Attention Economy


Sunday, February 24, 2019

Why do Americans Work More than Citizens of Other Rich Economies?

Why Americans and Britons work such long hours

Derek Thompson argues: For the college-educated elite, work has morphed into a religious identity—promising identity, transcendence, and community, but failing to deliver.
“No large country in the world as productive as the United States averages more hours of work a year. And the gap between the U.S. and other countries is growing. Between 1950 and 2012, annual hours worked per employee fell by about 40 percent in Germany and the Netherlands—but by only 10 percent in the United States. Americans “work longer hours, have shorter vacations, get less in unemployment, disability, and retirement benefits, and retire later, than people in comparably rich societies,” wrote Samuel P. Huntington in his 2005 book Who Are We?: The Challenges to America’s National Identity.
One group has led the widening of the workist gap: rich men.
In 1980, the highest-earning men actually worked fewer hours per week than middle-class and low-income men, according to a survey by the Minneapolis Fed. But that’s changed. By 2005, the richest 10 percent of married men had the longest average workweek. In that same time, college-educated men reduced their leisure time more than any other group.”