Why working Overtime can have Negative impact on Health and economy
🏭 Historical examples of intense work cultures:
Industrial Revolution USA: 69-hour work weeks in 1830
Post-WWII Japan: 2,400+ hours/year in 1950
South Korea 1990: 2,677 hours/year (highest in OECD)
🏢 Modern company examples:
Alibaba: "996" culture (9am-9pm, 6 days/week)
Tesla: Elon Musk claimed 120-hour weeks during Model 3 ramp-up
Amazon: Early years had long hours and intense work culture
📈 Economic growth associated with long hours:
US GDP grew from 1 billion to 21 billion in 70 years
Japan's economy expanded from 91 billion to 1.1 trillion in 30 years
South Korea's GDP grew from 3.9 billion to 279.3 billion in 30 years
⚠️ Negative consequences:
Japan: "Karoshi" (death from overwork)
Health issues and burnout
Societal and family impacts
🔄 Contrasting approaches:
Microsoft Japan: 4-day work week led to 40% productivity increase
New Zealand's Perpetual Guardian: 20% productivity boost with reduced hours
Some countries legislating shorter work weeks
🇮🇳 Indian business leaders' stance:
Advocating for 70-hour work weeks
Bhavish Aggarwal (Ola Cabs CEO) argues it's necessary for rapid development
🧑🔬 Expert opinions:
Health specialists warn of long-term consequences
Sociologists highlight broader societal costs
🤔 Key debate:
Rapid economic growth vs. long-term sustainability and well-being
🎯 Conclusion:
Need for balance between productivity and worker well-being
Emphasis on working smarter, not just harder------------------------------------------------
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