August 20, 2015

The real economy: Vacations


Vox
- Nine million Americans took a week off in July 1976, the peak month each year for summer travel. Yet in July 2014, just seven million did. Keeping in mind that 60 million more Americans have jobs today than in 1976, that adds up to a huge decline in the share of workers taking vacations.
Some rough calculations show, in fact, that about 80 percent of workers once took an annual weeklong vacation — and now, just 56 percent do.

It's not as if Americans are cutting back on an excessive vacation habit, either. The United States is the only developed economy that doesn't guarantee its workers a paid vacation. Most of its peer nations promise about 20 days off a year, according to a report by Rebecca Ray, Milla Sanes, and John Schmitt of the Center for Economic and Policy Research.

About a quarter of the American workforce doesn't get paid vacation, according to data from the National Compensation Survey. The no-vacationers usually work part-time or for small employers in low-wage jobs

2 comments:

Anonymous said...

1976 Cold war going strong,,, today no cold war.... The west won the cold war---so what was really won?

Anonymous said...

There is another type of weeklong vacation that the graph doesn't address, the working staycation. For example, my husband works in the back shop of a major bank. The company requires that he take one full week off each year. It's an anti fraud strategy. Unfortunately because his workload takes about 60+ hours a week to complete, he ends up spending his "vacation" catching up on administrative tasks, like writing procedures and assisting his staff. His direct manager even demands that he attend meetings during his vacation. His employer doesn't pay him enough for us to ever afford a vacation, nor does mine. So he spends most of his staycation doing work from his laptop at home. His employer talks about having a work/life balance, but it seems what they really want is the balance of his life spent at work.