We Work Less, Have More Leisure Time and Earn More Money: New at Reason

Leisure time and incomes have been on the rise over the last half century.

Marian Tupy writes:

One of my favorite Human Progress datasets comes from the Conference Board and deals with the decline in the amount of work over time. Globally, a worker could expect to work 2,227 hours in 1950. By 2016, however, he or she worked only 1,855 hours. That’s a decline of 17 percent.

Over the same time period, global inflation-adjusted income per capita per year rose from $11,578 to $24,400, or 111 percent. Put differently, we are working less while making more money.

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