In recent decades, the undeniable truth has presented that with the rise in competition there is gradual rise in working hours in every country. However, many people wrongly believe that a long average working time is directly tied to a nation' s economic prosperity. Whereas working overtime is more likely to negatively impact on economic progress. This essay provides some empirical evidences to support this.
To begin with, lengthening the duration of hours per employee is not necessarily improve the productivity rate of labor. Substantial scientific evidence demonstrated that extended work schedules adversely affect the health and well-being of workers. To enumerate people work long hours are vulnerable to illness, including fatigue, work stress and depression, thus, decline their performance. Accordingly, the rate of sick leave is likely to increase, in a long run, which is regarded as a cost which would hold back the economic success. Hence, a long average working time is associated with diminished output.
On the other hand, instead of increasing working hours, some essential factors of driving a successful economy have incredibly improved productivity along with reducing working hours of employees. Firstly, technological innovation, which proves a nation' s ability to create and exploit knowledge, has become a major source of competitive advantage and wealth creation. The innovative technology, such as computer and smart phone, have helped to increase performance in producing goods, facilitated communication and enabled more extensive networking and cooperation among firms. Apart from that, highly educated and well-trained workers are vitally important to improve the productivity of competently operating industries.
In conclusion, a long average working time of a country is not proportional to its economic success but there are some factors like technological development which results to startling growth of a country’s economy.
In recent decades, the undeniable truth has presented that with the rise in competition there is gradual rise in
working
hours
in every country.
However
,
many
people
wrongly
believe that a
long
average
working
time is
directly
tied to a
nation&
#039; s
economic
prosperity.
Whereas
working
overtime is more likely to
negatively
impact on
economic
progress. This essay provides
some
empirical evidences to support this.
To
begin
with, lengthening the duration of
hours
per employee is not
necessarily
improve
the productivity rate of labor. Substantial scientific evidence demonstrated that extended work schedules
adversely
affect the health and well-being of workers. To enumerate
people
work
long
hours
are vulnerable to illness, including fatigue, work
stress
and depression,
thus
, decline their performance.
Accordingly
, the rate of sick
leave
is likely to increase, in a
long
run, which
is regarded
as a cost which would hold back the
economic
success.
Hence
, a
long
average
working
time
is associated
with diminished output.
On the other hand
,
instead
of increasing
working
hours
,
some
essential factors of driving a successful economy have
incredibly
improved
productivity along with reducing
working
hours
of employees.
Firstly
, technological innovation, which proves a
nation&
#039; s ability to create and exploit knowledge, has become a major source of competitive advantage and wealth creation. The innovative technology, such as computer and smart phone, have
helped
to increase performance in producing
goods
, facilitated communication and enabled more extensive networking and cooperation among firms. Apart from that,
highly
educated and well-trained workers are
vitally
important
to
improve
the productivity of
competently
operating industries.
In conclusion
, a
long
average
working
time of a country is not proportional to its
economic
success
but
there are
some
factors like technological development which results to startling growth of a country’s economy.