RST 100 1st Edition Lecture 23Outline of Last Lecture I. Balancing Leisure and Worka. Connections between work and leisureb. Alternative Life Planc. Work, leisure, and life satisfaction Outline of Current Lecture I. Economic Developmenta. Developed vs DevelopingII. Capitalisma. Antagonistic RelationshipIII. Consumerism a. Harries Leisure ClassV. How Leisure helps/harms our economy Current LectureMaking Connections- Relationships between leisure and economic development, Capitalism, and consumerism.- Leisure helps shape an economy and is affected by changes in an economy.o NCAA – brings in profits to help the economy o Developing country – tourism brings money into it o Leisure is affected when there is a deficit on economy – tourism and leisure are therefore the first to go 1st Economic Development- Economies develop when they increase the wealth and well-being of their people- Economic development impliesThese notes represent a detailed interpretation of the professor’s lecture. GradeBuddy is best used as a supplement to your own notes, not as a substitute.o Available leisure time, resources, opportunitieso High standards of living – money, living conditions, etc.In Developed Economies…- More people have economic stability – basic needs are satisfied- Can focus more on leisure services- Higher amounts of discretionary income- Leisure itself is an industryo Demand has been created o Disney World and Sea World In Developing Countries…- Discretionary income and recreational resources can be scarce- A leisure class is often supported by a working class- Economic development is huge for how big leisure is available Veblen- 1988 – Conspicuous consumption of the wealthy- Only the wealthy could afford to “have leisure” - Demonstrate wealth through leisure- Leisure was the main way for the affluent to demonstrate their status Does leisure designate wealth?- Yes – our “toys” are often our social ID- Research – the less money a peer group has, the more “bling” it buys and vice-versa- Wealthy people living with other wealthy people spent less on conspicuous leisure while wealthy living near poorer people spent more. - Why? – People comparatively richer than those around them want to show off their wealth, distinguish themselvesWealth increases happiness when it lifts people into the middle class and out of poverty - ICLICKERSlomo – Financial and Spirituality – skater who left everything - Acquiring wealth and the social norm Capitalism- Economic system based on private ownership- Promotes a free market regulated by supply and demand- Goal = profit How does leisure fare under capitalism?Antagonistic - The more leisure, the less progress- The more progress, the less leisureUnder capitalism, leisure is not an individual right, but given as a reward or withheld as a punishment. However if, consumption is the main focus of one’s leisure, then capitalism fits.Consumerism - Purchasing goods and services in ever-greater amounts- Can include buying unnecessary things in an exaggerated way - Expenditure for leisure good have been increasing at a faster rate than other merchandise o New bikeo New motorcycleo New carShopping- For some-consumption is a form of leisure- Visiting malls is a leisure activity - When given free time, people shop - Viewed as entertainment Black Friday- At the local level, the economic effect is nearly immediate - Can also be felt for months afterwards- CyberMonday- 40% of respondents said they’d shop between Black Friday and Cyber Monday Buy Nothing Day (BND)- Is an international day of protest against consumerism- Typically celebrated the Friday after Thanksgiving in US and the following day internationally- Began in 1992, in 1997 date set for “Black Friday” o One of the 1- busiest shopping days in USo Small portion of people against consumerism and having so much stuffThe Harried Leisure Class by Linder- Consumption is the Antithesis of leisure - we have to work more, to be able to buy morethings, and thus get into a hectic, never satisfied, materialistic frenzied cycle. - Why do we do it? To be happier, but are we?- 1970 Happiness and Wealth- Wealth increases happiness when it lifts people out of poverty into middle class- Lottery winners – much happier after winning lottery, but one year later their happiness was not much higher. Leisure Benefits an Economy- Employment opportunities- Attracts businesses - Reduces crime- Increases employee productivity - Increases property values- Special events/tourism boost local economies - Parks and open space reduces obesity and health care costsLeisure Harms an Economy- Decreased productivity of workers for leisure-related reasons- Increased crime due to deviant leisure activities - Costs related to leisure injuries/activitieso Rescues, unintentional