Posts Tagged ‘leisure’

Wealth and Leisure Go Hand in Hand—except in the U.S.

March 6, 2016

The title of this post is identical to the title of an article b Christopher Ingraham in the Business section of the 28 February 2016 issue of the Washington Post.  That wealth and leisure go hand in hand has been a belief held by many, economists included.  Quite some time ago the famous economist John Maynard Keynes predicted that his grandchildren would have 15-hour work weeks due in part  to increased productivity from new machines and technology.  There have been many healthy memory posts on this topic (enter “Why Are We Working So Hard” in the healthymemory search block).  I’ve mentioned many times that when I was in elementary school back in the fifties that we were told that we would have ample free time today due to technology.  At that time it was unusual for women with children to work.  Today it appears that everyone is working more hours, so what happened to the benefits to technology?

Two economists, Charles  Jones and Peter Klenow have examined the number of hours worked as a function of the fraction of per person GDP.   So the value for the U.S is 1, and the values for other country are some percentage of 1.  The average annual number of hours worked per capita in the U.S is 877.  The only countries in the study with a higher number are Malawi, India, and Mexico.  The average number of hours worked per capita in France is 535 hours.   So the average number of hours worked in France is less than two-thirds as much as the average hours worked in the U.S.  The average number of hours worked in Italy and the United Kingdom are slightly higher than in France.

The standard of living of these countries is close to that of the U.S.  Moreover, the social  amenities offered in these countries are often superior to those offered in the U.S.   For example, medical care is free in the United Kingdom.  Not only is medical care free, but statistics indicate that the quality of medical care is superior in the United Kingdom.

So why is this the case in the United States, and why do citizens in the U.S. tolerate this situation?  I think this situation in the United States is not beneficial to health, in general, and memory health, in particular.

© Douglas Griffith and healthymemory.wordpress.com, 2016. 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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2015 Labor Day Post

September 4, 2015

Every Labor Day I go back to my boyhood and remember what future was predicted then for us to be enjoying today.  This was the fifties and at that time it was very unusual for mothers to work outside the home.  The basic prediction was that advances in technology would result in significant leisure time for everyone.   Back then no one dreamed of anything like a personal computer, the internet, iPADs, or wifi.  In other words, technology went far beyond what was imagined.  So I ask again, what I’ve asked in every healthy memory blog post for Labor Day, “Why Are We Working So Hard?”  Today both marriage partners are working.  The predicted increase in leisure time has not materialized.  And we in the US work more hours than those in most advanced countries.  Often this announcement is made with pride, when it should be uttered in shame.

Some of the answers to the question, “why are we working so hard,” can be found in the three immediately preceding healthymemory blog posts.  “The Wellbeing of Nations:  Meaning, Motive, and Measurement” explained why the primary metric for measuring economies, the Gross Domestic Product (GDP) is seriously flawed.  This metric fails to capture many factors that make for well-being and happiness.  Moreover, it requires that economies continue to grown and expand.  Eventually the capacity for growth of the GDP will be limited and the resources for continuing this growth will be depleted.  The blog post also explained that this is an extremely difficult topic and the work in this area is still in its early stages.  Nevertheless, it has begun, so let us hope it will continue.

The healthymemory blog post “Behavioral Economics”  reviewed how classical economics is based on the model of a rational human.  There is ample evidence that we humans are not rational.  Behavioral economics is devoted to identifying behaviors that lead to desirable outcomes.  Again, there is much work to do, but it least it has started.

The  blog post “Why Information Grows”  presents a novel view of what makes economies successful.  The answer is knowledge and know how.  Again, these ideas are very new, but they offer the potential to guide us in the right direction.

Labor Day is a holiday, but  unfortunately it signals the end of summer and the traditional time for vacations and recreation.  I would suggest that Memorial Day, a holiday for the somber remembrance for those who have died fighting for our country, be switched with Labor Day.  Then Labor Day would signal the beginning of vacation and recreation time.

Nevertheless, as Labor Day is a holiday, let us engage in a fantasy so we can enjoy the holiday.  First of all, there would be a heavy investment in education, which would be free at all levels.  Moreover, education would continue throughout our lives.  This provides both for personal growth and facilitates the advancement of new technologies.  There would be ample free time.  Medical care would be guaranteed and free so people would not need to work for medical coverage.  People could drop out from time to time so that they could simply enjoy leisure time.  They could take classes in anything that
caught their fancy and found to be enjoyable.   Retirement, per se, would become obsolete as people would continue to learn and grow throughout their senior years

© Douglas Griffith and healthymemory.wordpress.com, 2015. 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.