Why is Working Harder Making Us Poorer?

Summary by Krater

This video examines the economics of labour productivity, tracing how average working hours have fallen since 1900 despite massive technological advances.

From the video

Answers: Does working longer and harder make for a more prosperous economy?

• Labour productivity
• History of working hours
• Technological advancement
• Dual income households
• Economic correlation

What it concludes

• Working longer hours does not necessarily make for a more prosperous economy.
• A nation is going to do much better on labour productivity if the hours worked are done by well-rested and results-driven workers.
• The 40-hour work week and modern technology culture have led to a reality where workers are constantly available and overworked.