Yet another report not noting the obvious:
Britain is the worst place in Europe to live despite offering the biggest salaries, a study reveals today.
High incomes in the UK are cancelled out by long working hours, poor annual leave, rising food and fuel bills and a lack of sunshine.
Note firstly that this is not exclusive to the Mail. It comes from uSwitch and is all over the papers.
And it\’s wrong. For their measure of working hours is only market working hours. They do not include home production hours.
Now it is true that there are quite large differences in market workling hours across these countries. But there are also quite large variations in home production hours too. And they tend to move against each other. More market working hours leads to fewer (at the same rough level of wealth) home production hours.
What we should be measuring (as that nice report from Mssrs. Stiglitz and Sen, Nobel winners both, says) is leisure hours. And in that the UK does rather well actually.
We don\’t have the longest working hours in Europe, no where near.