Money. We need it to pay for our basis needs and all the other things we want. But can money buy happiness? It can’t, at least according to a recent survey of 4600 participants.
New research that was collected over a year and a half and published by the Society of Personality and Social Psychology suggests valuing your time rather than pursuing money may be linked to greater happiness.
Time is highly valuable, yet hard to put a figure on. Adults who are employed full time work on average 47 hours per week, according to Gallup. That’s an hour and a half more than a decade ago. Americans also tended to take fewer vacation days than their international peers, according to a 2014 Expedia.com survey.
In fact, American’s work more hours than anyone in the industrialized world. And we take less vacation, work longer days and retire later.Like any American child who grew up in the 80s and 90s, I was told that America was the best country in the world. I just accepted that. Sure, Europe had some really exciting history and culture, and other countries had some beautiful untouched landscapes, but America was far and beyond the best place to live. I won the lottery in terms of being born in the land of the free and home of the brave. I lived in the greatest place on earth, likely during the greatest time on earth. How lucky I was!
Many economics and futurists had dreamed up a world when, filled with wealth and technology, we wouldn’t have to work so much. Meanwhile, some studies claim the typical modern workday should start around 7am and end at 7pm — a 12 hour workday.
Of course, these are American companies — Sweden, on the other hand, just introduced the concept of a 6 hour workday.We’ve become such a work-focused culture that we leave little time to actually live our lives. For those earning minimum wage, this isn’t at all a choice. In many parts of the country, it’s necessary to work an 86-Hour work week to afford basic rent for a one-bedroom apartment. And for those earning higher salaries, working less hours means risking those jobs. Workers are expected to be on call at all times, many cases including weekends, holidays and evenings, and have golden handcuffs where they’re worked to poor health in order to maintain their jobs and support their families.
What if we were able to opt for time as part of pay, and this was acceptable. To ask for three months off a year as part of a compensation package, to be spread across the year, to be able to experience life — to take three-week vacations to see the world — to spend time with our families and loved ones before it’s too late. What if we were able to negotiate time just as we negotiate money, and not be seen as lazy or a poor worker. If time has a dollar value, what would that be?