Site Map
Contact me

Work Life Balance

In this article of the Economist: Economics discovers its feelings, I found some interesting information on Economics and Happiness : Capitalism can make a society rich and keep it free. Don't ask it to make you happy as well

"In general, the economic arbiters of taste recommend “experiences” over commodities, pastimes over knick-knacks, doing over having. Mr Frank thinks people should work shorter hours and commute shorter distances, even if that means living in smaller houses with cheaper grills."

So it seems that I'm not the only one who would like to work less, but...

"To climb up the pecking order, some people slave away nights and weekends at the office. They gain in rank at the expense of their free time. But in making that sacrifice they also hurt anyone else who shares their aspirations: they too must give up their weekends to keep up. Mr Frank reckons that many people would like to work less, if only others slackened off also. But such bargains cannot be struck unilaterally. On the contrary, people compete in costly “arms races”, knowing that if they do not work harder, they will lose their standing to someone who does."

And why do we work so hard ? For money ?

"The rich are generally happier than the poor, but rich countries do not get happier as they get richer. The Japanese are much better off now than in 1950, but the proportion who say they are “very happy” has not budged. Americans too have remained much as Alexis de Tocqueville found them in the 19th century: “So many lucky men, restless in the midst of abundance.”"


Last edited on Tuesday, January 09, 2007 at 19:51:24 pm.