Yup, we could take a 3 month vacation, and still have the same standard of living if not for federal income taxes.
Increasing productivity is the key reason that wages can increase faster than inflation. If you want to work less instead of making more money that’s your choice. Who made this stupid graphic?
That decline is also happening while fewer and fewer people work. Labor participation rate has been on a decline since 2000, with more people retiring or delaying getting into the work force due to college.
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Yup, we could take a 3 month vacation, and still have the same standard of living if not for federal income taxes.
Increasing productivity is the key reason that wages can increase faster than inflation. If you want to work less instead of making more money that’s your choice. Who made this stupid graphic?
Hours worked has been on a steady decline: https://ourworldindata.org/working-hours
That decline is also happening while fewer and fewer people work. Labor participation rate has been on a decline since 2000, with more people retiring or delaying getting into the work force due to college.