Why is Working Harder Making Us Poorer?

Why is Working Harder Making Us Poorer?

Workers today are amongst the hardest worked individuals in history, while simultaneously being the most efficient. Sure, they have traded in grueling factory floors and coal mines for air conditioned offices so they probably don’t get quite as much sympathy as their industrial revolution contemporaries but the world today is marred by different challenges. Hustle culture and the glorification of roles like surgeons, investment bankers, and corporate lawyers have set a precedent of on-call all the time, under the guise of professionalism or being a team player. Expectations and key performance indicators are increasingly monitored, scrutinized, and increased year on year. Now the discussion around overworking is not a new one, but it tends to focus on the mental health implications of this reality rather than the economic impacts. Now we are going to be leaving that aspect of this discussion to the side for this video and instead focus just on the economics of the overworked world. Partially this is because there are many people far more qualified to talk about mental health and partially because well, sometimes for things to get changed it needs to make economic sense for them to be changed. So the health implications of 100 hour weeks aside, we really only need to answer one question. Does people working longer and harder make for a more prosperous economy? Learn more about your ad choices. Visit megaphone.fm/adchoices

Jaksot(286)

How Economics Has Changed Dating

How Economics Has Changed Dating

📫 3,800+ read our free newsletter that has weekly origional stories Sign up: → https://economics-explained-tv-program.beehiiv.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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What’s Really Behind Africa’s “Economic Miracle”

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📫 3,900+ read our free newsletter that has weekly original stories Sign up: → https://economics-explained-tv-program.beehiiv.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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Is Degrowth the Only Answer?

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📫 3,000+ read our free newsletter that has weekly original stories Sign up: → https://economics-explained-tv-program.beehiiv.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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Why $129,000 Is the New Poor

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The Rise Of The Middle Powers

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Europe and the United States share the largest trade relationship in the world, worth nearly 2 trillion dollars each year, but that partnership is starting to fracture. Beneath the surface, this relat...

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Did China Just Drop The Ball On Global Dominance?

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China’s position as the world’s factory is shifting. Growth is slowing to approximately 4-5%, wages are rising, the workforce is shrinking due to an aging population, the property crisis is weighing o...

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Home ownership is now unattainable in every major city worldwide. For the first time, none of the 95 cities tracked by Demographia are considered affordable. In cities such as Hong Kong (14.4 times in...

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The $400 Trillion Problem No One Wants to Talk About

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The world’s pension promise is unraveling. In the 1950s, sixteen workers supported each retiree; today, that number has shrunk to just 2.7. This dramatic shift is straining pay-as-you-go pension syste...

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