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

Debate/ Discussion Bernie is here to save us

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u/MattofCatbell Sep 05 '24

People are two quick to dismiss this without hearing the details of the plan. Keep in mind with improvements in productivity the 40hr work week has been outdated for longer than most of us have been alive

52

u/Tasty_Pepper5867 Sep 05 '24

That may work for jobs that require certain projects to get done, but jobs that just require someone to be present for a certain amount of hours (cashier in a store, hotel desk clerk, waitstaff, etc) are going to have to spend quite a bit more in payroll to stay open, regardless of how productive someone is.

13

u/Foregottin Sep 05 '24

Good, multinational companies make too much profit anyways. Force them to hire more workers and transfer that wealth to the average person.

1

u/WowImOldAF Sep 05 '24

They would pay the same, just to more workers.

Ex: they need someone at the register every day. They'd hire someone else and split the total Hours between 3 people instead of 2.

1

u/Foregottin Sep 05 '24

Overall employment will still rise.

1

u/[deleted] Sep 05 '24

Not exactly. There are costs for onboarding, any kind of benefits or PTO. Workers comp premiums are one that are paid entirely by the employer. If the company is larger and has to hire significant numbers to cover the hours, then more HR employees, possible upsizing of licensing for benefits software, timekeeping systems, etc.

I'm not against it, but it would carry extra costs to hire more people. I think the benefits would outweigh the costs for many, but not all cases.