Hurting the economy, sure people get burned out, but it is hard to come to that conclusion based on the data given and the authors points.
Hurting the economy, sure people get burned out, but it is hard to come to that conclusion based on the data given and the authors points.
Understanding why the US's GDP is as positive as it is is a much bigger topic that takes us into areas like natural resources (e.g. oil, metals, etc) but also history (e.g. World War 1, world War 2, even the cold war).
It is a pretty weak argument to dismiss all of the article's points just by repeating "but GDP!!!" over and over which is more or less what your post is.
The reason why GDP is still used prominently as an economic indicator, while economists have been looking for better metrics, all those other metrics involve a fair amount of subjectivity. And GDP is still a pretty decent predictor of economic performance, despite its known weaknesses.
But in the end, higher GDP does not necessarily translate into higher quality of life (of course, once the gap is large enough, it almost certainly does, at least for the average person, but we aren't talking orders of magnitude here). I don't think you'll see overall higher QoL in the US compared to Germany, the Netherlands, Norway, or France (the four OECD countries with the fewest hours worked per capita), regardless of where the GDP per capita is.
In Germany, it appeared that ordinary people could both afford to, and were inclined to, partake often in small pleasures such as having a Bier and a bite at outdoor cafes in the summer. The streets were lined with these cafes and restaurants, most doing a brisk business. I never saw so many cut-flower shops in my life. The small pleasure of flowers was both affordable AND something that was on the minds of ordinary people, something that one would never encounter in the US.
Here, such things are looked upon as frivolous luxuries, and financially they are that for the 99%. If you can afford such things as cut flowers, then, we're told by our betters, you can also work for less money or work more for what you're earning currently. Why do you deserve luxuries, peon?
Despite what the pro-workaholic, GDP-flaunting people in the US would say, Germans on the whole seem to be quite materially prosperous. But with that, they are culturally prosperous in a quality-of-life sense too. They seem to expect it, whereas in the US a high QoL is reserved for the wealthy.
Obviously I'm not saying that every German lives this way, necessarily. But I think that this cultural observation is accurate. I think if average people in the US would be brought to understand that they too could have a modest life containing a big helping of everyday pleasures and without life-sucking, excessive work expectations, there'd be a revolution.
We must be living in very different countries, because the things you describe, I know very few people who can't afford simple things like cut flowers whenever they want them, or to go eat out at a cafe.
Average / middle class people I knew while living in LA did these things constantly.
Average people I've known in the places I've lived most definitely did not frequent flower shops or cafes. And by "average", I include Target employees and Walmart employees and the clerical employees of most companies large and small. That is to say, most people in the US.
Apart from the financial issue, my point was that there's a cultural phenomenon going on. In Germany my feeling was that the residents had a joie de vivre that is largely missing in the US, something which is probably both a cause and effect of the cult of overwork.
i had a consultant complain that they hate working with europeans. the people always go on vacation and projects get held up, and they come back and have to get oriented with everything again. by the time they catch up they are on vacation again
He commented that the USA workers didn't produce more even though they only had 2 weeks vs the 5+ the civil service T&C derived uk workers did.
spent far more time goofing off and gossiping and taking sneaky long weekends to go skiing was his comment.
if you'd like further evidence, the EU area has an unemployment rate close to 12%. companies are not anxious to hire europeans for one reason or another.
The European countries with major economic problems are in the south and east, where they tend not to have as generous vacation and hour policies in the first place. If you work with a Greek or Spanish consulting company, they will be there any time you want, bringing everyone into the office at 3am on a Saturday their time, if you ask for it. Good luck getting a Danish company to do that! Yet the Danish companies are not having trouble getting work.
The countries with a high unemployment rate are also poorer and lack other benefits, most notably the mentioned vacations. We're talking about developed EU countries, and that's what we're comparing against the US.
And you cant just cherry pick a few european countries and compare against the whole of the US. If we are going to play that game, why not pit them against silicon valley, manhatan, etc.
What's happening in Greece is basically the huge pain of reality reasserting itself. Greece is more like a poor Asian or African country; enormous corruption, largely unskilled workforce, rampant tax evasion, no real industries to speak of outside shipping, huge imbalance of payments and so on.
Portugal is in much the same boat. It's "developed" in a sense, but like Greece up until very recently was actually a military dictatorship of the like you'd expect to see in the developing world. It's not developed in the same way Germany is.
With respect to the others, Ireland and Spain are indeed first world nations, suffering very badly thanks to the financial crisis. Ireland took on its banks debts and became poor in the process. Spain had a huge construction bubble.
France, well, OK .... ;)
Greece, Portugal, Ireland, Spain and Cyprus have seen huge leaps in unemployment, underage prostitution, suicide, child and adult mortality, and drug use as a result.
They used to be solid economies, with EU-wide unemployment running at around 7%. Now they're hollowed out shells.
'Employers' have nothing to do with this. It was purely a political decision, based on bad economic science (at best) and north-south racism at worst.
As the economics editor of the Guardian said of the Euro is a bad idea who's time has come.
The PIGS politicians also fiddled the figures to there own ends which lead to a property boom and crash in their country's - so those country are not totally innocent.
It's almost as if work is something they do to support a life outside the office.
Outrageous.
The problem is, many of the discarded people are ending up on disability, and are thus out of the workforce. I'd like to compare the productivity of various societies based on population.
> it also tries to state that working hard leads to less productivity
No, it says that working longer leads to less productivity.Great time to be an employer in the US.