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Lump of Labour Fallacy

Lump of Labour Fallacy

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Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. In economics, the lump of labour fallacy is the contention that the amount of work available to labourers is fixed. It is considered a fallacy by most economists, who hold that the amount of work is not static. Another way to describe the fallacy is that it treats the demand for labour as an exogenous variable, when it is not. It may also be called the fallacy of labour scarcity, or the zero-sum fallacy, from its ties to the zero-sum game. Historically, the term "lump of labour" 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.