Time was when the wealthy were considered the leisure classes. Nowadays, that\u2019s not so, as the Economist <\/em>reports: \u2018Overall working hours have fallen over the past century. But the rich have begun to work longer hours than the poor. In 1965 men with a college degree, who tend to be richer, had a bit more leisure time than men who had only completed high school. But by 2005 the college-educated had eight hours less of it a week than the high-school grads. Figures from the American Time Use Survey, released last year, show that Americans with a bachelor\u2019s degree or above work two hours more each day than those without a high-school diploma. Other research shows that the share of college-educated American men regularly working more than 50 hours a week rose from 24% in 1979 to 28% in 2006, but fell for high-school dropouts. The rich, it seems, are no longer the class of leisure.\u201d<\/p>\n This is partly driven by simple economics: Wealthier workers lose more by time off: \u201cAlthough they do not immediately get overtime pay for \u201cextra\u201d hours, the most successful workers, often the ones putting in the most hours, may reap gains from winner-takes-all markets. Whereas in the early 1980s a man working 55 hours a week earned 11% more than a man putting in 40 hours in the same type of occupation, that gap had increased to 25% by the turn of the millennium.\u201d<\/p>\n More interestingly, it\u2019s suggested that the shift has to do with a change in the nature of work. \u201cWork in advanced economies has become more knowledge-intensive and intellectual. There are fewer really dull jobs, like lift-operating, and more glamorous ones, like fashion design. That means more people than ever can enjoy \u2018exploit\u2019 at the office. Work has come to offer the sort of pleasures that rich people used to seek in their time off. On the flip side, leisure is no longer a sign of social power. Instead it symbolises uselessness and unemployment.\u201d<\/p>\n When work is fun, who needs leisure?<\/p>\n<\/body><\/html>\n","protected":false},"excerpt":{"rendered":" Time was when the wealthy were considered the leisure classes. Nowadays, that\u2019s not so, as the Economist reports: \u2018Overall working hours have fallen over the past century. But the rich have begun to work longer hours than the poor. In 1965 men with a college degree, who tend to be richer, had a bit more […]<\/p>\n","protected":false},"author":3021,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[643,644,645],"tags":[],"class_list":["post-15888","post","type-post","status-publish","format-standard","hentry","category-leisure","category-veblen","category-work"],"yoast_head":"\n