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> Why people in US think that working a lot makes you rich, when the opposite is true? For most people, wealth is tied to income, and income is tied to the num
by war1025 6y ago
> Why people in US think that working a lot makes you rich, when the opposite is true?
For most people, wealth is tied to income, and income is tied to the number of hours you work. So it's a direct link in their minds that most hours of work leads to more wealth.
The fairly obvious truth is that the quickest way to any reasonable amount of wealth is to both improve your skillset to increase the amount of income you can make per hour, and also to develop sources of income that aren't tied to the number of hours you put in.
But both of those require delayed gratification, which people aren't big on.
- hn_throwaway_99 6y agoI mean, in some ways you're both right. Greece (surprisingly) works the longest hours in Europe, but their average productivity is very low compared to Northern Europe. Also, in the US, our tax structure clearly greatly rewards investment income over wage income. Of course, most people need to work to get enough capital to invest in the first place.