New Castle News

Community News Network

October 16, 2012

Why working harder doesn't make you richer

WASHINGTON — Declinists, get ready to fret: Sometime this past summer, the average net worth of Canadians surpassed that of Americans. Adding insult to injury, Canadians have universal health care and a lower unemployment rate too.

But you know what really makes it sting? They barely even worked for it. The average employed Canadian works 85 hours fewer each year than the average American — more than two full workweeks. And that may be the lesson that Canada has for the United States: Working 24/7 isn't the road to prosperity, much less happiness, and there are numbers to prove it. In fact, across rich countries, it turns out there's no close link between the average hours people put in at the office and how much they make. So go ahead: Take that vacation.

According to the Organization for Economic Cooperation and Development (OECD), the rich world's think tank, the average number of hours worked each year by someone employed in the United States is 1,787. In Britain, it's 1,625 hours — or about 20 fewer working days. In Germany, the engine of Europe's economy, the average employee works just 1,413 hours a year — that's more than 12 workweeks off. Nobody ever accuses Germans of being lazy; a lot of that is because the European Union mandates four weeks of paid vacation a year. But if you live in the United States, the government guarantees exactly zero paid vacation time. Thanks to the lack of any legal holiday requirement, nearly a quarter of workers get no paid vacation or holidays at all. Japan, the next stingiest among industrial countries, mandates 10 paid days off, with more the longer you have worked.

But doesn't working harder make you richer? It's true that at the individual level there is a link between working hard and being paid more. Nearly two-thirds of high-earning U.S. workers surveyed for the Center for Work-Life Policy clocked more than 50 hours a week, and one-third logged more than 60 hours. At the other end of the income scale, of course, many of those in poverty can't find a job to put in the hours at all. It's also true, however, that in many low-income families, parents are working two jobs just to stay above the poverty line. Poor people are poor because they don't get paid much per hour — not because they don't work hard enough.

Text Only | Photo Reprints
Community News Network
  • Affirmative action ruling challenges colleges seeking diversity

    The U.S. Supreme Court's support of Michigan's ban on race-based affirmative action in university admissions may spur colleges to find new ways to achieve diversity without using racial preferences.

    April 23, 2014

  • A 'wearable robot' helps her walk again

    Science is about facts, numbers, laws and formulas. To be really good at it, you need to spend a lot of time in school. But science is also about something more: dreaming big and helping people.

    April 23, 2014

  • Cuba is running out of condoms

    The newest item on Cuba's list of dwindling commodities is condoms, which are now reportedly in short supply. In response, the Cuban government has approved the sale of expired condoms.

    April 23, 2014

  • The waffle taco's biggest enemy isn't McDonald's. It's consumer habits.

    Gesturing to Taco Bell, Thompson said McDonald's had "not seen an impact relative to the most recent competitor that entered the [breakfast] space," and that new competition would only make McDonald's pursue breakfast more aggressively.

    April 23, 2014

  • Screen Shot 2014-04-22 at 4.42.47 PM.png VIDEO: Leopard attacks crowd in India

    A leopard caused panic in the city of Chandrapur when it sprung from the roof of a house and charged at rescue workers.

    April 22, 2014 1 Photo

  • The top 12 government programs ever

    Which federal programs and policies succeed in being cost-effective and targeting those who need them most? These two tests are obvious: After all, why would we spend taxpayers' money on a program that isn't worth what it costs or helps those who do not need help?

    April 22, 2014

  • In cuffs... 'Warlock' in West Virginia accused of sexual assault

    Police in West Virginia say a man claiming to be a “warlock” used promises of magical spells to lure children into committing sexual acts with him.

    April 22, 2014 1 Photo

  • Cats outsmart the researchers

    I knew a lot had been written about dogs, and I assumed there must be at least a handful of studies on cats. But after weeks of scouring the scientific world for someone - anyone - who studied how cats think, all I was left with was this statement, laughed over the phone to me by one of the world's top animal cognition experts, a Hungarian scientist named Ádám Miklósi.

    April 22, 2014

  • McCain 1 House Republicans are more active on Twitter than Democrats

    Your representative in the House is almost certainly on Twitter. Your senator definitely is. But how are they using the social network? Are Democrats more active than Republicans, or vice versa? Who has the most followers on the Hill?

    April 22, 2014 1 Photo

  • Do your genes make you procrastinate?

    Procrastinators, in my experience, like nothing better than explaining away their procrastination: General busyness, fear of failure, and simple laziness are just a handful of the excuses and theories often tossed around. Now researchers from the University of Colorado Boulder have added another option to the list: genetics.

    April 21, 2014

House Ads
Poll

Georgia Gov. Nathan Deal signed “unprecedented” legislation yesterday to expand gun rights in his state. Good idea?

Yes. Expanding the scope of where people can carry guns can help halt violent crimes and make those places safer.
No. Carrying guns into bars and schools is NEVER a good idea. I think it will lead to more violence.
Not sure, but I don’t plan to visit Georgia any time soon.
     View Results