Above a certain level of income, the relative value of material consumption vis-a-vis leisure time is diminished, so earning a higher income at the cost of working longer hours may reduce the quality of your life. More importantly, the fact that the citizens of a country work longer than others in comparable countries does not necessarily mean that they like working longer hours. They may be compelled to work long hours, even if they actually want to take longer holidays.

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About Ha-Joon Chang

Ha-Joon Chang was a contemporary Korean south korean economist. Ha-Joon Chang is a South Korean economist and academic. Chang specialises in institutional economics and development, and lectured in economics at the University of Cambridge from 1990–2021 before becoming professor of economics at the School of Oriental and African Studies (SOAS) in 2022. Read more on Wikipedia →

Themes

  • Time — Reflections on the passage of time and how we spend it
  • Work — The value of effort, discipline, and meaningful labour

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