But Keynes was wrong. It turns out that when people make enough money to meet their needs, they just find new things to need and new lifestyles to aspire to; they never quite manage to keep up with the Joneses, because whenever they’re in danger of getting close, they nominate new and better Joneses with whom to try to keep up. As a result, they work harder and harder, and soon busyness becomes an emblem of prestige. Which is clearly completely absurd: for almost the whole of history, the entire point of being rich was not having to work so much. Moreover, the busyness of the better-off is contagious, because one extremely effective way to make more money, for those at the top of the tree, is to cut costs and make efficiency improvements in their companies and industries. That means greater insecurity for those lower down, who are then obliged to work harder just to get by.
We’re obsessed with our overfilled inboxes and lengthening to-do lists, haunted by the guilty feeling that we ought to be getting more done, or different things done, or both.
Recently, as the gig economy has grown, busyness has been rebranded as “hustle”—relentless work not as a burden to be endured but as an exhilarating lifestyle choice, worth boasting about on social media. In reality, though, it’s the same old problem, pushed to an extreme: the pressure to fit ever-increasing quantities of activity into a stubbornly nonincreasing quantity of daily time.