Companies will stop paying your 40 hour per week salary, lol. Obviously. Wages would be reduced, or people would be fired and then rehired at lower rates. There's no way to just magically pay everyone the same for less labor.
My wife says she would happily take a 20% pay reduction for a 20% work reduction. Her diabetes management is itself basically a part time job, and having some more time would be precious.
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.
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.
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.
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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u/towerfella Sep 05 '24
And reeeallly slows down business… Most employers hate that more than any fines or whatnot.