Der Reichen Last

Seit etwa 1980 etabliert sich mehr und mehr ein absurdes Verhältnis von Arbeits- und Freizeit zu Einkommen und Wohlstand: Je höher das Einkommen, desto weniger Freizeit.

This is a stunning moment in economic history: At one time we worked hard so that someday we (or our children) wouldn’t have to. Today, the more we earn, the more we work, since the opportunity cost of not working is all the greater (and since the higher we go, the more relatively deprived we feel).

In other words, when we get a raise, instead of using that hard-won money to buy „the good life,“ we feel even more pressure to work since the shadow costs of not working are all the greater.

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