Because of the increased anticipation realized over the last century, many countries are planning or contemplating raising the age of retirement. are often “> this is often good for Americans who prefer to work past age 65 but can be a hardship if you would like to retire but won’t receive full pension benefits until later. Currently, workers in North America retire much later than in Russia, China, Australia, and Japan.
In North America, Mexicans top the worldwide list of annual hours worked. Out of all the industrialized countries within the world only 9 have a mean of annual working hours above the U.S. A typical week requires 40 hours of labor, leaving not tons of waking time for much else, especially if regular overtime is required.
Historically, working 40 hours every week was a drastic reduction for manufacturers who were working 100 hours at the turn of the 20th century. within the first 4 decades, the 5-day, 40-hour workweek became the quality across industries within the U.S.
It’s important to stay in mind that this was at a time when a) the world’s population was much smaller than today; b) war economies required that folks work to support the efforts and lots of men in their primes were overseas; c) unemployment was a priority after 1929 and putting more people to figure at fewer hours each was more economically and socially desirable. None of these situations are the current economic factors in North America.