Lump of labour fallacy
MISCONCEPTION IN ECONOMICS ABOUT ALLOCATION OF WORK
Zero sum fallacy; Lump of labor; Lump of labor fallacy; Lump of labour; Lump of work fallacy; Lump of jobs fallacy; Lump of jobs; Lump of labour argument; Fixed pie fallacy; Fixed-pie fallacy
In economics, the lump of labour fallacy is the misconception that there is a fixed amount of work—a lump of labour—to be done within an economy which can be distributed to create more or fewer jobs. It was considered a fallacy in 1891 by economist David Frederick Schloss, who held that the amount of work is not fixed.