How much time do you have?

One fine day we think we have enormous time in our hands and the next day, the deadline is on your head.
We think the rise of IT has reduced the time we spent on a particular job. But are we really utilizing the time it has given us?? The time flies. Dawn to dusk is no more a 24 hour concept. Why? Is technology able to really increase our productivity or is it just taking over the 'manual' era without improving much on it??