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In the US, Rich Now Work Longer Hours Than the Poor

ananyo (2519492) writes "Overall 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's 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. The reasons are complex but include rising income inequality but also the availability of more intellectually stimulating, well-remunerated work." (And, as the article points out, "Increasing leisure time [among less educated workers] probably reflects a deterioration in their employment prospects as low-skill and manual jobs have withered.")

202 of 311 comments (clear)

  1. By what definition of "rich"? by Anonymous Coward · · Score: 5, Informative

    Not starving to death on the street certainly, but most bachelors degree holders aren't tooling around on their private yachts either. Calling these sorts of people rich by the standards set it most developed countries is a load of crap.

    1. Re:By what definition of "rich"? by Enry · · Score: 5, Informative

      I consider myself middle class, but by income standards I'm in the top 10% of income earners in the US. And I don't have a mansion or yacht.

    2. Re:By what definition of "rich"? by BreakBad · · Score: 5, Funny

      Mansion / Yacht are status symbols of the 80's/90's. You probably have a 3 or 4 character twitter account name.

    3. Re:By what definition of "rich"? by K.+S.+Kyosuke · · Score: 2, Insightful

      Well, in a land full of poor people without as much as basic health insurance, being in the top income decile is hardly something that will guarantee you carefree life.

      --
      Ezekiel 23:20
    4. Re:By what definition of "rich"? by Enry · · Score: 5, Funny

      Nope, just a 630 UID

    5. Re:By what definition of "rich"? by gweihir · · Score: 4, Insightful

      Indeed. Seems "rich" is now is you earn enough money to live decently. That is not the original definition.

      "Rich" usually means "has enough money to live pretty well without the need to be working at all".

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    6. Re:By what definition of "rich"? by Herder+Of+Code · · Score: 2

      Even the %1 are not "rich" by most people standard, just well off like you. In Quebec, Canada, last year if you made over a 100k annually you were in the top %1 earner. Here, a 100k is very much possible for good SE after a few years of work in the right industries. Welcome to the 1%!

    7. Re:By what definition of "rich"? by fustakrakich · · Score: 1

      I'm super rich! Why? Because I'm not in debt.

      --
      “He’s not deformed, he’s just drunk!”
    8. Re:By what definition of "rich"? by PortHaven · · Score: 1

      Do you understand what the word "class" means.

      We're not talking about the middle of Americans. We are talking about the "class" that falls into the middle of the working classes. There is a DIFFERENCE

    9. Re:By what definition of "rich"? by PortHaven · · Score: 4, Insightful

      Most of the poor and starving in Africa and India are not in debt either.... I will call them rich and see how they react.

    10. Re:By what definition of "rich"? by SJHillman · · Score: 2

      In the US, the top 1% starts somewhere just under $350,000 in 2009 (down from $380k in 2008) - I couldn't find a reliable source for more recent data. That's really not that high, considering the majority of people in the 1% are also in areas with the highest cost of livings. I'm not saying $350k isn't enough for a life of relative luxury, but they're also not the ones with private yachts, planes or a dozen vacation homes.

    11. Re:By what definition of "rich"? by oh_my_080980980 · · Score: 1

      That's great but it's not based on what you think, it's based on your income.

    12. Re:By what definition of "rich"? by Xaedalus · · Score: 1

      If you don't mind me asking, what part of the country do you live in, that your income bracket of 10% is considered middle class? I'm curious, because I believe that income standards and costs of living tend to be far more sticky than we as a society care to admit.

      --
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    13. Re:By what definition of "rich"? by StripedCow · · Score: 1, Funny

      I have an iPhone!

      --
      If Pandora's box is destined to be opened, *I* want to be the one to open it.
    14. Re:By what definition of "rich"? by dpilot · · Score: 1

      You don't have to be rich for that, just early. Being at the right school at the right time and having an account with internet access would have been sufficient. What year did you get your 3-digit UID?

      --
      The living have better things to do than to continue hating the dead.
    15. Re:By what definition of "rich"? by Lumpy · · Score: 2

      You are confusing Rich with "ultra rich"

      If you are one of the snobbish rich that say you are not rich but you have a nanny for your kids.... Oh sorry, an Au Pair, Nanny sounds so pompish... Then you are rich.

      The fact that your income each year can put 10 families into homes and feed them IN THE USA is another good example of you are actually rich.

      Yes, $25K a year is enough to put a small very poor family in a crackhouse apartment and feed them.

      --
      Do not look at laser with remaining good eye.
    16. Re:By what definition of "rich"? by Lumpy · · Score: 1

      Sitting at your desk all day is not working.

      --
      Do not look at laser with remaining good eye.
    17. Re:By what definition of "rich"? by Enry · · Score: 1

      Sure I do. But what's happened over the past 30 years is that the lower class has expanded by population and the upper class has expanded by wealth. What was middle class (which I see as owning one house, maybe two cars, reasonably comfortable, and salaried employment) is getting pushed at both ends. 100 years ago I'd probably be upper class. Now I'm upper middle, but that doesn't mean I'm upper class.

    18. Re:By what definition of "rich"? by kilfarsnar · · Score: 1

      Sitting at your desk all day is not working.

      That's a pretty narrow definition of work. But I guess I can now tell people that I don't work for a living!

      --
      "What the American public doesn't know is what makes them the American public." -Ray Zalinsky (Tommy Boy)
    19. Re:By what definition of "rich"? by ottothecow · · Score: 3, Insightful
      Overall in the US, 10% is something like a hair under $150k per household. So it can really depend on your situation.

      A single 25 year old earning 150k is probably feeling pretty good, even living somewhere like NYC.

      But a household with two earners in their 40s and kids that makes 150k definitely counts as middle class. Certainly not on the low side of middle class (and in cheap areas, definitely doing pretty well), but its not like they are going to be overflowing with disposable income. Life isn't bad--which it shouldn't be for the middle class--but you aren't going to be retiring early and spending lots of time at that vacation home in the south of France.

      --
      Bottles.
    20. Re:By what definition of "rich"? by YrWrstNtmr · · Score: 3, Funny

      'Rich' = "anyone making more money than me".

    21. Re:By what definition of "rich"? by Lumpy · · Score: 1

      Correct.
      I dont either. I just sit here. but I have worked for a living in a foundry, THOSE people actually work, us in the offices just screw around all day.

      --
      Do not look at laser with remaining good eye.
    22. Re:By what definition of "rich"? by parkinglot777 · · Score: 1

      Are you talking "middle" = median, or "middle" = mean?

      To me, the word "middle" has a loose meaning as "in between." If you attempt to quantify it using maths, then it is neither "median" nor "mean" because you are not talking about normal bell curve! Those super rich will ruin your curve. I would use "mode" instead of those two.

      Upper class / Aristocracy
      Middle class >-- here it is, in the middle
      Lower class / Working class

      This gives a bit of the meaning but it is not clear. What is "working class"? Anyone who "work" is categorized in the lower class? Or anyone who mainly use labor in their job? So if a mechanic who earns $60k+ a year would be in the lower class? (just an example)

    23. Re:By what definition of "rich"? by FilmedInNoir · · Score: 1

      This article is by the Economist... it's for people that drink the Kool-aid.

      --
      Sig. Sig. Sputnik
    24. Re:By what definition of "rich"? by AthanasiusKircher · · Score: 2

      In the US, the top 1% starts somewhere just under $350,000 in 2009 (down from $380k in 2008) - I couldn't find a reliable source for more recent data. That's really not that high, considering the majority of people in the 1% are also in areas with the highest cost of livings. I'm not saying $350k isn't enough for a life of relative luxury, but they're also not the ones with private yachts, planes or a dozen vacation homes.

      The "top 1%" is, by definition, 1 out of 100 people. Does anyone seriously think that 1 out of every 100 people would be rich enough to own private jets and a "dozen vacation homes"? Imagine the way the economy would have to work for that to happen -- every 99 people have to work hard enough to generate enough wealth to pay the other 1 guy enough to buy lots of vacation homes and private planes. Does that sound like the math would work out?

      Or, just think about your high school class. If you graduated with 300 people, do you really think 3 of them are rich enough (or will be rich enough) to own a private jet and/or a dozen vacation homes? (Just for the record, you're probably looking at $350k annual expenses just to maintain a private jet, and that's not for a large plane.) If you went to some elite private school, maybe (and certainly the numbers aren't too much higher than that even there)... but for the vast majority of schools, probably not.

      So, yeah, the "top 1%" just simply can't be that rich... at least not most of them. It doesn't make any sense. It's just a convenient simple statistic. The point is that, for most people, when you reach the "top 1%" bracket, you probably start having enough disposable income that you can do some of the things rich people do, like buy a couple luxury items or donate enough money to something that you might actually have some minor influence (rather than being "just another donor").

      The people with the private jets, etc. are a much smaller group... but that's pretty obvious if you take a moment and think about what "1%" means.

    25. Re:By what definition of "rich"? by Xaedalus · · Score: 3, Interesting

      Your points are well taken. By way of comparison, I make $70K, am single with no dependents, and I reside in the greater Seattle area. I can be counted as middle class for Seattle, but for everywhere else I'd be upper middle class (possibly upper class dependent on the area). When I look at my monthly costs & budget, then compare where I currently live versus a place with a lower cost of living, I realize that I've got to stay in the Seattle region. The cost of living is higher, but the pay is commensurately higher, which allows me to continue paying on my student loans. I feel that reinforces your point about the household with two earners in their 40's. Once I get my student loans paid off, then I can afford to move to a less expensive locale where my salary will decline, but the other costs should decline even more. I'll still be considered middle-to-upper-middle class due to spending & saving habits, plus education, even with the decline in salary.

      --
      Here's to hot beer, cold women, and Glaswegian kisses for all.
    26. Re:By what definition of "rich"? by Curunir_wolf · · Score: 1

      That's great but it's not based on what you think, it's based on your income.

      It's really not. This is from the US Department of Commerce report titled "Middle Class in America".

      Income levels alone do not define the middle class. Many very high and very low income persons report themselves as middle class. Social scientists have explained this by defining “middle class” as a combination of values, expectations, and aspirations, as well as income levels. Middle class families and those aspiring to be part of the middle class want economic stability, a home and a secure retirement. They want to protect their children’s health and send them to college. They also want to own cars and take family vacations. However, aspirations alone are not enough; middle class families know that to achieve these goals they must work hard and save.

      --
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    27. Re:By what definition of "rich"? by Your.Master · · Score: 1

      You seem to be confusing "middle" with "average". These are not the same thing.

      A middle-aged human in Afghanistan is between 40 and 60. The average (median) age of a Afghani is about 18. The mean is probably a bit higher, but it won't be even close to 40 (I couldn't find stats on that).

      Middle does not typically imply average.

    28. Re:By what definition of "rich"? by Anonymous Coward · · Score: 3, Insightful

      the so called poor in this country have had free health insurance since medicaid came in many years ago. Plus children whose parents make 50% more than the poverty line have had free heal care under the child health plus program for nearly 20 years. The media and progressives have painted a very distorted picture of the so called "poor" in America. I have been a NYC teacher for nearly 15 years. Immigrant children who parents work low wage jobs work hard in school (if the teacher does their job and contacts parents) while subsidized american kids are lazy, lazy, lazy. Regardless of race. Their parents make nothing but excuses for their kids. I have been called a racist by African American parents and I am African American . These so called "poor" kids wear fancy sneakers, always drinking take out food and the worst have no concept of money at all. They want to turn the A/C unit on in the winter when the heat is coming on too high.
        HEALTH INSURANCE does not make healthy people. My wife did her medical residency in the Bronx NY. As a resident doctor, she treated many medicaid diabetic patients. These patients never followed doctors orders and every few months they would be back in the hospital for complications. The children of these people suffer at home.

    29. Re:By what definition of "rich"? by pitchpipe · · Score: 1

      And I don't have a mansion or yacht.

      Repeat after me: "My name is Enry J. Fudd. Miwyonaire. I own a mansion and a yacht."

      --
      Look where all this talking got us, baby.
    30. Re:By what definition of "rich"? by ravenshrike · · Score: 1

      Well, for the purposes of this study, how about in the category of people who actually still pay federal income tax once all their refunds come back.

    31. Re:By what definition of "rich"? by rnturn · · Score: 1

      Not sure of the year but by the time the first Monday morning after UIDs started being assigned rolled around you got one in the lower 5 digits. I'd guess you had to sign up in the first couple of hours to get one in the three digit range.

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      CUR ALLOC 20195.....5804M
    32. Re:By what definition of "rich"? by davydagger · · Score: 1

      the entire concept of "middle class" is bullshit, you still work for your money, the entire concept you can earn a living wage does not make you special, better, or an oppressor, because your no more in control than someone living pay check to pay check.

      Its also disingenious to lump people making $75k a year rich, even if they are comfortable. Its nothing more than a plot by the people who run the system to shift the blame.

    33. Re:By what definition of "rich"? by PortHaven · · Score: 1

      No, that's the whole point. "Middle Class" has NOTHING to do with being in the middle of income, etc.

      I personally consider myself to have just recently entered the lower middle class. I own a fixer upper house, and two mostly new vehicles (granted one is a Nissan Versa - cheapest car you could buy). That said, I have zero retirement or savings after 2008.

      Middle class is not just about income, but about security, staying power, etc. I would categorize another aspect of middle-class being that one in the middle class could retire at 50-55 if they had too. A working class folk could NOT do that.

    34. Re:By what definition of "rich"? by PortHaven · · Score: 1

      But you have to realize you're still focusing on "middle values" rather than a "middle class lifestyle".

      If 80% of middle-class Americans fall from the middle-class. The middle class has "shrunk".

      For instance, we could have a class break down like thus...

      1% = Wealthy Elites
      3% = Middle Class
      97% = Lower Working Class

      In fact one aspect of economic fascism was a two class system (vs 3 class in capitalism/socialism and 1 class in communism). A labor class and an aristocratic class.

      In fact, what we'd really like to have in America is about 70% of Americans in the "middle class" tier. Think of it more as the equivalent of the "mercantile tier" or "landowner class" hundreds of years ago.

    35. Re:By what definition of "rich"? by davydagger · · Score: 1

      the %1 should not be taken as a litteral definition, because its fucking terrible.

      the term One Percent has been an idiom in American English for a very long time. Its used to denote outliers which are exceptions to the rule.

      Its general context is that 99% of group X fit characteristic Y, and its pretty safe to assume that X ~= Y, and its just %1 of cases, which are considered rare, Y doesn't happen or isn't true ( X != Y) , and the %1 are outliers, and exceptions to a rule.

      The term is used by OWS, to say the Rich are outliers, who don't share the same troubles and burdens as us. Its a great term, but like the phrase "the one percent" in general, it should not be taken litterally.

      The real definition we should look is not how much money someone makes, but their control over the system, i.e. ownership, and how much policy they control via softpower.

    36. Re:By what definition of "rich"? by davydagger · · Score: 2

      well yes. The economist is a well written rag, but just remember its an opinion journal written by unabashed capitalists. Nothing more.

    37. Re:By what definition of "rich"? by NicBenjamin · · Score: 1

      I have literally never met an American who doesn't think they're Middle Class. Seriously. Somebody probably had to tell Mitt Romney that he shouldn't claim to be Upper-Middle Class. Class definitions are always difficult. On one hand, by a global standard pretty much everyone in America is rich, on the other if you make a half-mil and you work at a top-end bank in NYC you're probably spending all your income to keep up with your full-mil colleagues, and feel poor. Especially if you have a couple kids.

      The people doing the defining in this case are The Economist magazine. The definition they're using for this particular piece of click-bait is "has a college degree," whereas poor is "does not have a college degree." So there's no room for a Middle Class in this article. You're either a rich motherfucker with a Bachelors of Something, or you're poor. So which is it Mr. UID 630, are you a rich college-degree-holder, or an impoverished High School Grad?

      For the record I am officially rich according to the Economist, despite the fact that last year's income was only $14k.

    38. Re:By what definition of "rich"? by WillAffleckUW · · Score: 1

      mansions and yachts are vastly overrated.

      We used to own a private island, and spent summers yachting around. My aunt competed in the America's Cup.

      It's not that great. They didn't think they were rich, or my great aunt who lived on an entire floor next to the Louvre in Paris.

      Can't say I miss that.

      --
      -- Tigger warning: This post may contain tiggers! --
    39. Re:By what definition of "rich"? by rsilvergun · · Score: 1

      Doesn't being at the right school at the right time make you Rich? Works for Legacies at the Yale/Princeton/Harvard.

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    40. Re:By what definition of "rich"? by gweihir · · Score: 1

      Hehehe, while completely useless as a measure, I guess that actually is what people are doing....

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    41. Re:By what definition of "rich"? by dpilot · · Score: 1

      By "right school" I didn't mean Ivy or anything, I meant internet-connected. Though the likes of MIT or CMU aren't cheap, either. Since I don't remember the year, I don't remember how widespread internet acces was at that point.

      Or to put it another way, did Slashdot come before or after AOL let the unwashed masses onto the internet?

      --
      The living have better things to do than to continue hating the dead.
    42. Re:By what definition of "rich"? by Stuarticus · · Score: 1

      Immigrant children who parents work

      What you teaching, champ? My guess is you are making this all up, but what do I know.

      --
      If you think someone isn't free to have a different definition of "freedom" you may be a tyrant.
    43. Re:By what definition of "rich"? by cheesybagel · · Score: 1

      This. Plus it comes as little surprise than the unemployed and underemployed 'work less hours'.

    44. Re:By what definition of "rich"? by sumdumgai · · Score: 1

      HAHA.. My community college was Internet connected in 1975. What colleges were not connected in the early 90's?

      --
      âoeIn theory, theory and practice are the same. In practice, they are not." â Albert Einstein
    45. Re:By what definition of "rich"? by fustakrakich · · Score: 1

      Silly me, here I am thinking the article was about the US...

      --
      “He’s not deformed, he’s just drunk!”
  2. That's a strange definition of "rich" by gman003 · · Score: 5, Insightful

    If all you need to be rich is a college degree, then hot damn I'm already rich! When do I get my mansion, limousine and trophy wife?

    It sounds more to me like "the educated now work longer hours", or maybe "the middle class now works longer hours" if you want to keep it related to income.

    1. Re:That's a strange definition of "rich" by NIK282000 · · Score: 5, Insightful

      How about 'People with 60k in student loans work more hours.'

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    2. Re:That's a strange definition of "rich" by K.+S.+Kyosuke · · Score: 3, Funny

      That would be me...

      --
      Ezekiel 23:20
    3. Re:That's a strange definition of "rich" by mrchaotica · · Score: 2

      In the article (by the economist, which is usually pretty decent) it compares how currently the higher you go in the income scale, the more you work.

      To a point, that is. The article talks a lot about college-educated knowledge workers (i.e., the upper-middle class), but it conspicuously fails to mention how many hours C-level executives etc. (i.e., the actual "rich") work.

      --

      "[Regarding the 'cloud,'] ownership was what made America different than Russia." -- Woz

    4. Re:That's a strange definition of "rich" by Anonymous Coward · · Score: 1

      How about 'People with 60k in student loans work more hours.'

      How'd you get it so cheap ?

    5. Re:That's a strange definition of "rich" by PIBM · · Score: 2

      He's been paying it up for the last 20 years..

    6. Re:That's a strange definition of "rich" by Bite+The+Pillow · · Score: 3, Insightful

      Economists tend to use proxy measurements instead of doing a new survey measuring exactly what they want to talk about. It saves time and money. In this case, college educated people do tend to make up more of the upper and upper middle classes, so it is not a terrible proxy measurement.

      Further, it avoids the immediate dismissal based on "author drew an arbitrary line that supports his idea." There is no argument about who is rich. Lots point out student debt, but miss the point that when it is paid off the educated have higher salaries and can catch up more quickly.

      That said, there are so many oversimplifications in the article it is nearly pointless. Most notably, few people earning in the "rich" bracket get paid hourly overtime and decide "to work the extra hour." In USA, they are exempt, and have to work a minimum of 40 hours, usually slightly more. Most hourly jobs do not pay well, and do not give you the option for overtime regularly, and frequently give 30 hours to avoid giving full time benefits.

      There is no mystery here that requires the input of an economist to solve. Obvious statistics answers it. The explanations apply to a very small percentage.

    7. Re:That's a strange definition of "rich" by phantomfive · · Score: 5, Insightful

      Maybe, but I know what it's like to live with dirt floors, without any running water or even a well in your yard. You can check it out, but in all likelihood you are probably already in the 1%, so yeah you are rich.

      Yeah, your rent is higher, but you are probably so rich you turn on the faucet and pour potable water down the drain waiting for it to heat up, without even thinking about it. Most likely you have carpet or wood floors, not concrete or dirt. If you live somewhere hot in the US, you probably have air conditioning. You probably have a car. You probably never worry about not having enough food. You can go on vacation in Hawaii if you feel like it.

      If you have a median US college degree income and you don't feel rich, it's only because you've gotten used to the feeling of being rich, just like we've all gotten used to the feeling of electric lighting, but that is magical.

      --
      "First they came for the slanderers and i said nothing."
    8. Re:That's a strange definition of "rich" by scamper_22 · · Score: 1

      Only the super super mega wealthy rich don't really work hard... and even that is purely based on my imagination of how they live.

      Every other person from executives down to managers down to the middle class workers works damn hard. It's one of the reasons I've often turned down the management path. I saw my old managers and I thought, that is not my life.

      It's one of the reasons it is very hard to say raise taxes. People are working so damn hard. 50+ hour week, deadlines, no security... and people want to take more of their money to give it to people who often work less. Then they're often pushed to even work harder to keep up their living or generate more profits...

      We could certainly become more leftist, but that has to start with the middle class/rich workers. More vacation time. More job security. Less overtime... This makes people more amenable to then providing other programs and higher taxes and what not.

      But the way things stand right now. It's pretty crazy.
      Automation, computing... should be having us working less, job sharing...
      We should not be having a smaller and smaller group of highly educated folks working harder and harder to support the welfare state. It's almost mathematically impossible at this point.

    9. Re:That's a strange definition of "rich" by NIK282000 · · Score: 1

      Actually I went right into trades as an electrician (the diagnostic and repair type, not the 'put a plug in your bathroom' type). No student loans for me!

      --
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    10. Re:That's a strange definition of "rich" by taiwanjohn · · Score: 3, Insightful

      This issue is far too complex to express in a single variable such as hours worked. The poor have less access to child care, for example, and are more likely to be in single-parent households. Recall the woman (Charlene Dill) who died in Florida a few weeks ago? Much has been said on the left and right about her case (because she fell into the insurance "donut hole" created by Florida's refusal to accept federal money to expand Medicare) but the fact remains she was working 3 part-time jobs trying to make ends meet, while trying to raise 3(?) kids on her own. That's a tough row to hoe, by any standard.

      And her story is hardly unique in these times. Real wages have been flat for three decades, while worker productivity has steadily risen over the same period. Meanwhile, CEO pay is through the roof, corporate earnings are better than ever, and effective tax rates on corporations and the wealthy elites are lower than ever. There is no longer any room for doubt that we are living in a plutocracy, not a democracy. And according to a recent NASA study, that is a prime indicator that we are a society on the brink of collapse.

      These factors can lead to collapse when they converge to generate two crucial social features: "the stretching of resources due to the strain placed on the ecological carrying capacity"; and "the economic stratification of society into Elites [rich] and Masses (or "Commoners") [poor]" These social phenomena have played "a central role in the character or in the process of the collapse," in all such cases over "the last five thousand years."

      ...

      Elite wealth monopolies mean that they are buffered from the most "detrimental effects of the environmental collapse until much later than the Commoners", allowing them to "continue 'business as usual' despite the impending catastrophe." The same mechanism, they argue, could explain how "historical collapses were allowed to occur by elites who appear to be oblivious to the catastrophic trajectory (most clearly apparent in the Roman and Mayan cases)."

      ...

      "While some members of society might raise the alarm that the system is moving towards an impending collapse and therefore advocate structural changes to society in order to avoid it, Elites and their supporters, who opposed making these changes, could point to the long sustainable trajectory 'so far' in support of doing nothing."

      --
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    11. Re:That's a strange definition of "rich" by Anonymous Coward · · Score: 1

      Maybe, but I know what it's like to live with dirt floors, without any running water or even a well in your yard.

      Good to know.

      You can check it out, but in all likelihood you are probably already in the 1% [globalrichlist.com], so yeah you are rich.

      The top 5% by dollar value...except that I'm 99% that the figure is way off. Why? Because if you include just the EU and USA populations, that amounts to ~11% of the world population and I know with great certainty I don't make above average wages for those groups. Beyond that, if I try going by wealth, I'm close to ~37% but again that's in dollar values. In a pragmatic sense, a person from Ghana making $0.08/hr who only buys locally and subsists off their wages...subsists off their wages. Their living conditions may be improvable in a number of ways and that would require higher wages, but a large part of the difference of the poorest in the US and a worker in Ghana as far as wages go is simple cost of living. Now, if you want to talk about improving the standard of living in Ghana to be on par with the poorest in the US, that's a whole other discussion.

      Yeah, your rent is higher, but you are probably so rich you turn on the faucet and pour potable water down the drain waiting for it to heat up, without even thinking about it.

      And we should have running water in every home in the world. That we don't has a lot more to do with a lack of governmental organization, often backed by societies which believes that potable water is a luxury that only "hard" workers deserve.

      Most likely you have carpet or wood floors, not concrete or dirt.

      True enough. Then again, I don't think it'd even be legal to have a dirt floor as per building codes. And if it were concrete, I'd do like most do and buy/make rugs to cover space as I could.

      If you live somewhere hot in the US, you probably have air conditioning.

      True enough, although electric fans are more often used. Meanwhile, in Japan there's much more consideration about energy conservation (even before the whole Fukushima thing) and hand fans, ice, etc to stay cool. I don't think it's a simple matter of a metric of poor. Oh, and a lot of the places that are poor are constantly hot, so consider how most the US would behave on having to leave their air conditions on near year round.

      You probably have a car.

      No car.

      You probably never worry about not having enough food.

      Due to government programs. I couldn't rely upon charity alone.

      You can go on vacation in Hawaii if you feel like it.

      Not entirely impossible, but it'd have to be during a scheduled shutdown of the company--so, only perhaps a weeks notice to plan the vacation--and it'd take up one or two years of savings.

      If you have a median US college degree income and you don't feel rich, it's only because you've gotten used to the feeling of being rich, just like we've all gotten used to the feeling of electric lighting, but that is magical.

      Well, I don't have a median US college degree income. Nor do I feel rich. Nor do I want to feel rich. You see, there's more than just "rich" and "poor". Or, at least, there used to be. There used to be various degrees of "well off". Median US college degree income is "well off". "Well off" are capable of saving for years of hardship. Rich never have to work (beyond perhaps a dozen years total). Rich can burn through money in the most opulent of ways and still live a comfortable retirement. Even the most "well off" could be wiped out through a serious of unlucky events. Most of all because "well off" need to keep working and hardship tends to interfere with work.

      The point, of course, is that when you frame the discussion about the poorest

    12. Re:That's a strange definition of "rich" by phantomfive · · Score: 2

      So, lets talk less about how rich Americans are and how we as a world should make everyone rich. Of course to that end, it'd probably help to figure out why Americans are so materially rich and so much of the world is so materially poor. A big hint is, it isn't because a person in the US making minimum wage works 90x as hard or smart or whatever as a worker in Ghana.

      Let me guess, your solution is that the 'rich' should be made 'poorer?'

      --
      "First they came for the slanderers and i said nothing."
    13. Re:That's a strange definition of "rich" by s.petry · · Score: 1

      Exactly this!

      Strange to me how the middle class has become almost non-existent today, and the term rich has been changed to include the survivors of the destruction of the middle class. Sure, I'm rich to someone making 15,000/yr but I'm not 'rich' by any stretch of the imagination.

      I see this piece as an attempt to keep average people pitted against each other while ignoring the real problem. This link is from 2007, and disparity has been increasing for the last 40 years. In the 70s the US ranked 26th for fairness in wealth distribution. Today it's ranked the the worst of all the developed countries in the world, including Russia who we like to talk shit about. Another source just in case you are not sure what keywords to search for to find data.

      We are often falsely told that the top 1% pay most of the taxes in the US, and that is another piece of trash propaganda which is just another fabrication to keep people from looking at the real problem.

      --

      -The wise argue that there are few absolutes, the fool argues that there are no probabilities.

    14. Re:That's a strange definition of "rich" by 517714 · · Score: 1

      Not a recent NASA study, a NASA funded study. NASA, notably, didn't put their stamp of approval on it - in all likelihood because the authors did not reach their conclusions through proper methodology. A "thought experiment" is not suitable for reaching conclusions, only for developing a hypothesis. In other words, it is a complete fabrication presented as having some scientific basis and misrepresented as being the conclusions of a respected governmental and scientific body.

      --
      The US government have made it clear that we have no inalienable rights; any we do not defend vigorously will be taken.
    15. Re:That's a strange definition of "rich" by bayankaran · · Score: 2

      There is no longer any room for doubt that we are living in a plutocracy, not a democracy. And according to a recent NASA study, that is a prime indicator that we are a society on the brink of collapse.

      US might be a plutocracy, but not a society about to collapse.
      US has a great middle class, and even with the current crises, they are yet to get into lower class/poor. And even when you are poor, you don't starve.
      Unless a huge shift occurs and the current middle class starts starving the collapse you are worried about won't happen.
      The Arab spring occurred in countries where the middle class was not really strong - in numbers and social indicators. In Tunisia a man self immolated out of the tragic circumstances of not being able to feed his family. This seminal event kickstarted the uprising.
      Saudi Arabia for all purposes is ripe for spring cleaning, but the middle class gets a lot of handouts from the rulers and they get fat and lazy. So there will be a lot of diabetes and heart attacks, not society collapsing.

      --
      Tat Tvam Asi
    16. Re:That's a strange definition of "rich" by jc42 · · Score: 1

      If all you need to be rich is a college degree, then hot damn I'm already rich!

      Heh. My first reaction was "If you have to work at all, you're not rich."

      The "rich" they're talking about are what most of us call upper-middle class.

      I've read several explanations of why most of the US's truly rich pay no income tax. The reason can be summarized by merely observing that little or none of the money they have or receive legally qualifies as "income".

      --
      Those who do study history are doomed to stand helplessly by while everyone else repeats it.
    17. Re:That's a strange definition of "rich" by dontbgay · · Score: 1

      If it's to the detriment to society on the whole, why not? Honest question. None of that "slippery slope" nonsense.

      If your foot had inoperable cancer, would you let the cancer grow? Or would you cut it off?

      --
      Sig not found.
    18. Re:That's a strange definition of "rich" by taiwanjohn · · Score: 1

      Not a recent NASA study, a NASA funded study.

      I stand corrected. OTOH, pretty much any study in economics is not much more than a "thought experiment", no? But when you look at the observable facts, there's no doubt that inequality has been steadily rising for decades, alongside increasing influence of "big money" on politics (and not just in the USA). So I contend that the point about plutocracy stands. And if the NASA-funded findings about collapse are, perhaps, a bit sensational, they don't strike me as nonsensical or unexpected.

      --
      XML is like violence. If it doesn't solve your problem, you're not using enough of it. --AC
    19. Re:That's a strange definition of "rich" by nnull · · Score: 1

      As a business owner, I work longer hours than all my employees. They always complain about their 8 hour work day when I'm sitting in the office every day for more than 14 hours a day working to get clients for all of them to even have a job.

    20. Re:That's a strange definition of "rich" by Ozymandias_KoK · · Score: 1

      An article saying that $100k+ earners pay 72% of federal taxes doesn't at all tell you what the top 1% pay, you know. They're in that same group and those numbers don't say if a subset of the $100k+ earners pays a higher fraction or not.

    21. Re:That's a strange definition of "rich" by s.petry · · Score: 1

      I realize that none of those articles state that exact verbiage, but if you read each you easily have enough information to back my claim.

      First, 100K earners are 'middle class' and have been for some time. This is not "new", 100K has been middle class since the 90s for family income. The extreme upper middle class in the 90s I'll agree, but not "rich" people.

      * The top 10% earners on average have seen a 346% income increase and at the same time a 48% income tax decrease since 2007 Those are the tax laws, not the offshore safe havens so we don't have actual numbers. In other words, at least a 48% tax reduction. The top 1% dwarfs the growth in income and corresponding tax reductions seen by the other 9% out of the top 10%.

      If the 100K plus earners (which includes middle class) pay 72% of the income tax yet the top 10% are paying 48% less income tax, where is the difference coming from? It sure as hell is not the million dollar club, but the upper middle class tax payers with the burden.

      --

      -The wise argue that there are few absolutes, the fool argues that there are no probabilities.

    22. Re:That's a strange definition of "rich" by phantomfive · · Score: 1

      I honestly have no idea what you just said. It seems rather rambling.

      --
      "First they came for the slanderers and i said nothing."
    23. Re:That's a strange definition of "rich" by phantomfive · · Score: 1

      You're probably too young to have saved much. Or yeah, maybe you aren't saving much, but a lot of people who are close to retirement have a ton saved up.

      --
      "First they came for the slanderers and i said nothing."
    24. Re:That's a strange definition of "rich" by phantomfive · · Score: 1

      Well, now you are asking a question about a hypothetical situation.

      Why not? Because it's more productive to focus on making the poor richer. Build up, not tear down.

      --
      "First they came for the slanderers and i said nothing."
    25. Re:That's a strange definition of "rich" by phantomfive · · Score: 1

      By building up, you are tearing down. There's a name for it: "inflation.",

      Not really, when people are capable of producing more, then there is more for everyone. It is the opposite of inflation.

      --
      "First they came for the slanderers and i said nothing."
    26. Re:That's a strange definition of "rich" by phantomfive · · Score: 1

      So you're poor and you suck at life? What exactly do you want me to tell you? It's not like making a living is hard in Sweden, it's a good country.

      --
      "First they came for the slanderers and i said nothing."
    27. Re:That's a strange definition of "rich" by phantomfive · · Score: 1

      Sweden is not a poor nation compared to Australia

      --
      "First they came for the slanderers and i said nothing."
    28. Re:That's a strange definition of "rich" by airdweller · · Score: 1

      Do they get paid the same amount as you do? Will they be paid the same as you in the future? Do they have the same amount of control over the company? Can they fire you for no reason whatsoever and hire somebody else? Can they write off your business expenditures as their own?

      "I'm sitting in the office every day for more than 14 hours a day working to get clients for all of them to even have a job."
      So, you're in it just so that those people could have jobs? How noble and generous of you.

  3. The definition of work has changed too by Enry · · Score: 1

    If I reply to an e-mail or write code at night, is that considered work? It's not like I can serve McDonald's or sweep floors or tighten a bolt just after waking up and rolling out of bed. I had yesterday off (I'm in MA) but still put in a few hours of work because there was stuff I wanted to get done.

    1. Re:The definition of work has changed too by Katatsumuri · · Score: 1

      If you are a freelancer, or one of the company owners/founders, and you do that because that's how you prefer to spend your time, then it's up to you whether you count it as work.

      If you have to do this because of your manager's expectations or peer pressure, when you would prefer to do other things, then yes, I would say it counts as work.

      And yes, a lot of our modern "work" is not as physically straining as the jobs 100 years ago, but it is still work, and it may be hard and stressful sometimes.

      The troubling situation is when the top management expects from their employees the level of commitment that only makes sense for the owners with much higher stakes and potential pay-off.

  4. Hourly versus Salary by cgfsd · · Score: 1

    Most of the higher paying jobs tend to be salary, which 40 or 50 hours pays the same.
    Companies are cutting back on overtime, so the lower paying jobs are kept at 40 hours or less.

    1. Re:Hourly versus Salary by Andy+Dodd · · Score: 5, Informative

      Probably even better-correlated than this:
      Jobs which require college degrees are almost always salaried, which provides no reward for working extra hours (but it's expected of you)
      Jobs which do not require college degrees are almost always hourly - which provides significant reward for working extra hours (but it's discouraged because it costs the company money)

      There are hourly non-degree jobs that can pay quite well nowadays. (Construction can actually be quite lucrative...)

      --
      retrorocket.o not found, launch anyway?
    2. Re:Hourly versus Salary by sycodon · · Score: 1

      Obamacare says full time is 30 hours. Look for the average hours to shrink further as more and more employers seek to avoid Obamacare costs.

      --
      When Fascism comes to America, it will call itself Anti-Fascism, and tell you to give up your guns.
    3. Re:Hourly versus Salary by Nidi62 · · Score: 3, Interesting

      Probably even better-correlated than this: Jobs which require college degrees are almost always salaried, which provides no reward for working extra hours (but it's expected of you) Jobs which do not require college degrees are almost always hourly - which provides significant reward for working extra hours (but it's discouraged because it costs the company money)

      There are hourly non-degree jobs that can pay quite well nowadays. (Construction can actually be quite lucrative...)

      This. I actually have a graduate degree but am currently working an hourly job (working my way up through the company). Topped out hourly wage (10 years) is over $4k a month, with OT coming out to around $30 an hour. Salaried management jobs start around $50 a year. So a topped out hourly worker with no OT makes about as much as a new salaried supervisor. I knew people not topped out pulling in $70-75k a year with OT (same as a supervisor at topped pay, and working about the same amount of time each week), and there are some hourly people topped out pulling in over $100k. And this job requires only a high school degree. I am actually up for a job right now that several of my coworkers are more capable for than me, but because it comes with a minimal pay increase (and a lot more stress) and they are topped out, it isn't even worth it for them to take as they can make more in 8 hours of OT than the job gives monthly in extra pay.

      --
      The only thing necessary for evil to triumph is for it to be pitted against a slightly greater evil
    4. Re:Hourly versus Salary by SJHillman · · Score: 1

      Obamacare really deviated from the standard in this respect. I don't know of anything else that considers full time less than 35 hours (most are 37.5 or 40 hours).

    5. Re:Hourly versus Salary by Anonymous Coward · · Score: 1

      In the Netherlands everyone considers 32 hours to be full time. I work 32 hours.

      A normal work week is 40 hours. Employers must allow employees to work slightly less, 36 hours with reduced pay (1 day extra off every two weeks). Many employers allow 32 hour work week.

      To government has been actively pushing for a 32-36 hour work week, because on average this allows for 20% more people to be employed reducing, unemployment. Therefore government agencies and banks (in case of giving out loans) must see a 32 hour work week as full time employee.

    6. Re:Hourly versus Salary by Shadow99_1 · · Score: 1

      For Pennsylvania (the state I live in) Full Time is 30-40 hours with overtime required after 40 as an hourly employee. However for benefit purposes benefits are rarely paid for less than 35 hours per week of work. This means most jobs will be 35-40 hours/week (full time) or sub 30 hours/week (part time) with nothing really in between.

      I have worked full time with benefits in my state quite extensively, as well as multiple times below thirty hours a week without benefits. Part time has always sucked and my state is one that has not increased medicare to match the minimum federal aid levels for 'obamacare'. So I know several people working part time now that cannot get health care form the state and also do not meet the minimum for help from the federal government. It's a horrible position to be in.

      --
      we are all invisible unless we choose otherwise
  5. It makes sense by wjcofkc · · Score: 3, Insightful

    Often part of being poor means having your hours cut on top of already low pay.

    --
    Brought to you by Carl's Junior.
  6. "Working" by Dancindan84 · · Score: 4, Funny

    This submission brought to you by someone who's probably reading /. when they're supposed to be working.

    --
    "Always forgive your enemies; nothing annoys them so much." - Oscar Wilde
  7. College degree != rich by BitZtream · · Score: 4, Insightful

    Anyone who thinks it does is pretty ignorant. I don't really care what your definition of rich is.

    --
    Persistent Volume manager for Kubernetes - https://github.com/dwimsey/openshift-pvmanager
  8. "rich" jobs can be done from anywhere by alen · · Score: 1

    with telecommuting you can work from anywhere, including home

    VPN, Citrix, web apps all make it easy to work at home. plus side is you can pick your kids up from school and not pay for after school child care

  9. When you have 3 jobs by jmd · · Score: 1

    And have to ride the bus it's kind of hard to get those extra hours in the rich people do.

    1. Re:When you have 3 jobs by Stonent1 · · Score: 1

      Wait... If I understand this correctly you're saying "It's hard to get extra hours when you're busy working all the time" ?

    2. Re:When you have 3 jobs by PortHaven · · Score: 1

      Well the rich do it by including their commuting time as part of their "hours worked"

  10. Bye Slashdot by SoupGuru · · Score: 3, Funny

    Fuck you and your political baiting, libertarian fantasy world, clickbait, NON-TECH bullshit this last year.

    Where are the smart techies hanging out these days? I enjoy hearing them talk shop.

    --
    What doesn't kill you only delays the inevitable
  11. What's that got to do with "rich"? by Opportunist · · Score: 2

    That article has more holes than my old socks, and it even smells way worse.

    Determining "rich" and "poor" by education is, well, rich. One could also say that the workload on college educated people went through the roof, while low skilled labour was laid off (which is one of the reasons why college boy gets to work overtime since he now has to write his own letters, clean his own desk and empty his own basket).

    Of course that results in way more leisure time for the uneducated. Hey, if you have no job, you have 24 hours of leisure time a day, beat that when you're employed!

    --
    We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
  12. Obamacare as a cause? by xxxJonBoyxxx · · Score: 4, Informative

    I have more than a few friends on the low end of the pay scale who've been pushed down below 30 hours a week by their employers so their employers stay clear of Obamacare insurance mandates. (e.g., http://www.theguardian.com/wor... ) It usually comes across as a double-whammy: now they have less money in their pockets, and they're still up a creek in terms of health insurance.

    1. Re:Obamacare as a cause? by Jahta · · Score: 3, Interesting

      I doubt it. In the UK (where there is a well established public health system) employers have been getting increasingly fond of zero-hours contracts over the last few years. If you want to talk "double whammy", these contracts not only do not guarantee you any hours in any given week (hence the name) but you are usually contractually forbidden from working for anybody else; you are supposed to be always "on call". So you aren't working many hours, and you're poor. Oh brave new world!

    2. Re:Obamacare as a cause? by Xaedalus · · Score: 1

      Then support single payer. Or, support the move to divest health insurance from employment completely.

      --
      Here's to hot beer, cold women, and Glaswegian kisses for all.
    3. Re:Obamacare as a cause? by Person147 · · Score: 1

      And they still get free healthcare at point of delivery.

    4. Re:Obamacare as a cause? by mjwx · · Score: 1

      Then support single payer. Or, support the move to divest health insurance from employment completely.

      This,

      It's not rocket science, as long as employers have power over their employees health insurance, they'll find ways to avoid their commitments. Especially when the employees are poor (cant afford lawyers) and unionism is demonised.

      Other countries have managed to create working health care systems which involve both public and private sources but don't depend on an employer. Giving your employer power over something as important as health care is tantamount to indentured servitude.

      --
      Calling someone a "hater" only means you can not rationally rebut their argument.
  13. im seriously supposed to believe this?! by nimbius · · Score: 5, Insightful

    Poor people may only work 20 hours per week, but i assure you its not fucking apathetic leisure they revel in. These hours have been intentionally redacted by large multinational corporations so as to create a permanent underclass of part time workers that is forced to take on two or three jobs in order to create a normal work week capable of sustaining basic rent and food. their total time spent at different jobs can easily total more than 50 hours per week. They spend long, odd hours standing at bus terminals waiting on neutered public transit systems to get them to starbucks after they work their walmart shift and then later, hopefully, back to mcdonalds to their fry cook job. their 'downtime' is sometimes spent figuring out how to balance getting their kids clothed and their bills paid without taking food off the table.

    The economist is so detatched from the concept of poverty and the culture of indentured servitude in the service sector of the United States as to be bad comedy.

    --
    Good people go to bed earlier.
    1. Re:im seriously supposed to believe this?! by Anonymous Coward · · Score: 3, Insightful

      Or Obamacare made the cost of a working doing 31 hours a week twice as much as one working 29 hours a week.

      Now who is it again forcing a permanent underclass reliant on food stamps and welfare?

    2. Re:im seriously supposed to believe this?! by sribe · · Score: 3, Informative

      These hours have been intentionally redacted by large multinational corporations so as to create a permanent underclass of part time workers that is forced to take on two or three jobs in order to create a normal work week capable of sustaining basic rent and food. their total time spent at different jobs can easily total more than 50 hours per week.

      While that used to be the case, it's not any more. Now most of those low-paying low-hour jobs are in retail, and schedules change weekly based on projected customer traffic, so workers are told with only a few days' notice which hours they will be expected to work in the coming week, and if they don't show up for those hours, they are fired. In other words, the large multinationals have now succeeded in rigging the game such that these people CANNOT hold multiple jobs any more. Working your ass off at 3 jobs in order to improve your financial position is now literally impossible for many people.

    3. Re:im seriously supposed to believe this?! by asylumx · · Score: 1

      Given the numbers you provided, you make over $19/hr. You are working class, not lower class.

    4. Re:im seriously supposed to believe this?! by ausekilis · · Score: 1

      Exactly this. I've known more than one person struggling to make ends meet and have heard a number of stories of places like Wal-Mart intentionally limiting a persons hours to avoid having to pay health care or benefits for their employees. Regardless of that employees needs or desires, they may only get 15-20 hours a week. I take it the Economist hasn't looked at other news lately and seen mothers shoplifting school supplies and clothing for their kids.

    5. Re:im seriously supposed to believe this?! by meta-monkey · · Score: 2

      I wouldn't necessarily say "succeeded at rigging the game." More likely, they've made better use of data they have available to optimally schedule workers. I can't blame them...it's not Wal-Mart's responsibility to make sure you can work a second job.

      The game is indeed rigged, but in this one instance I don't think it was intentional.

      --
      We don't have a state-run media we have a media-run state.
    6. Re:im seriously supposed to believe this?! by asylumx · · Score: 1

      No, the point is that you think $32k is not a lot of money, and I know plenty of people who would feel rich if they were making a solid $32k right now. Your anecdote falls short. In 2004, I was married, my wife didn't work, and yet we were able to afford our own house, two cars, food, and student loans on only about $27k/yr gross and still had room for extra things like a decent TV or upgrades to the house. $32k income for a single person may not be rich, but it's not even close to poverty. The top of this thread is talking about the poor. You are not poor.

      In addition to all that, many people in these situations were not as fortunate as you and I were to be taught how to manage our money. When they do get a little bit ahead, you see them blow the extra money on something stupid instead of socking it away in case something happens, or trying to eliminate a debt (and therefore a payment).

    7. Re:im seriously supposed to believe this?! by sribe · · Score: 1

      The game is indeed rigged, but in this one instance I don't think it was intentional.

      I agree that particular outcome was probably not a goal, at least not a primary one. But it was predictable and they certainly do not care about the effect on workers.

    8. Re:im seriously supposed to believe this?! by strikethree · · Score: 1

      These hours have been intentionally redacted by large multinational corporations so as to create a permanent underclass of part time workers that is forced to take on two or three jobs in order to create a normal work week capable of sustaining basic rent and food.

      And it shows that YOU are out of touch as well... but at least you appear to care. The long and short of it is that they CAN'T work 3 jobs because each 20 hour employer varies the schedule wildly from week to week in an attempt to keep the 20 hour employee from working any other jobs.

      Why does an employer care if you have another job outside of your 20 hours? I would assume it is to ensure that your other commitments do not interfere with the job they hired you for. I really do not know... but it is absolutely fucking evil. Either pay enough for a person to live or schedule them reliably so they can work another job too.

      --
      "Someone needs to talk to the tree of liberty about its ghoulish drinking problem." by ohnocitizen
  14. Educated =/= rich by bravecanadian · · Score: 1

    Being educated doesn't make you rich.

    It is not news that people are being required to do more so that the real rich people don't have to hire more workers --- this way they can keep more for themselves!

    The actual rich people that I know do very little if any productive work. They do spend a lot of time talking, delegating all actual work, and pretending they are very smart, though.

  15. Re:Never was the class of Leisure by Sarten-X · · Score: 1

    In a previous job, I've worked directly with and for multi-millionaires, and this is pretty close to right. Perhaps it was just my employer's clientele, but I've rarely seen anyone as dedicated to their professions. It was not uncommon for our office to get calls from 7AM to 11PM from a single client working on a project. For many of our richest clients, the idea of "off the clock" was something that everyone else cared about.

    It helps that most of our clients had enough money to choose their profession, so their work was usually their passion. Interestingly, that was partly what led me to quit that job, and move my career closer to the kind of work I would do for fun.

    --
    You do not have a moral or legal right to do absolutely anything you want.
  16. Working 62 hours a week, still in debt by nucrash · · Score: 2

    Currently I work around 62 hours a week with a 45 minute a day commute. Presently I consume more than 72 hours of my week either working, traveling to or from work.

    So... when do I get the money? I suppose I could get an extra job on the weekends and see if I could get a full 80 hours a week, but for right now, from 6:30AM to 11:30PM, Monday through Thursday and 6:30AM to 4:00PM on Friday, I am pretty damned busy.

    Not rich by any standard. Have a used car, 60 year old 800 sq ft home, no wife, no kids.

    How others do it on less, I don't know.

    --
    Place something witty here
  17. Middle Class != Rich by PortHaven · · Score: 1

    Okay, first off, if we're talking college educated salaried middle-class workers. We are NOT talking the RICH.

    We're talking about those who basically, live near the same quality of life as the working class, except they receive no government assistance, and basically have more assurances and insurances (ie: have newer cars, have basic life insurance policies, have health insurance, etc). And get to take a vacation once a year.

    That's NOT rich...

    ***

    The rich, are working less and less. I remember reading an account of a wealthy 1% lambasting how many hours he had to work and how that was why he was rich.

    He logged as time worked: his commute, his time at the gym (must look professional folks), business lunches, dinners, and cocktails (that's right, eating and drinking on company dime is so so so much work - mind you, even when an average joe worker has a company dinner such as a retirement party. That time is on your dime, no pay, deducted from your hours.) By the time I extracted all the lame and weird add-ons, the guy basically was working 35 hours a week at best.

    That is the "rich"...

    1. Re:Middle Class != Rich by bigpat · · Score: 1

      Heck it isn't even true anymore that getting a bachelor's degree guarantee's that you will receive a middle income salary. At least not a salary that will allow you to live a middle class lifestyle unless your parents were already rich.

    2. Re:Middle Class != Rich by PortHaven · · Score: 1

      I have a friend who graduated with a social work degree. Discovered, there are lots of jobs, but none that pay. (Wife and I shook our heads seeing an ad for a social work position requiring a masters, it offered $35K salary - how do you live on that, let alone pay off a masters?)

      So my friend went back to school for nursing. Senior year she failed a class for a second time. *boop* Out of the program. Now stuck with a ton of student loans she'll never be able to pay.

      Colleges are protected their from bad business practices. They might as well rape and pillage the young.

  18. A few reasons for this... by erp_consultant · · Score: 3, Insightful

    Many of the people I work with might be called "high achievers". Whether it is work or school or sports, these people tend to work the hardest and get the best results. Being the best at something requires a commitment - not only of effort but of time. So they work overtime. Not because they are expected to but because they want to. For them the reward is not the overtime pay but the satisfaction in knowing that they have put forth their best effort.

    As others have mentioned, non-degree jobs are often hourly. So any overtime has to be approved. There is a direct link between pay and performance. So you may tend to see fewer people working "off the clock" in these sorts of occupations.

    Personally, I'm in a college educated job but with an hourly rate rather than salary. I have been salaried before and I prefer hourly. Why? Because it is my observation that many companies take advantage of salaried by asking them to work overtime without any compensation. You might get some vague promise of "we'll take care of you down the road" but that rarely pans out.

    To the high achievers I would say this: If you want to work all kinds of overtime because it makes you feel better then knock yourself out. Just don't expect everyone else to follow the same path. Some of us have other priorities.

    1. Re:A few reasons for this... by PortHaven · · Score: 1

      Please note this guy is a consultant, so take his claims with a grain of salt. ;-)

  19. No, That's incorrect... by PortHaven · · Score: 5, Insightful

    You're evaluating the middle income as equivalent as the middle class. This is incorrect thinking.

    Middle Class is not the middle of average income, it is the class level in the middle of the working/incomed classes. To explain further, what you are saying is like stating the top 33% of of Americans are the rich, the middle 33% the middle class, the bottom 33% the working poor class.

    With that logic, the income gap between someone in the working poor and the rich class is a few tens of thousands. Clearly something is inaccurate with your logic. You're essentially saying a $75,000 income puts you into the rich category that includes folks earning $500K - $500 million a year.

    Classes are not defined by quantity, in other words, a feudal system had 3 classes. Peasants, Lords, and field lords (knights and such middle-class). In the break down, 95% or more fell into the peasantry.

    Likewise today,...

    Working Class is by far one of the largest.

    Middle Class is also large, but shrinking. Middle class is defined by a quality of life factor. Usually defined by owning home, reasonably functional somewhat newer vehicles, being able to take a moderate vacation (Disneyworld, international travel, cruise, etc, periodically), having a safety net, retirement accounts, etc. Upper end may have a small vacation home.

    Wealthy Class, usually has multiple homes, travels first class, may own private air or yachts, or other high end expensive recreational items in the $100K+ mark. Often do not have to do work, simply manage investments and resources. Often pays a low margin on taxes due to ability to maximize loopholes, capital gains, etc.

    1. Re:No, That's incorrect... by gx5000 · · Score: 2

      Thanks for saving me the time to express what SHOULD be common knowledge but, as we know, isn't for some strange reason.

      --
      End of Line.
    2. Re:No, That's incorrect... by aaarrrgggh · · Score: 1

      Moreover, Rich is defined by wealth/assets, not income. When people focus on income disparity they miss the real issue which is concentration of wealth. A smart wealthy person only has income to offset costs, and everything else just accumulates.

    3. Re:No, That's incorrect... by i+kan+reed · · Score: 5, Insightful

      Throughout history, the defining characteristic of the powerful versus the powerless has always been "works to earn a living" versus "Has others work to earn a living for them." I'm always hesitant to bring up that distinction in political discussions, because some disingenuous asshat will be inclined to pretend the meager(and temporary) social safety net the US provides is a living, which makes it impossible to actually discuss that separation.

      The key is, once your lifestyle is secure, you can fully focus your efforts on expansion, rather than maintenance, letting you play social climber, investor, or entrepreneur with much greater freedom. And that last one is a good thing, as long as the first two don't represent a rent-seeking upper class that threatens to topple the entire social structure of the nation.

    4. Re:No, That's incorrect... by Sarius64 · · Score: 2

      You must be living in Arkansas. $75,000 would barely pay the needs of a single person in southern California. You certainly wouldn't be able to afford that 5 bedroom house anywhere around here on that salary. $75K is nowhere near rich.

    5. Re:No, That's incorrect... by AlphaWolf_HK · · Score: 1

      Middle Class is also large, but shrinking. Middle class is defined by a quality of life factor. Usually defined by owning home, reasonably functional somewhat newer vehicles, being able to take a moderate vacation (Disneyworld, international travel, cruise, etc, periodically), having a safety net, retirement accounts, etc. Upper end may have a small vacation home.

      That's a very broad definition. I make less than $10,000 per year right now, yet all of that applies to me. No rich parents gave it to me either; rather I'm just VERY good at money management.

      For example, I drive in a 2005 Buick Regal that I got for some trivial amount some 5 years ago (I think $1,500?) It's a pretty damn nice car too. Sure it doesn't have an infotainment system, but I've never found myself needing one (my tablets and smartphones seem to do a better job at those tasks.) It's a salvage title car, but you'd never know that without looking at the paperwork, and I've never had to make any serious repairs to it. Once when I was in a fender bender, I had to drive a 2011 (or 2010? don't recall exact year) Dodge Sebring. Compared to my car, it was a piece of shit, yet it had a bluebook value some 8 times of what my car was. Strangely enough, people pay this money for those turds.

      Things like the above are all about money management; I spend very effectively.

      Often do not have to do work, simply manage investments and resources.

      That's not a very reasonable distinction. The jobs I've had rarely involve any physical work as they generally involve not much more than me simply making decisions and executing them. In the end, what's the difference?

      --
      Careful with names containing L slashdot.org/~AiphaWolf_HK slashdot.org/~AlphaWoif_HK slashdot.org/~AiphaWoif_HK
    6. Re:No, That's incorrect... by Carewolf · · Score: 1

      That's not a very reasonable distinction. The jobs I've had rarely involve any physical work as they generally involve not much more than me simply making decisions and executing them. In the end, what's the difference?

      The difference is that you need a job. If your personal wealth were 20x your current income, you could earn that income in interest alone and never need to work (plus the tax would be much lower).

    7. Re:No, That's incorrect... by rezme · · Score: 3, Informative

      I'd have to say that the whole "drug using welfare junkie" meme is a fallacy. They tried to do the drug testing for welfare checks thing here in Florida, and the program essentially lost significantly more than it would have saved. In the article I read, only 2.3% failed the drug tests, which seriously undermines the assertion that everyone who collects a welfare check is a junkie.

    8. Re:No, That's incorrect... by ohnocitizen · · Score: 2

      What amazes me is that anyone considers it ethical to impose restrictions upon the poor the wealthy do not have to deal with. Want society's support? You better be willing to uproot yourself and move or you are out of luck. Surely we can do better.

      "Most humans will be lazy if you let them be." Citation Needed.

      "In NYC the average person pays $300 plus a month in rent just to cover the social safety net" - I don't believe you. Source?

    9. Re:No, That's incorrect... by i+kan+reed · · Score: 1

      In NYC, $300 of rent will get you 1/6th of a studio apartment. I will believe literally any statement about New York rent, no matter how extreme or contrary to my political views.

    10. Re:No, That's incorrect... by ohnocitizen · · Score: 1

      I live here. $300 won't even get you a shared room unless you are very far from the city. Rent is crazy expensive, even in previously less expensive areas in Brooklyn and Queens. Plus there is little connection between what we pay in rent and the "social safety net", unless you want to stretch the impact of low rent housing on surrounding rents. No wonder the original post was as AC.

    11. Re:No, That's incorrect... by PortHaven · · Score: 2

      Must be Ar-Kansas...

      Cause for many of us, even once we pay off our mortgages. We still owe about $4K-$8K in taxes, and home insurance. And I guess not every person, not even in IT, needs internet or a cell phone.

      $2,500/month
      -$1,000/month house
      (that's for a $100K home ($500 mortgage, $500 taxes + insurance), maybe there are low taxes so $750 where you live.)

      -$300/month Utilities (and I'm being rather kind, that's electric, heat, water, etc)

      - $25/month Phone

      - $25/month Internet (can anyone find even DSL at this price? for me its closer to $60)

      - $300/month Food for 6, lots of rice and beans.

      - $50/month Gas

      Okay, we're at $1,700 of the $2,500. We've gone with excessively low dreamy estimates (about half of what most of us would actually pay). We have left out health insurance, you got the free ride on Obamacare, right? And we left off cars. Cause you bought a Honda 15 years ago and it still hasn't died. Unlike many of us, who've done ALL the required and recommended maintenance, and still had our cars die or need major repairs.
       

    12. Re:No, That's incorrect... by PortHaven · · Score: 2

      "rather I'm just VERY good at money management"

      No you're not...perhaps you're just living a simple life, that may be.

      You make less than $10,000/year.

      I'd like to know how you afford a somewhat new vehicle. (3 years old is considered somewhat new btw). But for even most cheap new or nused vehicles, you're looking at around $250+ easy.

      So of your $850. We've dropped it to $600.

      "I drive in a 2005 Buick Regal that I got for some trivial amount some 5 years ago (I think $1,500?)"

      Let's see, so 5 years ago, 2009. You got a 4 year old Buick Regal for $1,500. Okay, so in other words, someone handed you a gift horse? or you bought a stolen/damaged vehicle. Because you'd be hard pressed to buy that car for $1,500 today. Ah...salvage title, now the truth comes out. Not every state allows those to be easily registered btw. Nor are they always safe, all appearances aside.
      And individuals with children should be extremely cautious about taking such risks.

      "my tablets and smartphones seem to do a better job at those tasks."

      You've admitted to having tablets and smart phone.

      Let's knock off another $50/month for those.

      $800

      Okay, so you now have $800/month. This has to go to rent, food, etc.

      How much is your rent? Are you freeloading off a friend/roomate who covers most of the burden (mortgage, heat, utilities) and is just look for a roomate to ease that burden and drop some spending cash in his pocket?

      Let's say you're frugal on food...$75/month?

      And you still do some major travels, internationally? Disney? etc? We're not talking about freeloading with friends or camping.

      ****

      Sorry, I'm calling BS on this. That doesn't mean you don't have an excellent life, one that likely brings you far more happiness than most. Nor that you don't manage the small amount of money you have very well.

      That's cool that it works for you. And simple = good. But you don't really fall into the middle class.

    13. Re:No, That's incorrect... by i+kan+reed · · Score: 2

      That number, of course, lacks the context that 1/5 of Americans admit to using illegal drugs. That's a tiny number.

    14. Re:No, That's incorrect... by sumdumgai · · Score: 1

      And you would completely disagree with mathematics and statistics.

      --
      âoeIn theory, theory and practice are the same. In practice, they are not." â Albert Einstein
    15. Re:No, That's incorrect... by rezme · · Score: 1

      How many of that 1/5 collect welfare checks?

    16. Re:No, That's incorrect... by i+kan+reed · · Score: 1

      I don't know, how about we use my magic objective data-wand and find out... ...

      Why didn't that work?

    17. Re:No, That's incorrect... by rezme · · Score: 1

      I dunno, but if you keep playing with it, you'll go blind ;)

    18. Re:No, That's incorrect... by cwsumner · · Score: 1

      If you have a TV and a refrigerator, indoor plumbing and a roof over your head, then you are rich by the standards of most of the world !

  20. Re:Never was the class of Leisure by PortHaven · · Score: 1

    It takes three things to make money:

    1. Work
    2. Ability/Skill
    3. Luck

    Without all three, you do NOT get rich.

  21. Rich only have one job with benefits by ToasterTester · · Score: 1

    The non-rich the artcle refer to typically can't get full time so companies don't have to pay for health benefits. Most the poor have more than one job, so add up the hours. This article is the fantasy the rich tell themselves.

  22. Re:dog bites man by PortHaven · · Score: 1

    Realize the average blue collar worker picking up an extra 10-20 hours a week in the 70's, likely made $35,000 a year, equivalent today to $100,000.

    So actually no, the real thing is that when adjusted for inflation, we are likely making far less than yesteryear for the amoun of work we do.

  23. Re:Article is utter garbage. by PortHaven · · Score: 1

    Mod Up

  24. Work or watch TV? by tomhath · · Score: 1

    A study in 2006 revealed that Americans with a household income of more than $100,000 indulged in 40% less “passive leisure” (such as watching TV) than those earning less than $20,000.

    I'd rather work for free rather than sit on a couch watching television.

    1. Re:Work or watch TV? by Katatsumuri · · Score: 1

      I guess higher income also opens more options for entertainment.

  25. Re:dog bites man by oh_my_080980980 · · Score: 1

    Like the CFO for Yahoo? I think not....

  26. This statement is true... by PortHaven · · Score: 2

    "A study in 2006 revealed that Americans with a household income of more than $100,000 indulged in 40% less “passive leisure” (such as watching TV) than those earning less than $20,000."

    I can attest, that I work 40, commute 2+ hours a day. While those under $20K receive Section-8, Food Stamps, etc. And yes, they often have more free time to watch TV than I do. I get to watch Game of Thrones & maybe one other weekly show.

    Heck, we had friends who fell on rough times stay in our guest bedroom the past year. And I can personally attest that they've probably watched as much TV in a week or two as I have all year.

    1. Re:This statement is true... by Shados · · Score: 2

      reminds me of something "funny" that happened to be recently.

      I was on the market to buy a house. As it is in many areas, all new developments must have a percentage of section 8 housing.

      There's this new townhouse development walking distance from a main subway line, yet still far enough to be totally quiet, in a prestine neighborhood. The townhouses were between 700 and 850k each. One of them, a 800k single family attached with an indoor garage, an additional off street spot, and a yard....was one of the section 8s.

      Made me want to tear my school papers and make a few kids so I could live there. It was a dream house by the area's standards...and a lot of high end professionals would not be able to afford -renting- it, nevermind buying it.

  27. Missing definition by LoRdTAW · · Score: 4, Insightful

    Define "rich". Lets get the definition strait here. The only number they threw out in over $100,000 which is pretty vague. Anyone making under 200k/year is not rich. They are in my opinion, comfortable. You are only really rich when you have true wealth such as owning/running a profitable business or real estate that generates income. You are not rich if you are a low level employee who depends on a wage to survive, even if you are making 100k to 200k/year.

    You think my boss works? Of course not. He comes in when he pleases maybe 4 or 5 hours a day. Takes whatever day off he pleases. Takes multiple vacations per year for one or two weeks at a time. His business is firmly rooted in the industry and will continue to make money. He is *RICH*. Not the poor schlubs (like me) working 50+ hours a week and certainly not the low wage help getting 10-12 an hour. He is like one of those wealthy English aristocrats they speak of. A top dog calling the shots who's hard working underlings produce his wealth for him. I believe he makes around 500-800k/year and has over a million in the bank (accidently saw his bank statement when I worked on his PC).

    And the reality is those living comfortably are working their asses off as in order to justify their 100k+ salary. No employer wants to pay big money unless they feel they are getting their moneys worth. That may mean large work loads, 50+ hour work weeks, unpaid overtime and coming in on weekends to finish up backlogged work. At 100k+ you aren't hourly unless you are union or very lucky. Salary demands a certain number of hours per week to justify your pay grade and some of that includes unpaid overtime. Its not the same for everyone but everyone I know working in tech put in long hours for their 100k plus salaries.

    The "poor" people they speak of have social safety nets in the form of health care, food stamps and rent subsidy and/or low income housing. But I believe they are being unfair as I know plenty of "poor" people who are struggling just to buy food and pay rent. A friend of mine had a tough life growing up, mother threw him out when he was 16, father doesn't give a damn about him, etc. No college and not the sharpest tool in the shed but he is an honest, good hearted person who is a hard worker. He works two minimum wage part time jobs for 60 hours a week with no days off as the two shifts overlap each other. He rents and shares a room at a "frat house". Place is more like a flophouse complete with drug dealer and rowdy parties which he winds up playing bouncer so the cops don't raid the place. Its a rough life for him but he works and doesn't give up. Many others are in the same boat making shit pay and having to work multiple jobs because employers don't want to pay benefits to full timers.

    1. Re:Missing definition by gurps_npc · · Score: 4, Informative
      You have made a bad definition of wealth. The major problem is you have fallen for the common mistake fo measuring wealth by income. A single, healthy childless 21 year old women making $100,000/year is wealthy. A married 50 year old women, with 1 grand child, 4 children, 2 in college, and a husband with dementia is not wealthy.

      The real way to measure wealth is how Forbes does it - not income, but by net worth.

      If your net worth is over 2 million, you are wealthy. If your net worth is more than your age in thousands, you are middle class. Otherwise, you are poor. I don't care if you make $300,000 a year, if your net worth is negative,you are poor.

      A prime example of this is Donald Trump. The man has never been poor, even when his income was negative. Why? Because his assets always far exceeded his debt, even when he was losing money hand over fist.

      By my definition, quite a few people are poor that think they are wealthy - particularly musicians and sports stars that make millions but save nothing.

      --
      excitingthingstodo.blogspot.com
    2. Re:Missing definition by tomhath · · Score: 1

      If your net worth is over 2 million, you are wealthy. If your net worth is more than your age in thousands, you are middle class. Otherwise, you are poor. I don't care if you make $300,000 a year, if your net worth is negative,you are poor.

      That is a reasonable definition of wealth. But I suggest that a person with a $300K/yr income will (usually) have a better lifestyle than someone sitting on $2M with no other income.

    3. Re:Missing definition by avandesande · · Score: 1

      Donald Trump never lost his own money he lost other investor's money.

      --
      love is just extroverted narcissism
    4. Re:Missing definition by LoRdTAW · · Score: 1

      wealth
      noun
      1. an abundance of valuable possessions or money

      Maybe I worded it bad. In my first paragraph I stated you are wealthy if you have assets, bought and paid for, that generate income ( a business or real estate were my examples). That is real net worth as the assets have value.

      So single people can save and avoid debt, big deal. That single woman may be able to save her pennies but what happens when she starts a family? Will she continue to work or become a stay-at-home mother? Of course she can stay single or simply not have children. What if she has an injury which causes a disability and is unable to work? There goes her wealth as her net worth is based on her income producing ability. The only asset she has is herself. There is nothing external to her that makes money.

      Musicians who became wealthy are those who took their money and invested it. Look at wealthy rappers like Sean Combs (Diddy), Jay-Z and Dr. Dre. They put their money into businesses and reaped the rewards. They are wealthy as they not only have a ton of money, but have assets to back it up (record labels, clothing lines, liquor brands etc.) Investment is key.

      My family has commercial property that was bought and paid for and generating income through rentals. As long as people need commercial real estate, we will be making money. Its not millions, not even hundreds of thousands. But its plenty of money for my mother to live on quite comfortably and still be able to put money in the bank. Are we rich? Well not me directly but my mother is. Though I do help out a lot and get paid for it. It's my side job. Even if she can no longer walk, she will still have rent checks coming in every month. That is true wealth. And she plans to invest in even more real estate further down the line. That is how you become rich.

    5. Re:Missing definition by argStyopa · · Score: 1

      "You think my boss works? Of course not. He comes in when he pleases maybe 4 or 5 hours a day. Takes whatever day off he pleases. Takes multiple vacations per year for one or two weeks at a time. "
      Typical bitching from the cheap seats.

      I run a business. I'm THERE maybe 4-5 hours a day...because I can work from my home when I get up at 6 am, eat breakfast while I do emails until a lull at perhaps 9-10 (when Europe stops working) and THEN waste minimal time commuting since the wage-drones have all gotten off the road. Then I'm out at 3pm, to go pick up the kids (since my wife works), home, and doing emails/work until probably 7pm.
      Oh yeah, and when I have a pissed off customer or emergency? They call me at 9pm, 11pm, 3 am - not the fucking desk-drones who don't answer before 8 or after 5. When the government raises healthcare requirement or there are tax issues, it's *me* laying awake at night, agonizing over how we can cut corners to keep production running, and not lay anyone off, despite costs suddenly climbing 20% in a year. I'm the one sitting at a 6th grade band concert (if I'm able to go) sweating mentally over balance sheets and payroll, not chugging beers at Bennigans with my poor oppressed comrades.
      I "get" to travel all over the world, because that's where my customers are. Which means I've missed all the important 'firsts' of my kids, and make enough to allow my wife to be part-time and be the true parent. I'll remember how awesome I have it next time I'm driving some shitty rental car in the rain at 2am because my flight was late, trying to navigate the Escher-like streets of urban NJ trying to find a hotel so I can get up at 6 to *hopefully* have enough time to cover the emergency emails overnight, to make it to customer meetings at 0730.

      Oh, and if wage-drone makes a mistake, it might cost us a few $00 or at worst couple $000 on a transaction. I make a mistake? It could cost the company 00's of 000's and the whole branch closes, costing me and worse, 16 of those poor buggers their jobs.

      Look, I'm not going to lie; it's hella better to be doing this making $150k than to be slaving away in some shitty clerk job as a $30k wage-slave. But just because he doesn't break a sweat in front of you doesn't mean your boss isn't working.

      --
      -Styopa
    6. Re:Missing definition by nnull · · Score: 1

      Unfortunately, non-business owners will never understand. They think if we're not sitting in our office, that we're on vacation or sitting at home having a blast watching movies and playing games. Then when I come back from my business trip, I have to listen to these people complain about their long 8 hour work day. I work non-stop everyday trying to keep the business running, finding clients, answering late night phone calls and you've pretty much summed up all my employees. When one of my employees makes a mistake, it's me who has to fix it, mistakes that could be costly to the company. They all think I'm getting massive profits for myself and sailing on a yacht on the high seas with porn stars.

    7. Re:Missing definition by nnull · · Score: 1

      How do we know he's on vacation? My guys always say I'm on vacation when I'm not in the office.

    8. Re:Missing definition by LoRdTAW · · Score: 1

      Look, I'm not going to lie; it's hella better to be doing this making $150k than to be slaving away in some shitty clerk job as a $30k wage-slave. But just because he doesn't break a sweat in front of you doesn't mean your boss isn't working.

      Oh he was breaking a sweat all right, but it wasn't work that had him all sweaty. My boss inherited his business after his father passed. It was fully established and while he did grow it a bit, 99% of the work was done by us, his employees. He never spoke to customers, handled major problems, or brought in new business. He simply signed the checks and did his own thing. Up until 2 years ago he was a playboy who lived in a different state (yes he didn't live anywhere near work) and came in once, MAYBE twice a month to raise hell just to remind us who signs our checks. Then his wife caught him cheating and it all blew up in his face. We also found out he had to go to rehab for drug abuse, probably in a last ditch effort to save his marriage. That explained his mood swings when he came in for his visits. Now that he is divorced and lives close to work (wife got the house) he is in almost every day. I'll give him credit. Must have been tough to go from playboy to being responsible. He even brought in his cousin to bring in some big jobs and really wants to grow the company. So kudos on his recovery. But for years he was a spoiled child, not a boss.

      And yes, I know what its like to be in your shoes. I ran the family business with my mother for 15 years after my father got sick. I was only in high school at the time. I worked my ass off all those years putting in long hours, working weekends while my friends partied. I even lost a steady long time girlfriend after she had enough of me cancelling plans last minute because someone fucked up.

      And I will agree with you 100% its better to be employed than to employ. We sold our manufacturing portion of the business and it was like a huge burden was removed. And it was just in time as competitors were going to China and it was getting harder and harder to turn a profit while the cost of business went up and up. We still have a business but we are selling it as I type this. I cant wait until the deal is finalized and we get our lives back.

    9. Re:Missing definition by airdweller · · Score: 1

      Why don't you just get rid of those "buggers"? You don't need those "fucking desk-drones". Just fire them all and pocket the money you have to spend on "wage-drones". You obviously do all the work anyway. Good luck!

  28. employee overhead approaching 100% by peter303 · · Score: 1

    Benefits are about a third of that. Office space, management and computers the rest.Then you make existing employees work more instead of hiring additional ones.

  29. Re:Stop the presses! by yup2000 · · Score: 1

    mod parent up!

  30. Obviously it's a salary vs. hourly issue, no? by Rick+in+China · · Score: 1

    There may be correlation with salary employees earning less than hourly employees overall or something, and relating that to education or whatever, but clearly salary employees are, in general, expected to put in overtime without extra pay when they need to - or need to do that with hopes of getting better pay in the future / better performance reviews...whereas wage employees are scheduled for 8 hours and put in 8, employers are less likely to ask them to work overtime due to time and a half or whatever. Not sure why the other correlations even matter.

  31. This Slashvertisement brought to you by the Koch by tekrat · · Score: 1, Troll

    This Slashvertisement brought to you by the Koch Brothers. Remember to watch Fox News tonight and be reminded again that the poor live a life of luxury and leisure on your dime! Yeah, the poor are the reason you have to work 75 hours a week. Because the government takes all your money and gives it to the poor, so they can live high on the hog.

    Meanwhile, please ignore the fact that the 1 percent are robbing not only you, but the government, and the rest of the world. While you're arguing with your co-workers over foodstamps, the filthy rich are stealing billions every day and pocketing it, and the best part is, they have bought the government so what they are doing is legal -- by the letter of the law anyhow.

    --
    If telephones are outlawed, then only outlaws will have telephones.
  32. Re:Stop the presses! by Neutronix · · Score: 1

    You are so wrong at so many levels.... I sincerily hope that you might never find how wrong you are.

    What you describe is the ideal society based in merit and where everyone gets a chance.
    The reality is completely different. The reality will show you that some people are more equal than others. That sometimes it is better to "sell" your achievements than actually work to achieve something.

    --
    Long live TUX!
  33. Reverse headline by YrWrstNtmr · · Score: 1

    "People that don't make a lot of money slack off a lot."

    1. Re:Reverse headline by JustNiz · · Score: 1

      So "slacking off" is anything under 50 hours/week now? Thats retarded.

  34. My heart bleeds for them by Atrox666 · · Score: 1

    The poor are under/unemployed and the rich are trying harder and harder to make more of them under/unemployed.

    1. Re:My heart bleeds for them by nnull · · Score: 1

      Blame your politicians for creating such a situation where we're forced to try other methods of doing business which are less costly. Poor or rich, doesn't matter, we all make the same decisions regarding costs.

  35. One misused word spoils the whole discussion. by Katatsumuri · · Score: 1

    Agreed. It's a shame; if the submitter did not use the word "rich" so inappropriately, we could have a meaningful discussion about why people with a degree used to work less and now have to work more, and maybe what could be done about that.

    I think the reasons are the consumerism (also in regards to homes and college degrees) and unpaid overtime, and the solution is to actively run away from both if your time is valuable to you. Buy what you can afford, don't waste money excessively only because credit is available, and switch jobs until you find one with suitable time balance.

    1. Re:One misused word spoils the whole discussion. by xclr8r · · Score: 2

      A lot of people (in the U.S.) in middle class are classified as exempt (from overtime) as they are in management. There are FSLA rules that regulate the hours exempts work but since they are management they are project driven and no one who wants to climb the ladder is going to report working extra hours all the time.

      --
      Beware of those who profit off the docile and persecute the unbelievers.
  36. Let's hope that happens... by Sanians · · Score: 1

    Look for the average hours to shrink further as more and more employers seek to avoid Obamacare costs.

    If everyone stopped working 40 hours and instead worked only 32, we'd need 25% more employees to make up the difference. That would eliminate unemployment overnight. With unemployment eliminated, employers would have to compete for employees, which would drive up wages and result in more benefits like health insurance.

    We already did it once during the great depression, when the standard 40 hour work week was invented. Before that, everyone worked 80 hour weeks, and they had no choice due to a mountain of people desperate for a job. If you didn't like it, you were immediately replaced by someone in the line of people literally sitting outside your employer's front door.

    With automation continuing to reduce the amount of work that needs to be done, we're slowly returning to that situation. Obviously we need to reduce the standard work week yet again to get things back to where we want them.

    Labor prices don't respond to the free market. If you pay people less, all that happens is that their spouses enter the work force as well, and now there are even more people competing for the job you're offering, and so you can reduce wages yet again.

  37. Naturally. Software is doing 80% of the brainwork. by Qbertino · · Score: 1

    Naturally.

    We're fast moving into a post-scarcity economy with practially finished software doing all the work nowadays, running on hardware that has a cost approaching near-zero as we speak. A computer that can be bought for 20 hours of work at a fast-food joint today is the size of a book, can run on solar power and has enough processing power to do all the billing and taxes for an entire city. What's left to do for suits beside sitting in parlaments and passing stupid laws or selling the customers we service bloated shit that no one can operate with the sole purpose of producing more pointless work and billable hours?

    Social contacts, knowledge and information are increasing in value, simple manual work beyond a certain threshold is decreasing in value, repetetive "knowledgework" is bascially disappearing entirely, unless required due to bad human planing (hence IT experts jobs are becoming increasingly tedious and boring).

    That's all basically a Good thing(TM) I'd say. The problem is getting there will be a pain and yield the one or other new great depression along the way.

    I personally rather would have a cheap all-in-one computer sitting in the corner of my room doing all the work for me my clients while I cook for friends, dance tango all night, sleep late and help the occasional customer update their content on a Joomla installation for 50$ and hour because they couldn't be bothered clickling their way through that luxurious web interface than build yet another Web CMS or hassling with other stuff that can be done orders of magnitudes cheaper by computers or service providers. Point in case:I recently set up the entire IT infrastructure for a client using only Google Drive, GMail and Squarespace in roughly 7 hours, 3 of which were taking photos and talking strategy and workflow. Even with potential downtime of the Intarweb and/or Google, that environment is orders of magnitude more productive than any MS PC, with all her shit automatically backed up and available from any PC around the world hooked to the internet. I don't expect her to get back to me until she wants to update her portfolio in a year or two and needs some handholding when clicking through squarespaces gallery options. Which I will gladly provide and ask 35 Euros per hour for.

    With "knowledgeworkers" being put out of business by Google, Huawei and Co., no wonder they're working longer hours than the guy at the filling-station down the street. He's actually doing something usefull - until Teslas battery replacing robots come that is.

    Our job as IT and software people is to make ourselves superflous. And we're getting good at it.

    My 2 cents.

    --
    We suffer more in our imagination than in reality. - Seneca
  38. Re:Stop the presses! by tomhath · · Score: 1

    That sometimes it is better to "sell" your achievements than actually work to achieve something.

    Brown nosing the boss has been around forever. But the concept of working hard to get ahead isn't "wrong at so many levels".

  39. Re:Nope by tsqr · · Score: 2

    There are various state and federal mandated benefits that must be provided to workers who work 35+ hours a week

    The only federally mandated benefits I'm aware of, aside from the impending ACA regulations, are social security, medicare, COBRA, unemployment insurance, and workers compensation insurance and those have nothing to do with the number of hours worked. Some states require disability insurance, and that is not dependent on hours worked. Of course, the only ones that cost the employee nothing are workers comp and unemployment. The astute reader may have noticed that none of these benefits actually do anything for the employee until the employee either retires, loses his job, gets injured, or works past Social Security "full retirement" age.

    The federal government does not require employers to provide vacation time, holidays, sick time, or any other form of paid leave regardless of the number of hours worked. The only federally mandated leave is Family and Medical Leave, which is unpaid.

    On the other hand, there are long-standing requirements for health care benefits, ACA aside. Basically, this means that if an employer chooses to offer health insurance, that insurance must cover certain specific conditions. But until the ACA employer mandate takes effect, employers are not required to offer insurance at all, and if they do offer insurance, they can make up any eligibility rules they want, including minimum hours/week.

  40. Re:This Slashvertisement brought to you by the Koc by tomhath · · Score: 1

    This is an article in The Economist. That publication is one of the very few that can honestly claim to be Progressive.

  41. Golf! by PvtVoid · · Score: 1

    This could solve the other crucial problem of the day: declining interest in golfing. All we have to do is subsidize country club memberships for the poor under the Affordable Care Act. The rich are now too busy to golf.

  42. US "Middle Class" is falling behind fast by mspohr · · Score: 1

    An article in today's NYTimes (http://www.nytimes.com/2014/04/23/upshot/the-american-middle-class-is-no-longer-the-worlds-richest.html) documents the dismal status of the middle class in the US. It looks like all of the gains in productivity in the past 20 years have gone to the "elites" whose income has increase dramatically while the middle class in the US has stagnated.
    In the US, median income has only increased by 0.3% since 2000 while other countries (Britain, Canada, Ireland, Netherlands, for example) have increased 15% to 20%.
    This is the problem with capitalism which Piketty documents in his book "Capital in the Twenty-First Century". The US is getting there first as Krugman points out: http://www.nybooks.com/article...

    --
    I don't read your sig. Why are you reading mine?
  43. marginal income tax rates by Anonymous Coward · · Score: 1

    ...also have an impact here, at least for the business owners or others in a position to hire help (aka the vaunted Job Creators) vs. doing that extra work themselves. With lower marginal income tax rates, folks at the margins are more likely to "hoard" the available work. The higher their marginal income tax, the more they'd value (relatively speaking) their free/leisure time.

    That's why it's not necessarily the case that lowering the tax burden on Job Creators actually creates jobs (and could actually destroy jobs).

  44. Relevance? You KNOW 2006 is 8 years ago, right? by randombilly · · Score: 1

    Not that I think the trend has reversed in the last 8 years, but still.. I haven't seen a present day Slashdot post citing info that was nearly a decade old in a way that makes it sound recent in a while!

  45. Missing the real reason 35 hour benefits required by Fallen+Kell · · Score: 1

    Not sure if it is in the article as I didn't read it like every good /. does and just read the summary. Hours are being cut on almost all low paying jobs because once they breach the 35hour mark, the employers are required to provide benefits, such as healthcare...

    --
    We were all warned a long time ago that MS products sucked, remember the Magic 8 Ball said, "Outlook not so good"
  46. The real definition of wealthy... by ebunga · · Score: 1

    You are wealthy when you can live comfortably off the income of your income.

  47. If you have to work by Ralph+Spoilsport · · Score: 1

    You're not really rich.

    --
    Shoes for Industry. Shoes for the Dead.
  48. false question by davydagger · · Score: 1

    having a 4 year degree does not make one "rich". This is more contempt at furthering the "middle class" concept, which is bogus.

    middle class *is* working class.

  49. Re:This Slashvertisement brought to you by the Koc by tomhath · · Score: 1

    I'd be very surprised if they didn't publish opinions from both sides of a topic. So sure, you'll see plenty of opinions on the editorial pages that you'll disagree with no matter where you stand. This isn't the Daily Kos.

  50. Not useful. by scribble73 · · Score: 1

    Last week, CNN found a new issue they hoped would distract from criticism of their relentless Maylasian air crash coverage. CNN newsreaders took to the air to ask, "... what could the KKK do, to improve its approval rating? They actually had guests who discussed the question with straight faces.

    This pretended study is another one of those strange, invented approaches on an ongoing tragic issue... an angle that sounds intelligent on its face until you think about it for just two or three seconds. Then you realize how perfectly insulting this phoney approach to a real issue really is.

    Go ahead -- tell the maids down at your local Best Western Motel that rich people work more than they do. Then drive a few blocks down to your nearest Home Depot parking lot. Tell those unemployed men waiting at the nearest corner hoping to find a casual, sub-minimum wage job from you, that they are on "recreational" time.

    The editors of the Economist magazine ought to be horsewhipped for printing this story. SlashDot ought to be purple with shame for reprinting it. Seriously. I don't come here to read quasi-Libertarian krap like this.

  51. So Bachelor's degree == Rich now? by EmagGeek · · Score: 1

    Wow, I must be part of the 1% with my Master's degree.

    1. Re:So Bachelor's degree == Rich now? by WillAffleckUW · · Score: 1

      Half of all assets are owned by the 0.01 percent. You're working for them.

      --
      -- Tigger warning: This post may contain tiggers! --
  52. Re:Naturally. Software is doing 80% of the brainwo by nnull · · Score: 1

    Not just software, machines as well. Gone are the days where we needed 50,000 people working in a manufacturing plant. Machines have replaced the vast majority of those jobs or it's been outsourced to Asia for the low skilled labor job such as the textile industry, which is changing soon as well with robotics.

  53. I call BS by synapse7 · · Score: 1

    The president of the company gets infinite vacation time, I think I'm approaching 3 weeks.

    1. Re:I call BS by MooseMiester · · Score: 1

      Really? I run a small business, I've taken one week off in five years.

      --
      Murphy was an optimist
  54. Re:Nope by itsenrique · · Score: 1

    Yes there was, if not by country, by state in many states.

  55. RICH MAKE PHONE CALLS, PUSH BUTTONS by Jeremiah+Cornelius · · Score: 2

    Join "WebEx".

    The poor actually WORK. You know. Cook, clean, build, drill, pour, dig, etc.

    --
    "Flyin' in just a sweet place,
    Never been known to fail..."
    1. Re:RICH MAKE PHONE CALLS, PUSH BUTTONS by gzuckier · · Score: 1

      Join "WebEx".

      The poor actually WORK. You know. Cook, clean, build, drill, pour, dig, etc.

      “what is work? Work is of two kinds: first, altering the position of matter at or near the earth's surface relatively to other such matter; second, telling other people to do so. The first one is unpleasant and ill paid; the second is pleasant and highly paid.” -Bertrand Russell

      --
      Star Trek transporters are just 3d printers.
  56. Legal requirement to provide benefits by Tony+Isaac · · Score: 1

    Uncle Sam has seen fit to stipulate that all full-time employees must be provided benefits such as health insurance. Full-time is defined as "over 30 hours per week." So guess what? Companies that hire low wage workers limit their hours to less than 30 per week. So now they are WORSE off than they would have been without the law, because they can't make more money by working more hours!

  57. Re:Stop the presses! by LDAPMAN · · Score: 1

    Does everyone get a chance..no. Life is not fair. Do most people get a chance, absolutely. Success usually comes from working hard to make yourself valuable to other people. Often, such hard work is not rewarded. But if you keep it up and look for opportunities it can pay off. Saying that getting ahead is impossible is just wrong. It is possible. I know this because I came from nothing and now make well into six figures. I work 70-80 hours a week and always have. Even when I was making minimum wage. I'm not alone.

  58. Re:Never was the class of Leisure by PortHaven · · Score: 1

    It is also possible to have 1 & 2, and never succeed in opportunity. In fact, some of the greatest folks. Likely would not have been anything if not for #3.

    Steve Jobs is a great example, without #3 (Steve Wozniak), it is unlikely Steve Jobs would have gotten anywhere beyond mediocrity. The pairing of the two enabled success.

  59. Honestly, by PortHaven · · Score: 1

    If I could do so with some semblance of security for my family. Maybe, cause well, working 70 hours and not seeing your family rather sucks.

  60. Bet you... by PortHaven · · Score: 1

    It gets trashed within 3 years.

  61. Except by PortHaven · · Score: 1

    That has died for the common man. The middle class has no where to invest his wealth. One used to be able to put one's meager wealth into a bank or a bond and accue an easy 5% interest. Now, it's 0.02%

    1. Re:Except by i+kan+reed · · Score: 1

      Oh, you misunderstand, I think the social climbers and rich investors are crowding out an genuine, functioning capitalist economy.

  62. Depends on what you mean by Rich by WillAffleckUW · · Score: 2

    Rich can be defined either by assets (wealth) or by income (cash flow).

    While it may be true that the rich, by reported income, work longer, it is not necessarily true that the rich, by assets or actual wealth, work longer.

    Also, what do you mean by work? Some of my friends "work" by producing music, or by running a charitable foundation their parents created that has them doing what they want to do.

    Other people might call that play. Especially the 20 hours spent on the golf course in Scotland, or the conference on their yacht in the Mediterranean, that looks like a giant pool party when you see it up close.

    --
    -- Tigger warning: This post may contain tiggers! --
  63. Re:Nope by jareth-0205 · · Score: 1

    False. Before the ACA, there was NO requirement to provide benefits to people working 40 hours, much less 30. Now there is. Hence companies cutting people to below 30 hours.

    So they got no healthcare at all? You think that's a good situation?

  64. Re:blame Obama care. by crunchygranola · · Score: 2

    ...The poor are working less because about every company that pays at the minimum wage level has cut there hours to part time so they don't have to pay full benefits.

    Blame Obamacare?!

    Only if you are a moron.

    If you bothered to read TFA you would see that The Economist is using data from 2006. I don't think Obamacare is so powerful that it changed working hours for the poor 3 years before it was written, and 7 years before it went into effect.

    --
    Second class citizen of the New Gilded Age
  65. We all consider ourselves middle class by rsilvergun · · Score: 1

    that's the problem with America. I think it was John Steinbeck that made the point. In America, there is no poor, we're all just temporarily inconvenienced millionaires...

    --
    Hi! I make Firefox Plug-ins. Check 'em out @ https://addons.mozilla.org/en-US/firefox/addon/youtube-mp3-podcaster/
  66. Mod Parent up by rsilvergun · · Score: 1

    I saw a CNN article about hard workin' CEO types. One guy spent 4 hours a day hanging out minding his kids chatting up sales prospects on the phone. This is a damn sight different than 4 hours waiting tables.

    --
    Hi! I make Firefox Plug-ins. Check 'em out @ https://addons.mozilla.org/en-US/firefox/addon/youtube-mp3-podcaster/
  67. What? by shadowfaxcrx · · Score: 1

    Why are we assuming that a bachelor's degree means the holder is rich? Why are we assuming that the rich work longer hours than the poor out of some devotion to the job or income?

    Today's bachelor's degree is worth a bit less than a high school diploma in the 60's was. It is not a guarantee of riches, or even breaking into the middle class. Hell, even advanced degrees are no guarantee - there are plenty of PhD's out there making less than a store manager at McDonalds.

    Today's rich person is rich because he actually *has* a job and is able to command a decent salary. Today's poor is working fewer hours because the rich assholes that employ him keep him at part-time status so they don't have to pay for benefits.

    --
    "I disagree with you" does not equal "flamebait."
  68. How to Get Ahead by brunnegd · · Score: 1

    1. The boss is your father 2. Marry the boss's daughter 3. Work your butt off, especially in your early years. Nothing hard to understand about this.

  69. Re:blame Obama care. by frank_adrian314159 · · Score: 1

    I don't think Obamacare is so powerful that it changed working hours for the poor 3 years before it was written, and 7 years before it went into effect.

    Ahh, but you do not see what is obvious to conservatives - that Obamacare is so awful that it's awfulness warps the space-time continuum allowing it to go back in time as far as centuries back to make the world a horrible place. Especially for those horrible people who might use Medicare expansion services (or, as conservatives call them, freeloaders) or might be able to stay on their parent's policy or might not be denied coverage due to pre-existing conditions by fine, upstanding insurance companies (aka "job creators"). Yes, they've made the world a horribly awful place for conservatives. And you don't want to know what the Libertarians think.

    No, really, you don't want to know.

    --
    That is all.