We Work Less, Have More Leisure Time and Earn More Money
Income per capita per year was up 111 percent between 1950 and 2016.
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.
much longer period.
As he writes in Working Less and Living Longer: Long-Term Trends in Working Time and Time Budgets, in 1856 a British male worked 149,700 hours over the course of his lifetime. By 1981 that number dropped to 88,000 hours. That's a decline of 41 percent. For women in Britain, it declined by 37 percent over the same time period.