Working is taking a more important role in people's lives. Why are people working so much? Do you think this trend is good or bad?

Work

is arguably getting a higher and higher priority in most

people

's lives than a few decades ago, in terms of daily working

hours

and average retirement age. We are digging into the reasons for

this

phenomenon in

this

essay.

First

and foremost, inflation brings immense pressure

to

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on

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people

. After a prolonged period of unrestricted printing of money, the price of virtually everything needed in our daily life,

such

as food and fuel, is on a long march.

This

leads to a horrendous situation

to

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for

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the lower-income groups and they have no choice but to

work

longer

hours

or retire later to meet

the

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their

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ends. Even worse is the spike in accommodation costs. The unlimited supply of money triggers a tremendous boom in the housing market and

people

who want to own their homes have to

work

their tails off to save money for a down payment. The high worth of housing triggers the rent to go up, and the skyrocketing housing prices and rents

then

form a vicious cycle.

Consequently

, both the homeowners and renters need to pay more, and at the end of the day, they need to

work

harder to make up for the shortfall.

Furthermore

, globalization has taken the competition to an utterly different level. In the past, jobs were protected pretty well by labour unions. Today, they can be taken by lower-cost countries and the public is well aware of that.

As a result

, they take courses in their leisure time to improve their skill level. We can say that

this

is a kind of

work

in a broad sense too. Extremely high youth unemployment rates

is

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are

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another by-product of globalisation.

For example

, it can be as high as 40% in Europe. With their children jobless, parents have no choice but to extend their retirement. In my opinion, longer working

hours

are definitely not desirable. It makes

people

exhausted and reduces the time they have for family life. In some countries,

for

example

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,example

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China,

people

consider long working

hours

to be a reason for the reluctance to have babies. To conclude, a raft of economic reasons are the causes of

work

being more important to

people

in terms of

hours

.

Although

this

is treated as detrimental to personal psychological health, we see no immediate solution to

this

phenomenon.