Just read an interesting piece that really corroborates behavior I have noticed. Here's the article:
http://www.scientificamerican.com/blog/post.cfm?id=short-on-sleep-brain-optimistically-2011-03-08It's a study whereby it was shown that people deprived of sleep will have their judgment impaired in a way that makes them consider only gains, rather than risks. I know, many will be thinking "sleep loss causes bad judgment is not exactly news", but it's the way it plays out and has such far reaching effects on our country.
Doubtless we always hear of hard charging, hard nose executives who make ascetic living of long days and short nights almost de-rigueur to the position. I can't help but to notice parallel to the business phenomenon today of risky, even reckless pursuit of short term gains ( selling the seed corn ) even though it jeopardizes the long term ability to be a going concern. This is so common today in business/Wall St.
Amongst my work peers I ( and like-minded co-workers ) notice that there are a sizable group who have a single-minded determination to work all the overtime they can. Where I'm at, it's 8 hours over or nothing. That's a 17 hour day. Many even work their days off! What gets me is how many either relish ( to the point of anticipating with glee ) the ability to work that much. It goes beyond getting over a rough financial spot. It's more about having ever rising expectations as to what's a "normal" income and the ability to fill their McMansions with ever more stuff. They seem utterly oblivious to the fact that they look like hell, obviously feel like hell, are less efficient, and indeed have no time at all to enjoy their artificially bought lifestyles. They always seem to be sick with colds more often too, and they always come in and infect everyone else rather than heal at home. It's like this single minded focus on a big W-2 number masks the fact they can't work 17 hour days and get 4 or 5 hours of sleep on a sustainable basis.
Anybody care to compare notes?