Live data from Hacker News

Why is everyone so busy? (2014)

economist.com

111–120 of 154 posts

Re: Why is everyone so busy? (2014)

#111
post #53

I'm of the opinion that the root of the problem is inflation (but I'm open to correction). My thinking is that we're constantly being pushed to work harder because no business today can reach a successful steady-state -- it must keep growing. The reason businesses must keep growing is that investors demand it. Investors demand it because they believe that wealth sitting around not making more wealth is a waste. Infla…

The overwhelming majority of businesses don't have investors to care about. Ignoring that, investors demand growth because that's basically the definition of investing. If businesses don't want to be pressured to grow then they don't have to take money from people who want growth.

Removing inflation wouldn't stop people from chasing growth. People want to make more money. 2% annual inflation changes the calculations a bit (towards more proactive investing), but in a world of 0% inflation people would still want to make money. They would just be a bit more conservative since there's no penalty for holding.

And yes, slow growth is a bad thing. Our population is growing. The pie has to be grown if we don't want living standards to nosedive.

Re: Why is everyone so busy? (2014)

#112
post #53

I'm of the opinion that the root of the problem is inflation (but I'm open to correction). My thinking is that we're constantly being pushed to work harder because no business today can reach a successful steady-state -- it must keep growing. The reason businesses must keep growing is that investors demand it. Investors demand it because they believe that wealth sitting around not making more wealth is a waste. Infla…

What force do investors use to demand it? How do they force a non-compliant company to grow? Esp for companies that are already profitable and don't need investment money.

Re: Why is everyone so busy? (2014)

#113
post #53

I'm of the opinion that the root of the problem is inflation (but I'm open to correction). My thinking is that we're constantly being pushed to work harder because no business today can reach a successful steady-state -- it must keep growing. The reason businesses must keep growing is that investors demand it. Investors demand it because they believe that wealth sitting around not making more wealth is a waste. Infla…

What force do investors use to demand it? How do they force a non-compliant company to grow? Esp for companies that are already profitable and don't need investment money.

That depends on the specific details. In publicly trades companies they sell their shares, causing the shares price to drop and the company valuation to drop. This will make it harder for the company to get credit and will lower the value of the owners shares.

Bigger investors can have more direct force, either in voting power or in assigning their own director to the board.

Re: Why is everyone so busy? (2014)

#114

Earlier quoted context omitted.

On the money. Fuck the 9-5 corporate work life. I've been doing this everyday for 12 years..and I'm about to blow my brains out. I encourage everyone to find one thing they love and find a way to do it everyday for the rest of your life.

> and I'm about to blow my brains out. Please don't. A. You'll mess up that screen you're paid to stare into ;) B. More seriously, if you ain't being facetious, switch jobs. But to your point: work is a drag. I don't care how free the food is or how comfortable your ergonomic keyboard feels. Deep down there's something dissatisfying about most corporate life. But at the same time it's never been easier to (try!) star…

> I don't care how free the food is

I tend to see perks like "free food" as a red flag when I'm job hunting. In my experience, employers that go way above and beyond to make an office comfortable are doing it because they expect you to spend virtually all of your time there. Any office that has a game room or a cafeteria is extremely suspect.

All I need is relative quiet, a reasonable meeting schedule, and decent equipment. I'll buy my own lunch and leave at 5, thanks.

Re: Why is everyone so busy? (2014)

#115

I recommend people watch Japan A story of love and hate ( http://www.dailymotion.com/video/x56bwzc ) which, aside from being a great look at Japan, epitomizes the absurdity of exchanging our time for a salary that increasingly fails to cover the cost to live and leaves us without free time. 30,000 Japanese kill themselves each year due to work related stress. Great quote from the doc: Naoki:"You (the West) game me th…

My take is that organisations after some time begin to mimic animal farm or emperor's clothes type behavior. CEO genuinely believes their contribution to a company they ran for five years yet has been around 50 years is worth hundreds of millions. I have no issues with founders taking that amount of money. Director of marketing doesn't want to be outdone, vice president ...

This is why we are so busy and why companies are chasing growth at all costs.

Re: Why is everyone so busy? (2014)

#116

I recommend people watch Japan A story of love and hate ( http://www.dailymotion.com/video/x56bwzc ) which, aside from being a great look at Japan, epitomizes the absurdity of exchanging our time for a salary that increasingly fails to cover the cost to live and leaves us without free time. 30,000 Japanese kill themselves each year due to work related stress. Great quote from the doc: Naoki:"You (the West) game me th…

> "...the notion that sitting in traffic each morning to reach a room where one stares into a screen for 9 hours - every day, for 40 odd years - is desirable is the greatest con capitalism has ever pulled."

I think you're ignoring the biggest benefit of capitalism. While many people will do something fairly similar to what you're describing, it's not explicitly required or unchangeable. You have the ability, even if extremely challenging, to strive for better. For a person washing toilets, this could be the dream of sitting in front of that screen one day. For the person in front of that screen, it could be starting their own business or taking an early retirement and living the rest of their years off the beach.

Capitalism enables people to move up. The system you described would actually be perfectly reflective of a more social economic system like communism. The government would measure your competency and then offer you a series of jobs. You would take that a job off that list and you would do it til the day you were allowed to stop working. All without any chance for ever achieving something better beyond that list of jobs they decided you were qualified for. And of course you'd receive the same compensation when you're 18 as when you're 50 with decades of experience, because that's fair...

I think it would be phenomenally interesting to live in a pre-industrial time, just to experience it - but I suspect we'd quickly find that the tedium and unfairness of the systems we have to do would seem like utopia compared to the tedium and unfairness of those times. And so too can we expect people a few hundred years from now to live in what we would consider a utopia, yet themselves lack contentment striving for something better which will indeed come about a few centuries beyond. It's the nature of man to always strive for better and, at least to date, achieve it.

Re: Why is everyone so busy? (2014)

#117

This "must be busy" mindset and 50+ hour work weeks is so utterly alien and wrong to me, and I'm glad I feel this way. I would never let a job get in the way of family and social experiences, in the way of my life . Relaxation and leisure time is absolutely non-negotiable for me, I would never give up on a concert or culinary experience or anything else for something as mundane as work. I think this mindset has also…

> I am a slacker, and I enjoy it very much. I like to say I'm discovery-oriented rather than goal-oriented. Being so means I also seek to avoid being overworked because I don't know how to not prioritize discovery. I've tried joining work with pleasure but I find it doesn't lead to good things.

That is actually a very good way to describe it, thanks :)

Re: Why is everyone so busy? (2014)

#118
post #61

Earlier quoted context omitted.

If we kept inflation close to zero (or negative) wealth would tend to concentrate in fewer and fewer hands, and the bias would be toward idle rentiers. People like property landlords would get unbelievably rich by collecting mandatory continuous rent payments. Since deflating currency holds or increases in value they'd have zero incentive to do anything with it other than hoard it. Eventually you end up with a landed…

Both rents and tuition are included in the CPI: https://www.bls.gov/cpi/factsheets/owners-equivalent-rent-an... https://www.bls.gov/cpi/factsheets/college-tuition.htm

This looks suspicious. There is not a single mention of square footage in the rents document.

So let's say everyone moves to a smaller house because housing costs are so high, that's not a sign of inflation?!

Re: Why is everyone so busy? (2014)

#119

I recommend people watch Japan A story of love and hate ( http://www.dailymotion.com/video/x56bwzc ) which, aside from being a great look at Japan, epitomizes the absurdity of exchanging our time for a salary that increasingly fails to cover the cost to live and leaves us without free time. 30,000 Japanese kill themselves each year due to work related stress. Great quote from the doc: Naoki:"You (the West) game me th…

On the money. Fuck the 9-5 corporate work life. I've been doing this everyday for 12 years..and I'm about to blow my brains out. I encourage everyone to find one thing they love and find a way to do it everyday for the rest of your life.

>I encourage everyone to find one thing they love and find a way to do it everyday for the rest of your life.

If everyone followed your advice, we would probably have garbage piling up in the streets, because I doubt there are enough people who love collecting it or working in landfills to handle even a fraction of the garbage we generate.

Re: Why is everyone so busy? (2014)

#120
post #28

My last job, I had so much more free time. I finished at 4 each day and sometimes took 3 hour lunches. Someone would text me in another city and ask if I could come through and meet them. I would often just walk out of work (it wasn't a problem) and go meet them. If it meant that I didn't get back to the office that day, so be it. There was lots of time spent with friends and family, it was great. My current job, I e…

I would often just walk out of work In one of my previous jobs, while leaving at 5:30 pm (started at 9 am), the CTO asks "half day today?", only half jokingly :(

I got in late, so i'm leaving early to make up for it.
Post reply on HN