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by efng
3484 days ago
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> And to top it off, we're working less than we ever have This really struck me. I am going to assume your numbers ar correct, but if you could point me to a source I would love that. (did a quick search on the web, couldn't find exactly what I would like) My first thought was that it is fascinating that we would be working 12% less hours per person. I wonder how that break down by gender. The number I keep finding is per day men @ 8.4 vs women @ 7.7 which doesn't match your number because it is only talking about full time employment. Hence if you can help me find better numbers that would be great. Then I realized the horrible truth residing in your numbers: in 1950 it was almost exclusively men who worked. Today women make up almost half of the workforce. On a per capita basis we are working much, much more than we used too. From this Wikipedia entry https://en.wikipedia.org/wiki/Working_time#United_States: The average working time of married couples – of both husband and wife taken together – rose from 56 hours in 1969 to 67 hours in 2000
Turns out things are worse than they used to be. Nobody spent $700 on a phone but they did spend $600, in 1986 dollars, on a microwave - which is roughly $1300 in 2016. And few people spend $5000 on a tv today. A $5000 dollar tv is likely 75 inches or more - I don't know if I have ever been in a home with a TV that large.The middle class has disappeared and it is not because they became wealthy, lazy or demanding. |
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Data from FRED. Graphs: http://www.businessinsider.com/average-annual-hours-worked-f...
You're correct that more people working per household is a likely cause of less hour per employee, larger houses, etc.