Why is Working Harder Making Us Poorer?
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Workers 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 airconditioned 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 people working longer and harder make for a more prosperous economy?
#HustleCulture #Recession #Economics
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Видео Why is Working Harder Making Us Poorer? канала Economics Explained
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Workers 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 airconditioned 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 people working longer and harder make for a more prosperous economy?
#HustleCulture #Recession #Economics
Enjoyed the video? Comment below! 💬
⭑ Subscribe to Economics Explained 👉 https://bit.ly/sub2ee
⭑ Enjoyed? Hit the like button! 👍
Q&A Streams on EEII (2nd channel) → https://www.youtube.com/channel/UCOTgNyfQG4vVP5sCXrJaS4g
✉️ Business Enquiries → EconomicsExplained@ibg.yt
Follow EE on social media:
Twitter 🐦 → https://twitter.com/EconomicsEx
Facebook → https://www.facebook.com/EconomicsEx
Instagram → https://www.instagram.com/EconomicsExplained
Discord → https://discord.gg/MJGcTH6
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💵 📈 Economics Explained is brought to you by Acorns!
Sign-up now and Acorns will invest $5 into your portfolio to help you get started with investing, saving, and earning with every purchase!
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ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY 👊🙏
Support EE by becoming a Patron today! 👉 https://www.patreon.com/EconomicsExplained
The video you’re watching right now would not exist without the monthly support provided by our generous Patrons:
Morgon Goranson, Andy Potanin, Wicked Pilates, Tadeáš Ursíny, Logan, Angus Clydesdale, Michael G Harding, Hamad AL-Thani, Conrad Reuter, Tom Szuszai, Ryan Katz, Jack Doe, Igor Bazarny, Ronnie Henriksen, Irsal Mashhor, LT Marshall, Zara Armani, Bharath Chandra Sudheer, Dalton Flanagan, Andrew Harrison, Hispanidad, Michael Tan, Michael A. Dunn, Alex Gogan, Mariana Velasque, Bejomi, Sugga Daddy, Matthew Collinge, Kamar, Kekomod, Edward Flores, Brent Bohlken, Bobby Trusardi, Bryan Alvarez, EmptyMachine, Snuggle Boo Boo ThD, Christmas
Видео Why is Working Harder Making Us Poorer? канала Economics Explained
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