Americans Are Working Much Longer Hours Than the French and Germans
dadaviz.com
dadaviz.com
Compare this graph to the one which shows that average income for the lower 90 percentile stagnated around that time, while income for the top 10 - and especially for the top of the top - exploded.
While correlation does not imply causation, I think it is likely that both these trends are related. Wage earners have to work longer hours due to stagnating wages and rising costs, while top earners rake in the extra profits generated by those longer working hours. According to economic theory this money is supposed to trickle down but that does not happen - the rich get richer.
I didn't even get a bonus. I was doing pretty good if he even said thank you.
I'm not real sure yet but I've been puzzling over looking for work in Europe. I know I'd like to live there again someday I'm just not sure that now is the right time for me. (I've lived in France and Italy.)
1. There is very little context for this graph, and "Average Hours Worked by Persons Engaged" is not defined very well.
2. What happened in Germany in ~1975 that made them suddenly start working?
3. Where is this data being sourced from?
I think it may have been the oil crisis in 1973. During the crisis, industry did not have enough work for its workforce. Instead of mass-layoffs, they tried to shorten working hours and cut wages accordingly. I think in 1975 the situation had normalized again, so that working hours increased again.
So, rather than an increase in 1975, it's probably a decrease just before.