#KeynesianTheory #ErgonomicFurniture
Not many have thought about the economic advantages and aspects related to an ergonomic furniture item until the WFH culture became much more popular than ever before. It made us realise the significance of the smallest of things, and how they impact our lives in the longer run, even in their economics. It looks deeply related to the Keynesian Theory of Investment, made by one of the most prominent names in the history of macroeconomics, John Maynard Keynes.
Keynes firmly believed that it is the confidence of the entrepreneur for future profits, which drives investment in the right direction. He quoted this when entrepreneurship was not a wild trend as it is now, so naturally, this opinion of his was criticised by many. However, eventually, people started believing that it is the decision of the company owner that more or less determines the fate and profits of the company.
If we talk about the Keynesian theory of investment from the perspective of ergonomic furniture, it focuses more on profitability associated with the aspects of labour, capital, enterprise and land. In all these aspects, ergonomic furniture might demand a high initial investment. However, with time, the profits it brings is worth the investment and time.
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It puts more emphasis on Keynes’ belief, which suggests that saving is an aftermath of investment. Following are some of the factors which make ergonomic furniture a considerable investment for a profitable future:
Improvement in posture
A good posture while working is not only good for your health but also for economic benefits. The growth of a company and its profitability are directly proportional to the workforce’s health. The healthier the workforce, the more and better efforts are put in the work by it. An employee with a good posture is more active in his work which eventually makes him more productive and helps the organisation achieve better profits.
Keeping the spine and back fit
While Keynes might not have thought about it, his investment theory correlates with the spine and back of a professional while working. Ergonomic furniture helps keep the back and spine of a working professional fit and fine, thus helping him achieve higher profitability and making him more productive even after rigorous working hours.
Uplifting of mood
Compared to conventional furniture, ergonomic furniture has a better visual appeal, using premium materials, good quality fit and finish levels and colour options soothing the mind of a working professional. A calmer mind is more responsive during work hours, which inspires confidence in a professional while working.
Ensuring savings
The health benefits of ergonomic furniture are immense as it helps you save a lot of unnecessary medical bills, which help you optimise your economics. Even the core agenda of Keynesian Theory is the same – save your unnecessary expenditure and channel them for increasing profits. In the bigger picture, this saved expenditure can be channelled to increase the shareholders’ wealth and perks for employees, thus further motivating the working professionals to work better.
Better return on investment (ROI)
A productive and confident workforce ensures a better return on investment (ROI) if you think in the nigger picture. As Keynesian theory states – investment is determined by the confidence that entrepreneurs have about future profits, use of ergonomic furniture helps increase profits in the long run by saving avoidable maintenance and replacement costs.
Conclusion
Keynesian Theory came out as a notion out of everyday happenings around us. Based on the happenings in the market, the Keynes Theory has studied market intelligence with its wisdom and foresight. And given how effective the ergonomic furniture has turned out despite being a simple innovation, the theory has just become relatable even more corner desk.
