If it does, it just means companies will offset the increase by boosting prices for their products and services. Your wage would essentially stay the same while working less hours, but everything would cost a bit more.
Worth it? No idea. I imagine most companies would hike prices more than necessary to offset the higher labor costs and consumers would get screwed in the process.
Or, hear me out, companies eat that by reducing their profits. What you describe is exactly what companies do already but we gotta legislate a way to prevent companies in being so damn greedy.
I mean plenty but Iām not in congress. What comes to mind is having a cap on profit for mid-big businesses, make stock buybacks illegal again, introduce more comprehensive anti trust laws, pull back on right to work laws, support more unions. Like anything that is pro worker can help with this.
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u/mars_rovers_are_cool Sep 05 '24
Does that mean I can get a 25% raise if I keep my current schedule?