Asians Work As The Turks Play

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By Douglas A. McIntyre Updated Published
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The new OECD Society at a Glance report shows that men in Asia do more hours of paid work than their counterparts in other regions of the world. Paid work hours in China, Japan, and Korea are among the longest in the world’s developed and developing nations. Turkish men do much less paid work than men in other countries do. Australians and New Zealanders hardly work at all.

The research may offer some concrete evidence about why the major Asian nations have done well economically over the last thirty or forty years, and why China and South Korea continue to do so. Beyond that, the research results yield few additional insights.

The men who do the least paid work tend to be those who live in the old nations of Europe. It is simple to argue this is a cause of their budget problems. Citizens of France do less paid work than men in most countries. But, so do the Swedes. Sweden will have a budget surplus this year, and most of the countries in southern Europe will not. What is the explanation? There does not seem to be one.

While the results from Asia probably show that hard, paid work helps the national interest, it doesn’t do much to improve the lives of the average citizen. If the citizens of China knew how well the Turk have it, they might strike for shorter hours.

One observation about the data that is hard to dispute is people work harder in totalitarian states. China may be the best example of that, and, at least in part, it is the case in South Korea. On the other side are countries like Australia where people prize their independence. The Australian government does well financially, so an examination of work hours and how they relate to the country’s fiscal success bears little fruit.

But,  modest paid work effort often comes with a cost. Paid work time in Ireland is hardly impressive, and that may be one reason it has had to beg for money. Someone has to work if productivity is to stay high. And, high productivity may not be the key to a financially successful central government, but the OECD data shows that they are related in many cases. Hard work may not be its own reward, but it tends to favor national financial interests.

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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