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Lump of labour fallacy

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In economics, the lump of labour fallacy is the misconception that there is a finite amount of work—a lump of labour—to be done within an economy which can be distributed to create more or fewer jobs. It is also known as the lump of jobs fallacy, fallacy of labour scarcity, fixed pie fallacy, and the zero-sum fallacy—due to its ties to zero-sum games. The term "fixed pie fallacy" is also used more generally to refer to the idea that there is a fixed amount of wealth in the world. This and other zero-sum fallacies can be caused by zero-sum bias.

Lump of labour fallacy - Wikipedia Jump to content From Wikipedia, the free encyclopedia Misconception in economics about allocation of work In economics , the lump of labour fallacy is the misconception that there is a finite amount of work—a lump of labour—to be done within an economy. [ 1 ] [ 2 ] [ 3 ] It is also known as the lump of jobs fallacy , fallacy of labour scarcity , fixed pie fallacy , and the zero-sum fallacy —due to its ties to zero-sum games . The term "fixed pie fallacy" is also used more generally to refer to the idea that there is a fixed amount of wealth in the world. This

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