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Politics : Formerly About Advanced Micro Devices
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From: bentway5/2/2016 11:01:57 AM
   of 1576127
 
Too Many Elite American Men Are Obsessed With Work and Wealth

And it’s making the pay gap worse.

theatlantic.com

Excerpt:

...Rich American men, by comparison, are the workaholics of the world. They put in significantly longer hours than both fully employed middle-class Americans and rich men in other countries. Between 1985 and 2010, the weekly leisure time of college-educated men fell by 2.5 hours, more than any other demographic. "Building wealth to them is a creative process, and the closest thing they have to fun,” the economist Robert Frank wrote. Internationally, there is a positive relationship between income and happiness, but the behavioral economist Daniel Kahneman has found that the plutocratic dreams of young educated men, like the ones in the NYU study, are immiserating fantasies:

When someone reflects on how additional income would change [their sense of] well-being, they are probably tempted to think about spending more time in leisurely pursuits such as watching a large-screen plasma TV or playing golf … But in reality, they should think of spending a lot more time working and commuting and a lot less time engaged in passive leisure. ... By itself, this shift in time is unlikely to lead to much increase in experienced happiness...
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