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Elon Musk, CEO of Tesla and SpaceX, is notorious for his exceptional work ethic, often working long hours with minimal sleep.
Musk believes that changing the world will require extraordinary efforts beyond the traditional 40-hour work week. “There are better places to work, but no one has changed the world by working 40 hours a week,” Musk said on “X” while promoting his company on social media in 2018. . Ironically, after a few years, the average employee realizes that he is working more than 40 hours.
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Mr. Musk’s hardcore work ethic has sparked considerable debate and criticism over the years. At the peak of Tesla Model 3 production, Musk worked 120 hours a week, missed personal milestones, and turned to insomnia medication to manage his insomnia. His way of dividing his day into five-minute chunks shows a fierce drive to optimize every moment to increase productivity, and although this trait is admired by some, , is considered unsustainable by others.
The technology industry, particularly Silicon Valley, has long celebrated this intense work culture, where the lines between work and personal life are often blurred. Engineers and entrepreneurs are known for forgoing traditional diets to increase efficiency and embodying a lifestyle where work takes precedence in every aspect of their lives. This dedication led to innovation, but also raised questions about the sustainability of such a lifestyle.
Mr. Musk attempts to apply the same hardcore work philosophy at Company X by asking employees to either work or leave, resulting in significant employee turnover and a negative impact on Mr. Musk’s work ethic and employee expectations. It was shown that there is a potential discrepancy between the
Contrary to Musk’s belief that long hours are essential to achieving success, research and historical evidence show that working long hours does not necessarily lead to increased productivity or better job performance. It suggests. Research shows that increased work intensity and longer working hours can impair work quality, lead to decreased attention span, and reduce overall workplace productivity.
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A recent Slack survey of more than 10,300 employees around the world found that pressuring employees to work overtime reduces productivity, increases work-related stress, and lowers job satisfaction. was found to decrease. Those who voluntarily choose to work overtime report slightly higher productivity and health scores, highlighting the importance of autonomy and employee choice in working hours.
The assumption that world-changing jobs require excessively long hours is also challenged by the historic example of Henry Ford, who discovered that reducing the workweek increased productivity in his car factory. It has been. This finding supports the notion that shorter work hours can improve efficiency and productivity, a counterintuitive result in a culture that often celebrates the idea of burning the midnight oil.
Despite the negative effects, more Americans are working more than 40 hours out of necessity. According to a 2021 Gallup poll, the average full-time employee works about 44 hours a week, and about 41% say he or she works more than 45 hours. This statistic highlights the trend in which many people are working beyond the traditional 40-hour work week, not only to make a difference in the world, but also to make ends meet.
Forbes reported that the United States is the most overworked country in the developed world. American workers log more hours per year compared to workers in some developed countries, such as Germany. The average annual working hours in the United States is approximately 1,750 hours, which is 400 hours more than a German employee’s annual working hours.
For people who are feeling the strain of overwork, managing their finances in a different way may be the key to reducing stress. Talking to a financial advisor can open up strategies to make your money work more for you, potentially reducing your need to work long hours. Advisors can explore avenues for saving, investing and retirement planning with the aim of securing a future where you don’t have to work past retirement age. This is a step towards not just surviving a job, but securing a job and savings, paving the way to a more balanced life.
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This article Elon Musk once said, “No one changed the world with 40 hours a week,” but now the average employee works 44 hours a week just to make ends meet. Published on Benzinga.com.
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