes (species/societal level)
Mis: individual consumes in such a manner that it undermines his/her own well being e.g. debt (individual level)
What is persuasion?
A form of social influence
Process of guiding another person to changing their beliefs or preferences
Intentional socialization
Incentive based paths of changing beliefs/preferences
- social rewards/punishments
- formal (legal) rewards and punishments
Both lead to a behaviour change that can lead to belief/preference changes
Slide 32
What are paths of persuasion?
Use of high or low cognitive persuasion to change beliefs/preferences leading to behaviour change
Slide 34, 36