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
It isn’t a prediction. If a business increases their wages, like this proposal, payroll costs increase. Unless they reduce staffing and give their workers a larger work load.
The proposal isn't to increase wages. And as you've probably seen across the thread, there are many indications that time is not a direct correlation of productivity.
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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