There's a ginormous mountain of studies that find that sleep deprivation is a serious drag on productivity. One study estimates that each additional hour of sleep per week increases the probability of employment by 1.6 percentage points and weekly earnings by 3.4%.
It's not just the quantity but the quality of sleep that impacts productivity. The dilemma of juggling career and kids presents a contemporary challenge as families today often have two working parents facing sleep deprivation.
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