Thinking Citizen Blog — Vacation Days: Living to Work vs Working to Live

Thinking Citizen Blog — Tuesday is Economics, Finance, and Business Day

Today’s Topic: Vacation Days: Living to Work vs Working to Live

How much paid leave should a worker get? How much of that should a worker take? Who should decide? Apparently, roughly 28 million American workers get no paid leave (either paid vacation or paid public holidays). And 52% of American workers in 2017 did not even take all the paid vacation days they could. The number rose to 55% in 2018. This meant leaving 768 million vacation days on the table. Should the American work ethic be a source of pride or shame or neither? Is it just a fascinating anomaly to be explained? To you which country comes closest to finding the perfect work/life balance? Experts — please chime in. Correct, elaborate, elucidate.

DARKER THE COLOR, MORE MANDATED PAID LEAVE

FRANCE, GERMANY, UK — paid vacation days plus public holidays

1. France: 25 paid vacation days plus 11 public holidays = 36 days of paid leave.

2. Germany: 20 days of paid vacation plus 10 public holidays = 30 days of paid leave.

3. UK: 20 days of paid vacation plus 8. public holidays = 28 days of paid leave.

NB: The country with the highest number of paid public holidays is Iran with 27. Highest number of paid vacation days: Andorra.

SINGAPORE, ISRAEL, JAPAN, MEXICO: paid vacation days plus public holidays

1. Singapore: 7 days of paid vacation, 11 public holidays = 18 days of paid leave

2. Israel: 12 days of paid vacation, 9 public holidays = 21 days of paid leave.

3. Japan: 10 days of paid vacation, 16 public holidays = 26 days of paid leave

NB: Mexico: 6 days of paid vacation, 7 public holidays: 13 days of paid leave.

THE US ANOMALY — No federal or state statutes

1. “Paid leave is at the discretion of the employers to its employees.”

2. “According to the US Bureau of Labor Statistics, 77% of private employers offer paid vacation to their employees; full-time employees earn on average 10 vacation days after one year of service.”

3. “Similarly, 77% of private employers give their employees paid time off during public holidays, on average 8 holidays per year.”

NB: “Some employers offer no vacation at all. The average number of paid vacation days offered by private employers is 10 days after 1 year of service, 14 days after 5 years, 17 days after 10 years, and 20 days after 20 years.”

List of minimum annual leave by country

https://www.cnbc.com/2018/07/05/heres-how-many-paid-vacation-days-the-typical-american-worker-gets-.html

Study: A Record 768 Million U.S. Vacation Days Went Unused in ’18, Opportunity Cost in the Billions

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YOUR TURN — Please share:

a.) the coolest thing you learned this week related to business, economics, finance.

b.) the coolest thing you learned in your life related to business, economics, finance.

c.) anything at all related to business, economics, finance.

d.) anything at all

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