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About time: work/life balance as an economic question

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Added by madameape on 01 Jun 2009
From: www.nytimes.com

Image courtesy Luyen Chou via Flickr

Not sure how I missed this, but David Leonhardt's most recent column addresses work/life balance--or the total lack thereof--in the financial services and consulting fields.  Leonhardt talks about this Harvard study, among others, that compares the family-friendliness of various elite fields and finds, surprisingly, that medicine is actually one of the most flexible professions, often allowing established practicioners to carve out an enjoyable family life while also having a satisfying career.  Finance and consulting, by contrast, allow for little to no flexibility in working hours or conditions, thus forcing people who want to spend more time with their children to drop out of the field entirely, or to take time off for which they are later penalized: taking time out from a financial services career means an average 41% pay disparity with former colleagues upon returning to work.

 

Nice to see this issue taken up in the Economy section of the Times; after all, the issue of whether workers have lives worth living, complete with thriving families, should be a central question in the cultural conversation.  And while the studies that Leonhardt references deal with elite, highly educated workers, they could be the beginning of a broader public discussion needs to address these issues and their implications for the average Janes and Joes of the workforce. 

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KenAPierce
on 02 Jun 2009
The sum of a person is not the sum of his or her possessions.  It is sad how enslaved the average American is to his work, and the multiple forces at work that make dual incomes almost a necessity (no comment one way or the other on which spouse ought to stay home, or on the choice of both to work).

Time, it seems to me, is the ultimate commodity.  Even money is an exchange for effort, education, and talent applied to time, by and large.

Yet how sad it is when people trade time for money.