Tuesday, September 2, 2008

Work Longer!

There was a New York Times article today that helped convince me that despite all the talk, the American dream where you work hard and you will go far in life is still alive. Finally, the connection between work hours and high income seems steady.

Perhaps for the first time since we’ve kept track of such things, higher-income folks work more hours than lower-wage earners do. Since 1980, the number of men in the bottom fifth of the income ladder who work long hours (over 49 hours per week) has dropped by half, according to a study by the economists Peter Kuhn and Fernando Lozano. But among the top fifth of earners, long weeks have increased by 80 percent.
Maybe someday ill have to work harder.

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