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by bhhaskin
1256 days ago
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We don't get to cash that check, the next generation does. Just like how we cashed it from our parents, and our parents cashed it from their parents. We have far more leisure time than our parents did, and way more than our grandparents. Our kids will have far more leisure time than us. |
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It's hard to compare in part because there are very different lifestyles. As a member of the fortunate "programmer class" I have high pay, health insurance, easy job portability. This leads to pretty reasonable vacation schedules, good lifespan. Overwork expectations and stress are the downsides, but these are within my control somewhat and I can just get another job.
This research paper says leisure time increased noticeably from 1965 to 2003 - an increase of 6-8 hours per week for men and 4-8 for women. https://www.nber.org/papers/w12082. This is a surprise to me and goes against my intuition. Maybe we always feel like we are getting a bad deal.
Don't forget the sizable number of lower hourly wage Americans where some people work many hours at low pay and barely support themselves. Americans seem to work significantly more than our European peers https://20somethingfinance.com/american-hours-worked-product....