blogging my (mis)adventures in China between and during bouts of jetlag peppered with random thoughts on investing, strategy and development
Wednesday, August 26, 2015
Americans have more, and work less than 30 years ago
In a way it's depressing that there's almost never any historical context in current political discourse... especially since the demagoguery is used to enact policies that counteract some of the gains they've seen:
Not only are Americans wealthier on average, but they are also working less. The average American worker in 2015 works 30 fewer hours in a year than her counterpart in 1988, and yet is almost $18,000 dollars richer in real terms.
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