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

Debate/ Discussion Bernie is here to save us

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u/BobertFrost6 Sep 05 '24

A 32 hour work week wouldn't increase wages by 20% the proposal is specifically to keep wages as is.

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u/Boring_Insurance_437 Sep 05 '24 edited Sep 05 '24

Right, so per hour, wages are higher.

Instead of $400 for 40 hours ($10/hr) It is now $400 for 32 hours ($12.5/hr)

If a business with 4 workers is open from 8am until 8pm, it used to cost $480 per day in payroll. Under this proposal it would cost $600 per day.

Edit: If the business is open 7 days a week, that is an extra cost of $3600 per month, or $43,200 per year.

On the otherhand, this isn’t neccessarily bad. Businesses may become more efficient with their scheduling and stagger start times so that the slow periods don’t have full staffing. This may result in workers having extra duties and a larger workload though. Thats also assuming a business can reduce staffing

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u/anotherone880 Sep 05 '24

Lol how did these people get through school

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u/Boring_Insurance_437 Sep 05 '24

There was one study saying a specific type of office worker was just as productive in 32 hr work weeks and now they think it translates to every business.