Thursday, April 6, 2006

Work = Wealth

The more you work, the richer you become.

Of course, simple concepts and laws like these run contrary to leftist thought and ideology so what people like me have to do is prove it.

So here is the average hours worked per year for the average person in the following OECD countries (most recent data available);

(Note our good French friends are on the lower end of the scale.)

Anyway, that's all nice and well, but if we want to establish the relationship between work and wealth production we have to take a more longitudinal look.

So what I did was take the 5 and 10 year average hours worked per year and correlated them against the 5 and 10 year average RGDP growth rates of all the OECD countries.

(correlation coefficient of .67)

(correlation coefficient of .47)

And surprise surprise (to the socialists anyway), the more you work...

GASP!

THE HIGHER YOUR ECONOMIC GROWTH!!!!!!

Will the amazing science we've all come to know and love known as economics ever cease to amaze?

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