4 ms·
While the article mentions a bunch of different explanations for this phenomena, most of them are from the point of view of the well-off. The most telling expla
by jackschultz 12y ago
While the article mentions a bunch of different explanations for this phenomena, most of them are from the point of view of the well-off. The most telling explanation (in my opinion) is stuck at the bottom of the article.
The author mentions that, with the decreasing costs of leisure, "low-earners do not need to work as long to enjoy a reasonably satisfying leisure." This is the biggest difference when comparing current state of work to the Downton Abbey era mentioned at the beginning of the article.
- cbhl 12y agoThe way you word your comment implies that this statement is patently false. Can you explain further? Are you saying that low earners do not choose to work less, and if so, can you explain why this is the case?
- jmalicki 12y agoIn the United States, at least, the poor often have marginal tax rates nearing or beyond 100%, once you include loss of means-tested benefits. If high tax rates affect work ethic, it is most pronounced among the working poor in the United States. See, for example, http://gregmankiw.blogspot.com/2012/07/effective-marginal-tax-rate.html http://gregmankiw.blogspot.com/2012/07/effective-marginal-ta...