Americans Work Too Much for Their Own Good

Americans Work Too Much for Their Own Good
November 8, 2011 Bloomberg.com
Americans

In 1965 it was predicted that Americans would be working 20 hours a week by the year 2000, as a result of anticipated increases in labor productivity due to technological advancement. However, the number of hours Americans are working daily is only increasing, and workers are now required to get much more done and more quickly. Many argue that this is simply how things have to be, as working fewer hours would result in a less competitive economy. However, recent research is now indicating that countries, such as many in Europe, with generous policies with regard to working hours and sufficient leisure time are every bit as competitive as the U.S. and other workaholic nations, and do not experience higher rates of unemployment.

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