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A comment on Experts once predicted that Americans would face excess leisure time (2015). Parent comment
I'd argue that the size of the leisure economy and the amount of leisure time are only very loosely correlated.
For example, if I meditate for 1 hour it is leisure time with no direct economic impact.
One the other hand, one could argue that the more leisure time we have, the more we will spend in leisure related equipment, culture etc.
However, one might also argue that leisure related spending correlates with disposable income, not leisure time.
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I'd argue that the size of the leisure economy and the amount of leisure time are only very loosely correlated.
For example, if I meditate for 1 hour it is leisure time with no direct economic impact.
One the other hand, one could argue that the more leisure time we have, the more we will spend in leisure related equipment, culture etc.
However, one might also argue that leisure related spending correlates with disposable income, not leisure time.