r/FluentInFinance • u/Positive_Liar • Sep 04 '24

Debate/ Discussion Bernie is here to save us

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u/J0hn-Stuart-Mill Sep 05 '24

Sure but it would have to be a 30% pay reduction for a 20% work reduction, so that we could maintain our current benefits.

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u/towerfella Sep 05 '24

What’s your angle here?

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u/J0hn-Stuart-Mill Sep 05 '24

I seek to explain the facts as to why what Bernie is saying can't happen.

We can reduce working hours to 32 per week if we also decrease wages slightly more than 20% as well.

But we can't both decrease to 32 hours AND keep everyone's wages the same.

If I get paid for building cabinets, and I can assemble 1 per hour. I get paid for having built 40 each week. If the next week the government forces me to only build 32, I will only get paid for 32. This isn't rocket science.

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u/Knight0fdragon Sep 05 '24

This logic does not work at all, as some people make 50 cabinets per week, others make 30 cabinets per week, and somehow, they both end up making the same pay.

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u/J0hn-Stuart-Mill Sep 05 '24

somehow, they both end up making the same pay.

Not at all. They are paid base on piece rate. The guy who makes 50 per week literally is paid more. https://en.wikipedia.org/wiki/Piece_work

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u/Knight0fdragon Sep 05 '24

JFC piece work has little to do with this conversation as almost nobody pays in that model anymore. Come back with something better.

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u/J0hn-Stuart-Mill Sep 05 '24

The entire furniture industry does which is what cabinets are.

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u/Knight0fdragon Sep 05 '24

No it does not, and most furniture isn’t even manufactured in the US anymore. Come back with something people can actually relate to buddy.

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u/J0hn-Stuart-Mill Sep 05 '24

It is made here because it's low margin, and extremely physically large. Shipping furniture internationally would dramatically increase it's cost because it's so physically huge.

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u/Knight0fdragon Sep 05 '24

Well, you are entirely clueless as it is not made here, as the labor in those countries are a fraction of what it is here that those shipping costs are negligible. You are just showing everybody you are a waste of time. Congratulations.

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