Why Don't Americans Take More Vacations?
The United States is the only advanced economy in the world that does not guarantee its workers paid vacation days, and American workers collectively leave $52.4 billion worth of paid time off on the table each year, according to a new report from the Center for Economic and Policy Research (CEPR). Moreover, the report finds that among OECD countries, the United States ranks dead last in terms of the percentage of private-sector workers with paid vacations.
The CEPR report includes a number of recommendations for how the U.S. can improve its record on paid vacation days, including making paid vacation days a mandatory benefit for all workers and increasing public awareness about the importance of taking vacations.
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