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Globally there has been a lot of wage stagnation at the worker level. Anecdotally, a lot of folks in my social circle have traded working hours for salary. They
by acegopher 10y ago
Globally there has been a lot of wage stagnation at the worker level. Anecdotally, a lot of folks in my social circle have traded working hours for salary. They used to work 50-60 hours for the same salary they are working 40 hours for now.
Or perhaps there is less hope or belief that working hard will result in getting ahead. With most of the gains post-crisis going to the top and income inequality growing, perhaps there is less worker incentive to work hard.