Few predicted the election of Donald Trump as President of the United States. However, despite his lack of political credentials, he has demonstrated a talent for understanding what motivates the average American voter. Americans appear to be anxious about their future which, I will argue, may be explained by the short-term thinking that pervades American boardrooms.
Firstly, consider paid time off. Most Americans passively accept two weeks off per year and many do not use their full vacation allowance. Although this policy solves employers’ immediate staffing needs, a lack of vacation leads to greater incidences of depression and heart disease. Additionally, such miserly vacation policies make travel more difficult...(click to read more)