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\nWhy is Working Harder Making Us Poorer?\n

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\n\nPublisher:\n\nEconomics Explained\n\n\n
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\nWorkers 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...\nWorkers 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 working longer and harder make for a more prosperous economy?\n
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Resource Details

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Media Length
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19:50
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Grade
9th - Higher Ed
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Subjects
Social Studies & History
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Instructional Videos
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Source:
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\nEconomics Explained\n\n
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Date
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2020
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Language
English
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Audiences
For Teacher Use
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Fine Print: Educational Use
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income, time, workers, countries
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why working harder makes us poorer, labor productivity, labor productivity formula, labor productivity ratio, labor productivity macroeconomics, marginal product labor, labor productivity and comparative advantage the ricardian model, marginal productivity of labor, how to solve labor productivity, how to calculate marginal product of labor, the economics of labor, labor in economics, labor productivity explained, economics explained, individual level, early 1900s, marginal utility, household chores, ford model, world war, demand world, big deal, working day, free time, world, working, nations, jobs, factory, average, weekend, make, nation, back, produce, meant, weekends, days, living, reality
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Best For: Explaining a topic
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