Summary of Time Millionaires

Looking for the article?
We have the summary! Get the key insights in just 5 minutes.

Time Millionaires summary

Editorial Rating

7

Qualities

  • Overview
  • Hot Topic
  • Engaging

Recommendation

Capitalism created a design for life: People are born, they drudge for years to earn enough money to retire comfortably, and then they die. Since the dawn of the industrial era, this paradigm was an accepted norm. But the COVID-19 pandemic led many workers to re-evaluate what is important to them. Journalist Sirin Kale explores the emergence of so-called time millionaires – those who measure wealth in minutes, not dollars. They encourage people to recognize money as a false god and instead to worship at the altar of time. 

About the Author

Journalist Sirin Kale is a features writer for The Guardian.

Summary

The COVID-19 pandemic prompted an increase of time millionaires – people who view time, rather than money or material wealth, as their greatest asset.

The pandemic exposed the misconception that employees work more productively in the office than in a remote environment. It shed light on the possibility of a life not dictated by the grind of career aspirations, deadlines and long hours. This revelation opened the door to the possibility that other mainstream work policies are obsolete. In the United Kingdom, some 56% of unemployed workers are not actively seeking employment, leading to a workforce crisis. Meanwhile, many employees returning to the workforce are seeking flexible hours or opportunities to work remotely and regain leisure time.

Journalist Nilanjana Roy coined the term “time millionaire” in a 2016 Financial Times column to describe the growing cohort of people who measure their wealth not in dollars or pounds but by the amount of time they spend engaged...


Comment on this summary

More on this topic

What Really Happened in Iceland’s Four-Day Week Trial
9
Why Remote Work Is So Hard – And How It Can Be Fixed
9
Six ways your office will be different in 2021, assuming you ever go back to it
8
Future of Work
8
The Future of Work
9
How Check-Ins and Check-Outs Will Help You to Build Stronger Teams
7

Related Channels