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Money For the Rest of Us

Why Do We Work So Much?

Money For the Rest of Us

J. David Stein

Investing, Investing Podcast, Business, Economics, Economy

4.51.4K Ratings

🗓️ 10 February 2021

⏱️ 27 minutes

🧾️ Download transcript

Summary

How to structure employment so workers are more creative, productive, and happier.

Topics include:

  • What percentage of employees work at home due to the pandemic
  • How many hours per week do men and women work in both paid employment and unpaid caregiving
  • How workers have been allocating the time saved by not commuting
  • Why the economy would still prosper if we worked only four hours per day
  • What is the cult of efficiency
  • What is the difference between leisure and amusement
  • Why employers reward busyness at work
  • How work can be more satisfying and create


Thanks to LinkedIn and Policygenius for sponsoring the episode.

For more information on this episode click here.

Show Notes

60 million fewer commuting hours per day: How Americans use time saved by working from home by Jose Maria Barrero, Nick Bloom and Steven J. Davis

Mental health: C-suite struggles in the pandemic by Rachel Ranosa—Human Resources Director

Deep Work (Rules for Focused Success in a Distracted World) by Cal Newport

In Praise of Idleness by Bertrand Russell—Harper's Magazine

Do Nothing: How to Break Away from Overworking, Overdoing, and Underliving by Celeste Headlee

Aristotle's Nicomachean Ethics by Aristotle translated by Robert C. Bartlett and Susan D. Collins

Rest: Why You Get More Done When You Work Less by Alex Soojung-Kim Pang

The Art of the Siesta by Thierry Paquot

When More Is Not Better: Overcoming America's Obsession with Economic Efficiency by Roger L. Martin

Related Episodes

107: Work, Freedom and Leaving A Legacy

184: Massive Job Losses Are Inevitable But There Will Still Be Work

323: The Economy Is Not A Machine


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Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to Money for the Rest of Us.

0:03.7

This is a personal financial on money, how it works, how to invest it, and how to live

0:09.0

without worrying about it.

0:10.5

I'm your host David Stein, today is episode 331.

0:14.2

It's titled Why Do We Work So Hard?

0:19.4

Twenty years ago my family and I moved from Cincinnati to Idaho and I started telecommuting.

0:26.5

I first rented a small office in town because our children were small and I thought that

0:32.4

might work easier.

0:34.1

But after a few years we built a new home and I established a home office and that's

0:40.6

how I've worked out of my house for the past 16 years when I haven't been traveling.

0:48.1

My typical schedule when I was still an investment advisor was to work 8 hours a day.

0:55.8

I would break up my day into the before lunch section, I would typically take a nap, I would

1:01.1

often exercise during the day, but I felt like I had to be at my desk because that's what

1:07.2

I was paid for.

1:10.3

When tracking my hours and I looked at a time sheet I did back in 2011, I typically worked

1:14.7

about 41 hours a week, spent 5% of my time on email, about 2 hours per week, and only

1:22.6

spent about 17% of my time on what Cal Newport describes as deep work.

1:31.6

He defines deep work as professional activities performed in a state of distraction free concentration

1:38.4

that push our cognitive capabilities to their limit.

1:42.6

We can call it deep work, we can call it creative work, but it was only about 17% of my time.

1:48.4

The rest was just on stuff that needed to be done, including having meetings and just

1:53.1

administrative stuff.

...

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