What if Americans Had the Same Vacation Time as Europeans?
As Americans, we're noted for having a poor work-life balance, in fact, we're ranked 28th in the world for it. On average, American workers get about two weeks paid vacation every year. People in Europe get about four weeks, while workers from Sweden get 41 days off to do whatever they'd like. But what if we had as much vacation time as those from Europe?
Bruce Sacerdote, a professor of economics at Dartmouth University says, "Travel would go way up. Restaurant consumption particularly in vacation areas would really benefit." Other experts say the time off would improve the health and well-being of those in the U.S., but would knock down the country's productivity a significant amount. It would also mean lowered salaries, and therefore less money for splurging. As Sacerdote says, "So our household would have to cut back to one iPad from two and obviously that would just be horrific."
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Tags : People : Bruce Sacerdote