Why, With All This Technology, Are We Working So Hard?

When I was in elementary school the predictions were that due to technology we would have much more leisure time in the future. I’ll remind you that at this time it was highly unusual for married mothers to be working. In my view some of the technological achievements, particularly in computing and in broadband, have vastly exceeded these predictions. So I ask you, why are we working so hard? We’re working much harder than when I was in elementary school.

I would ask further what, exactly, are we producing? Suppose only those who provided the essentials for living and for safety went to work? What percentage of the working population would that be? Make your own guess, but mine would be less than 10%. So what is going on here?

Currently we are working hard to achieve an unemployment rate at or below 5%. We are finding that exceedingly hard to achieve. But should we be? Remember that the previous two occasions when the employment rate was at or below 5%, the economic prosperity was bogus. There was the dot com bogus, when people expected to become rich via the internet, only the path to these riches remained unspecified. Then there was the bogus finance/real estate boom where riches were created via bogus and unsubstantiated financial instruments. So why, absent some other fictitious basis for a boom, do we expect to get back to 5% unemployment/

To examine the question of why we are working so hard, I present the results of the following study.1 It found that being poor, is bad. Of course, this finding is not surprising. The surprising finding is that a household income of $75,000.00 represented a satiation level beyond which experienced well being no longer increased. And this was in high cost living areas. In other areas the number would be lower. And this was for experienced well being. Emotional well being might have carried additional therapeutic costs. So it is clear that we are working more for no real benefit. Why?

One reason might be the that the economic theorists who currently formulate policy are classical economists using the rational theory of man. Behavioral economists have debunked this theory. Moreover, computing GNP in terms of hard dollars might smack of objectivity, but reminds one of the drunk who is looking for his car keys under the streetlamp rather than in the dimly illuminated part of the parking lot where he dropped his keys. Economic measures should include such subjective, but relevant, measures as happiness and life satisfaction.

Perhaps with the appropriate measures and appropriate philosophies regarding self fulfillment and self actualization we can get off the treadmill and enjoy the fruits of technology and our lives.

1Kahneman, D., & Angus, D. (2010). High Income Improves the Evaluation of Life but Not Emotional Well Being. Proceedings of the National Academy of Sciences 107, 16489-93

© Douglas Griffith and healthymemory.wordpress.com, 2012. Unauthorized use and/or duplication of this material without express and written permission from this blog’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Douglas Griffith and healthymemory.wordpress.com with appropriate and specific direction to the original content.

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