JoshuaZ comments on Open Thread June 2010, Part 3 - Less Wrong
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Unfortunately, in the United States, you really would end up with much more of the former and less of the latter. Europe would be better off, though, thanks to different labor laws; would you suggest that the United States adopt something like France's maximum 35 hour workweek, or Germany's subsidies to part-time workers?
Currently, hours worked per week is positively correlated with hourly wages; one person working 80 hours a week usually makes more money than two people who both work 40 hours a week. Also, specifically wanting to do part-time work is a bad signal to employers. It signals that you're not committed to your job, that you're probably lazy, and that you're weird. So, absent government intervention, you probably won't see people voluntarily reducing their working hours.