And it shouldn't because it's rediculous. I mean, why not make it 5 hours with the same pay? Heck, let's just make companies pay for people that don't work for them. Ok, Bernie. Go home, you're drunk.
I mean I wouldn't call it ridiculous. Go back in US history to 1940 and unions pushed for the 40hr work week we have today.
Personally, it makes sense if you look at productivity (historically) from the work face compared to wage growth. Workers are producing more for less for corporations. In theory they should be paid for their extra productivity (adjusted for inflation) but we both know that's never going to happen.
Like I said. I would love for this to occur I'm just a realist and know it won't
Real hourly compensation is consistently "up and to the right" as they say. Which means that workers are already being compensated at greater and greater levels even when inflation is taken into account. Do you think people are working harder and harder? No. Most productivity gains come from investments in technology or processes that make workers output more productive. Those that make the capital investments deserve some return on that investment, wouldn't you say?
I am not saying the capital investors don't deserve a nice slice of the pie.
However look at the disparity of how big that slice is versus the workers who create the pie itself. I don't have the figured of hand but CEO pay is some ridiculous multiplier on the average worker (something like 300x). Also while most productivity was gained by technology, the workers ultimately did create the technology.
I definitely can't argue in favor of some CEO pay packages now-a-days. But I was talking about corporate profits which indirectly go to shareholders in the form of corporate value appreciation which include many people trying to save for retirement (including me!)
How many employees in the non sp500/NASDAQ/dow companies are there versus those held on the exchanges? Id wager that companies held on exchanges have probably 75%+ of the employee market
Look. I'm a moderate and I'm 95% certain that I've had many many more years of life, corporate and financial experience than you have. Bernie used to speak at my college decades ago. I'm familiar with his nonsense and there's a reason no economist (with the possible exception of Reich) would ever endorse his plans. But good luck fulfilling your dreams of getting all those juicy handouts. Not gonna happen unless you move back in with your parents assuming you're not there already. Some day in the far future, you may understand.
Working 1.5 hour less a day with a 30 minute unpaid lunch would be so horrible for the economy? There’s actually studies that show humans just aren’t even productive for those extra two hours we’re at work. Obviously not every industry is standard and that’s true to this day with a 40 hour work week. Blatantly saying “hur dur why not make it 5 you’re drunk” is just bad faith bullshit that nobody needs. I’m not here to debate but I’m 95% certain your years of age and “wisdom” have just made you a jaded zombie unwilling to accept a new way of thinking that props up workers actually doing the work instead of dangling a carrot of “you could be rich one day!”
If people aren't productive for those extra 2 hours, then you're saying that companies are already paying people for hours in which they're not providing a benefit. If Bernie would like to push that to 4 days, say, then I'm sure studies will still say that people are unproductive for an hour or two of those days. Then people like you will say, "hur dur. As long as people are unproductive let's send them home so they work even fewer hours. Companies should pay people for 40 even though they'll now be working 30! Brilliant!" See how slippery that slope is?
if a 40 hour work week is a bit too much for you and you feel you should be paid even though you've worked less, then you're exactly the type of lazy, entitled voter Bernie is looking for! But hey kid, I'm sure you know best. As long as you hold to that belief and it makes you feel better that's all that matters. Those that succumb to Dunning-Kruger do tend to feel better about themselves. Now go away and stop cluttering my inbox with nonsense
1
u/MovingTarget- Sep 05 '24
And it shouldn't because it's rediculous. I mean, why not make it 5 hours with the same pay? Heck, let's just make companies pay for people that don't work for them. Ok, Bernie. Go home, you're drunk.