SLACKER FRENCH?….Matt Yglesias points out today that although French GDP per capita is considerably lower than America’s, it’s mostly because they have “fewer workers, working shorter weeks, and taking longer vacations.” Higher unemployment is also a factor, but basically Matt is right: the French have simply chosen to work less and have more leisure than Americans do.
I wonder how many Americans would make that choice if they could? I used to hang out with a bunch of Swiss guys (who eventually bought the company I worked for), and although the Swiss have a reputation for being pretty industrious, they basically thought we were insane for taking only two weeks of vacation a year.
I pretty much agreed with them ? although more in theory than in practice. Like a lot of people, I never even used up my two weeks of vacation a year, and when I left the company I got a big check for unused vacation pay. And I was far from the worst. I had people working for me that I literally had to force out the door because they had accrued 300 hours of unused vacation time and would start losing it unless they took some time off.
Still, I wonder: If you had the option of taking an 8% pay cut in return for getting six weeks of vacation per year instead of two, would you do it? I’ll bet a lot of people would.